Regulation

Regulation

Policy

Hyperliquid founder wants U.S. oversight of trading platforms, not his blockchain

Jeff Yan told Bloomberg that U.S. regulatory oversight should apply to the firms using the blockchain, not to the underlying network itself.

Hyperliquid CEO Jeff Yan at DC Fintech Week (Jesse Hamilton/CoinDesk)

Policy

Australia’s financial watchdog seeks stiffer rules for crypto exchanges ahead of licensing deadline

The country’s regulator, ASIC, has proposed tougher rules to protect users’ digital assets, crypto trading and to safeguard the country’s financial stability.

ASIC Commissioner Alan Kirkland (ASIC/Media)

Policy

Kalshi CEO says state-led oversight of U.S. prediction markets would push them out

CEO Tarek Mansour said he feels "pretty good" about the pending outcome of the current legal fight over who has the right to regulate prediction markets.

Kalshi CEO Tarek Mansour at DC Fintech Week in Washington (Jesse Hamilton/CoinDesk)

Finance

Kraken parent Payward to become first crypto firm to buy a EU bank as it expands into deposits, lending

Payward agreed to buy Lithuania’s Saldo Bank, which holds $190 million in total assets, securing an EU license for deposits and lending.

Payward and Kraken co-CEO Arjun Sethi sits at a panel discussion at Consensus Miami. (CoinDesk)

Policy

Dutch central bank grants Qivalis e-money license for MiCA-compliant euro token

Backed by BBVA, BNP Paribas, and ING, Qivalis secured Dutch regulatory authorization to offer onchain euro settlement infrastructure.

The central bank of the Netherlands. (Can Pac Swire/Flickr)

Policy

Largest Philippines crypto exchange, Coins.ph, said to face central bank regulatory action

The exchange, which has over 18 million customers, is said to have handled business transactions involving restricted offshore gaming and gambling companies.

Map centered on the Philippines

Policy

South Korea blocks 27 crypto exchanges, including Bitmart and Kucoin

The country’s regulators are stepping up their earlier restrictions on mobile apps to websites, targeting unregistered exchanges before investors report losses.

Financial Services Commission in Seoul, South Korea. (Wikiwater2020/Wikimedia Commons)

Policy

Clarity's failure could speed crypto innovation while shielding incumbents

Executives see openings for tokenization, DeFi and dealmaking, while lawyers warn agency action leaves spot-market oversight and lasting certainty unresolved.

Congress

Policy

U.S. CFTC moves to fold event contracts into swaps regulations as legal fight rages

The derivatives regulator is proposing a formal rule to include certain contracts traded on platforms like Kalshi's as swaps that require the agency's oversight.

U.S. Commodity Futures Trading Commission Chairman Mike Selig (Jesse Hamilton/CoinDesk)

Policy

Top Democrat among Senate investigators probes ties between Cantor Fitzgerald, Tether

As Democrats steadily rise in their potential to take back a Senate majority, Senator Richard Blumenthal is digging into Tether's U.S. financial partnership.

U.S. Commerce Secretary Howard Lutnick and Bo Hines, a former White House adviser who is CEO of Tether U.S. (Jesse Hamilton/CoinDesk)