Tag: State

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Are perps swaps? A quick look at that CME suit: State of Crypto

CME is arguing that perps are harmful to its long-dated futures products. The lawsuit alleges that the CFTC did not consider the ramifications of...

Kentucky targets prediction markets, puts red state in potential clash with Trump team

“This action runs counter to the CFTC's established framework for regulating prediction markets,” the spokesperson said in a statement emailed to CoinDesk.So far, the...

Crypto industry aghast at Illinois’ new tax on holding or transferring digital assets in state budget

The crypto industry is pushing back against a new tax law in the state of Illinois that enacts a 0.2% tax on businesses transacting...

Senators Urge Treasury Ensure State Authority in GENIUS Rules

A bipartisan group of US senators led by Republican Senator Cynthia Lummis has urged the Treasury to ensure that state authorities are given the...

State Street targets stablecoin reserve boom with new money market fund

Wall Street's largest asset managers are increasingly competing to manage the assets backing stablecoins, a market that could swell into the trillions of dollars...

Summer of crypto (regs): State of Crypto

Last Tuesday's House Ways and Means Committee hearing on digital asset tax bills was pretty straightforward. The members of the committee asked largely substantive...

CFTC Sues New Mexico to Block State Gaming Laws From Reaching Federally Regulated Prediction Markets

The federal derivatives regulator filed suit Thursday in federal court seeking to bar New Mexico from enforcing state gaming laws against CFTC-registered prediction-market exchanges,...

Former SEC, CFTC Chair Gary Gensler argues that prediction markets don’t overrule state regulations

"To put the argument in the plainest real-world terms: Senate Majority Leader Harry Reid of Nevada would never have consented to or passively accepted...

A quick review of the Ways and Means tax bills: State of Crypto

The House Ways and Means Committee circulated seven draft bills ahead of this week's hearing on crypto tax policy, signaling what the industry can...

Crypto PAC-Supported Candidates Sweep US State Primaries after Media Buys

Democratic and Republican candidates across California, New Jersey and South Dakota won their respective primaries on Tuesday after being the beneficiaries of supportive ads...

How the House Financial Services Committee is taking on tokenization: State of Crypto

Last month, Rep. French Hill, who chairs the House Financial Services Committee, told CoinDesk that he expected the Clarity Act to secure bipartisan consensus,...

Texas Names Bitcoin Reserve Advisory Committee As State Eyes Direct Bitcoin Custody

Acting Texas Comptroller Kelly Hancock on Thursday announced the members of the Texas Strategic Bitcoin Reserve Advisory Committee, a newly created body...