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Illinois Details DeFi, Stablecoin Rules for 0.2% Crypto Tax

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news, reviews, and analyses are produced with full journalistic independence and integrity. For more…
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Aiden Pleterski Faces Trial Over Alleged $30M Crypto Fraud

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news, reviews, and analyses are produced with full journalistic independence and integrity. For more…
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South Korea Weighs Crypto Market Makers After JPYC Spike

South Korea’s Financial Services Commission said it is considering a market-making system for digital assets, after a stablecoin linked to the value of the Japanese yen traded for as much as four times its peg on a major South Korean crypto…
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CFTC sues Cash FX in crypto-linked case

The Commodity Futures Trading Commission said it is suing Cash FX Group and three individuals in a $950 million foreign-exchange investment case involving cryptocurrency.The defendants are Cash FX and its CEO Huascar Jose Lopez Castillo of…
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Hester Peirce to leave SEC

SEC Commissioner Hester Peirce has submitted her formal resignation from the US Securities and Exchange Commission, effective Oct. 2.Peirce, also known as “Crypto Mom” amid her advocacy of clear, rules-based regulation of the crypto…
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Fed Sets Out Stablecoin Rules Under GENIUS Act

The Federal Reserve has proposed capital, redemption and other regulatory requirements for stablecoin issuers under its supervision as it moves to implement the GENIUS Act.The GENIUS Act already requires stablecoin issuers to maintain…
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Trump Administration Weighs Overseas Stablecoin Push

The Trump administration is reportedly considering an initiative to promote the use of dollar-backed stablecoins overseas as part of an effort to reinforce the US dollar’s position as the world’s reserve currency. Citing people familiar…
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CFTC Warns Prediction Markets Over Manipulation Risk

The top US derivatives regulator has warned that prediction market contracts tied to what a person says or does carry a heightened risk of manipulation, putting exchanges on notice as the industry faces increasing scrutiny over market…
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Manhattan US Attorney leading probe into Binance’s Iran compliance: Bloomberg

The investigation is reportedly examining whether Binance knowingly allowed trading that violated US sanctions on Iran, months after reports first revealed a Justice Department probe. Source link
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Who Needs CLARITY Anyway? ARB Could See 70X Increase: Hodler’s Digest

CLARITY vote fails, long live CLARITYAfter a year’s buildup, the US Senate failed to pass a cloture motion on the Digital Asset Market Clarity (CLARITY) Act.The motion received just 49 votes in favor and 50 against, well short of the 60…
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