NewsFeeds: Regulation
Crypto regulation news: SEC and CFTC actions, new laws and court rulings worldwide, rewritten by AI in our own words, credited and linked.
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Fri 6 Nov
Singapore's MAS says Binance not approved to offer regulated financial services
A Monetary Authority of Singapore spokesperson said on 5 November that crypto trading is not suitable for the general public and urged consumers to avoid unregulated firms. MAS reiterated that Binance is not approved to provide regulated financial services in Singapore.
CFTC no-action letter lets clearing houses use trust companies for daily settlement
The CFTC's Division of Clearing and Risk issued a no-action letter stating that derivatives clearing organisations may treat trust companies as settlement banks meeting applicable CFTC requirements. This allows them to use trust companies for the daily settlement of clearing members.
Democrats plan pressure on Trump over crypto, AI regulation and Iran
US Democrats will use House and Senate committee oversight over the next two years to press the Trump administration on government probes, the budget, Iran policy, AI regulation and crypto legislation. Crypto market-structure efforts have stalled over ethics rules on politicians' crypto businesses, clouding the CLARITY Act's prospects.
Ripple CEO Brad Garlinghouse says US needs clear digital-asset rules after midterms
Ripple CEO Brad Garlinghouse said pro-crypto candidates from both parties won the US midterms and called for clear digital-asset rules, noting 67 million Americans use crypto. Ripple CLO Stuart Alderoty said regulatory clarity will not be settled by one election.
Previous related news
- The Macro Paper says each $1 of Big Tech AI spending has coincided with $6.33 of market value lost
- Kobeissi Letter says persistent selling stood out in overnight rout
- Hedge fund liquidations may be driving market sell-off, analysts say
South Korea finance minister says government will act to stop market anxiety spreading
South Korea's finance minister said the government will act proactively to prevent market anxiety from escalating and will ease rules on leveraged investing to calm volatility. Further stabilisation measures will follow if volatility worsens, the minister said.
Elizabeth Warren expected to chair Senate Banking panel, WSJ says
The Wall Street Journal reports that Senator Elizabeth Warren, a leading crypto sceptic, is expected to chair the Senate Banking Committee in January and to step up oversight of digital-asset firms and prediction markets.
Hillary Clinton calls for new Congress to hold Musk to account over data claims
Former US secretary of state Hillary Clinton told ABC's The View that the Congress taking office in January 2027 should hold Elon Musk and others to account, accusing them of trying to influence decisions by manipulating data. Democrats have weighed investigating Musk's federal contracts and DOGE role.
Singapore's MAS says public should not deal with unregulated firms after Binance incident
Singapore's MAS, responding to the reported theft of about $6.3bn of assets from Binance, said the public should be cautious with crypto and avoid unregulated firms. It said Binance has never been licensed in Singapore and was put on its investor alert list in September 2021.
DarkSword iOS exploit kit linked to $5.57m in crypto losses, Zhao Changpeng urges updates
Security researchers warn the DarkSword exploit kit uses an iOS 18 flaw to run malicious code when users open infected sites in Safari, stealing wallet keys and seed phrases. At least 18 sites and 20-plus wallets are linked to $5.57m in losses; Zhao Changpeng urged users to update iOS.
US Treasury sanctions 4 people and 41 entities linked to Prince Group
The US Treasury sanctioned four individuals and 41 entities tied to the Prince Group transnational criminal organisation, including Qiu Yong, Zhao Mengyao, He Yujing and Pang Weizhi. It also sanctioned Malaysian national Chui Kok Wa over an alleged digital asset scam network targeting US victims.
DIFC Courts propose dispute resolution oracle for tokenised assets
Dubai's DIFC Courts published a white paper on 5 Nov for a voluntary dispute resolution oracle that would let off-chain court or arbitration rulings trigger enforcement of tokenised assets on-chain, with the court as first qualified provider.
DIFC Courts propose dispute resolution oracle for tokenised assets
The Dubai International Financial Centre Courts published a whitepaper on 5 Nov proposing a voluntary "Dispute Resolution Oracle" that would verify court or arbitration rulings and trigger enforcement against on-chain tokenised assets, with the courts as first qualified provider.
California federal court bars Kalshi sports contracts on plaintiff tribe's land
A California federal court on 4 Nov granted a preliminary injunction barring Kalshi and KalshiEX from offering sports event contracts on the plaintiff tribes' Indian lands. The order does not cover Kalshi's wider California or US sports prediction business.
Previous related news
- CME's Duffy says CFTC prediction-market reach may go to Supreme Court
- NFL tells US Supreme Court it opposes federal regulation of prediction markets
- NFL tells Supreme Court sports prediction contracts are gambling, not swaps
Thu 5 Nov
Arkansas accuses Kalshi of hiding trading risks and allowing under-21 users
Arkansas has accused the prediction market Kalshi of telling users its platform is legal and safe while concealing risks from professional traders and insider trading, and of allowing users under 21 to use its products. The state is seeking unpaid taxes and civil penalties of up to $10,000 per violation under state law.
Previous related news
- Arkansas sues KalshiEX and Kalshi Inc over alleged illegal gambling
- US appeals court denies Coinbase and Kalshi bid to pause state enforcement
- Kalshi and two co-founders face 14 criminal charges in Utah, 13 of them felonies
Hyperliquid Strategies says subsidiary files with CFTC for FCM registration
Hyperliquid Strategies (PURR) says its subsidiary has applied to the CFTC to register as a futures commission merchant, which would let it serve US clients on permissioned HIP-3 markets. The Nasdaq-listed firm reported $13.3m in quarterly revenue, $12.3m of it from staking HYPE and validator commissions.
Previous related news
- Hyperliquid's Jeff Yan says HIP-3 partners should handle US KYC
- Hyperliquid's Jeff Yan says US entry hinges on compliance of operating entity
- ICE reissues trade.xyz announcement with 'plans to introduce' and regulatory approval caveats
Santiment says post-midterm AI regulation fears are weighing on crypto
Santiment said fears that AI regulation could tighten after the US midterms are hitting crypto as well as tech stocks, with Bitcoin closely correlated to tech shares. It said selling pressure could ease if data centre restrictions do not become policy.
White House reviews SEC proposal on brokers' crypto business
The White House Office of Management and Budget is reviewing an SEC proposal, submitted earlier this week, on how brokers conduct digital asset business. The SEC said it expects to consider amendments to broker-dealer financial responsibility, recordkeeping and reporting rules to clarify their application to crypto.
Paraguay's Santiago Peña resigns over Ueno Bank collapse
Paraguay's president Santiago Peña said he is resigning to protect stability and democracy after the collapse of digital bank Ueno Bank, which the central bank moved to liquidate. Peña, who denies wrongdoing, faced scrutiny over past ties to its owner, Grupo Vázquez.
Hollywood studios bar staff from betting on prediction markets with inside information
Hollywood studios and production companies are barring employees from using inside information to bet on prediction markets, covering earnings, casting and release dates, and at least one firm set up an anonymous hotline. Penske Media updated its handbook, and Kalshi said a MrBeast editor made about $5,000 and was fined $20,000.
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