Regulation
Japan reclassifies crypto as a financial asset, paves way for tax cuts
Lawmakers said crypto has outgrown its role as a payment method and requires rules designed for investment products.
U.S. CFTC moves to stop Kalshi from canceling trades as ordered by Michigan court
The federal derivatives regulator, which oversees trading at Kalshi, argued it was inappropriate for Michigan to "bully" the firm into reversing trades.
Some U.S. Senate Democrats come out against Clarity Act, calling it a 'corrupt' bill
Certain Democrats are taking an increasingly rigorous stand against the crypto market structure bill, which needs a significant number from their party to pass.
U.S., UK move to align rules for tokenized finance across world's largest financial markets
The joint roadmap aims to reduce regulatory friction for tokenized assets while strengthening ties between the world's two largest financial centers.
Trump's crypto riches loom over Clarity Act talks to ban conflicts for U.S. officials
Discussion among Democrats have fixed on the president's personal gains when hashing out the crypto market structure bill's ethics provision.
Wall Street transfer agents lobby SEC, warning that third-party tokens pose risks to market integrity
The Securities Transfer Association, an industry group for transfer agents, said company-authorized tokenization should receive preferential treatment under future rules.
Polymarket seeks approval to bring margin trading to U.S. customers
Polymarket's application to allow users to take positions that are not fully collateralized follows authorization granted to rival Kalshi in March.
Sony secures conditional approval to set up U.S. stablecoin trust bank
The New York-based subsidiary, fully owned by Sony Bank, will be capitalized with $40 million to support its upcoming stablecoin business operations.
U.S. SEC to propose crypto rule as soon as this month to ease startups, fundraising
A newly updated agenda from the securities regulator shows so-called Reg Crypto high on its near-term list.
Ripple's preliminary crypto asset provider license in Luxembourg upgraded to fully compliant
The approval means Ripple is now fully MiCA-compliant for payments, financial institutions, corporates and businesses across all 30 European Economic Area countries.
