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Kalshi Sues Minnesota Over New Law Blocking Prediction Markets

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Kalshi has ramped up its battle over prediction markets by filing a lawsuit against the state of Minnesota. The lawsuit challenges a recently passed law that would restrict most prediction market activity and impose criminal penalties on certain event-based contracts.  Kalshi And Minnesota Clash At the core of Kalshi’s lawsuit is its jurisdiction argument. The […]
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Warren Vs. Crypto: The Digital Chamber Rejects Risk Claims From National Trust Charters

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Senator Elizabeth Warren’s criticism of how the Office of the Comptroller of the Currency (OCC) handled national trust bank charters for digital asset firms has triggered a direct response from the crypto industry.  On Tuesday, The Digital Chamber (TDC) sent a letter to Comptroller of the Currency Jonathan Gould, pushing back on Warren’s claims and […]
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Stablecoin Regulation: FDIC Announces New Proposed AML Rules For Issuers

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As crypto regulations continue to take shape in the US, the Federal Deposit Insurance Corporation (FDIC) has issued a notice of proposed rulemaking to extend Bank Secrecy Act (BSA) and economic sanctions compliance standards to FDIC-supervised Permitted Payment Stablecoin Issuers (PPSIs). The move aims to bring digital asset issuers further within the compliance architecture that […]
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Polymarket Hit By $700K Exploit: What We Know And Why Experts Say It Could Have Been Worse

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Polymarket came under attack earlier on Friday after a contract exploit drained more than $600,000 in crypto. Despite the size of the theft, multiple security analysts emphasized that user funds and market outcomes were not impacted.  One expert even argued that the incident could have been significantly worse if additional controls in the compromised contract […]
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US Treasury Cracks Down Drug Lord’s Crypto Money-Laundering Ring Linked To Sinaloa Cartel

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The US Treasury announced on Wednesday a fresh round of sanctions targeting the Sinaloa Cartel, citing growing evidence that elements of the organization are using crypto to support fentanyl trafficking and launder drug proceeds.  Crypto To Move Fentanyl Proceeds Treasury noted that the Sinaloa Cartel is among the oldest and most powerful drug trafficking groups […]
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CLARITY Act: Banking Trade Groups Push For Yield Agreement Revision – Details

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US banking trade groups have called for an amendment to the stablecoin yield compromise in the highly anticipated CLARITY Act. This statement comes ahead of an expected markup on the crypto legislation next week. After months of negotiations, legislators, crypto industry players, and US banks reached an agreement on how to adopt stablecoin yield under […]
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Telegram Founder Claims French Officials Sold Crypto Data, Linked To 41 Kidnaps

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France has emerged as a focal point in a growing wave of kidnappings that, increasingly, appear tied to crypto assets. According to authorities, there have been 41 cases this year alone, reflecting a sharp escalation of a wider international trend often referred to as “wrench attacks.”  The link between the attacks and crypto exposure has […]
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Crypto Regulation: Polish Parliament Fails To Overturn Presidential Veto Again

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Once again, Poland’s Parliament has failed to override the presidential veto of a controversial piece of cryptocurrency legislation, deepening tensions between the country’s legislative branch and its head of state. Related Reading: Bold Call: Ripple Tipped To Become Payments Giant By 2040 Polish Lawmakers Face Consecutive Defeat Against Nawrocki Over Crypto Bill According to a […]
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US Treasury Rolls Out Draft Rule To Implement GENIUS Act Compliance Program

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The US Treasury on Wednesday released a joint proposed rule from the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) that would put meat on the bones of the GENIUS Act, the federal law establishing a regulatory framework for stablecoins.  The draft rule translates the statute’s requirements into concrete anti‑money‑laundering […]