CFTC Backs Prediction Markets as States Push for Restrictions
The CFTC is easing compliance pressure on event-contract platforms while defending federal authority over prediction markets in court. At the same time, states including Minnesota are escalating efforts to restrict operators such as Kalshi and Polymarket, setting up broader legal and regulatory battles.
Senate Banking Committee Braces for High-Stakes CLARITY Act Markup
The Senate Banking Committee is preparing for a major amendment battle ahead of the CLARITY Act markup hearing. Lawmakers are debating stablecoin restrictions, DeFi liability, ethics rules, and enforcement powers as the crypto market structure bill moves closer to a Senate vote.
Charles Schwab Opens Direct Bitcoin and Ethereum Trading Access
Charles Schwab has started rolling out direct Bitcoin and Ethereum trading for selected retail clients in the United States. The launch of Schwab Crypto expands the brokerage’s digital asset offerings and signals deeper traditional finance participation in spot crypto markets.
Senate Confirms Kevin Warsh to Fed Board Before Key Chair Vote
The Senate confirmed Kevin Warsh to the Federal Reserve Board of Governors in a closely watched vote that could reshape U.S. monetary policy. A separate confirmation process will determine whether Warsh replaces Jerome Powell as Fed chair amid growing focus on interest rates and crypto regulation.
Circle Raises $222M for Arc Blockchain in Major Institutional Presale
Circle raised $222 million through a token presale for Arc, its public Layer-1 blockchain focused on stablecoin payments and tokenized finance. Andreessen Horowitz led the raise as Circle expanded beyond USDC issuance into blockchain infrastructure.
