News linked to this event type.
Odaily Odaily報道， multiple senior officials at the U.S. Commodity Futures Trading Commission (CFTC) who had raised compliance concerns regarding prediction market platforms were subsequently suspended, subjected to internal investigations, and ultimately forced to leave their positions. The report states that these officials had expressed concerns about the following companies: Polymarket lacking adequate anti-fraud mechanisms; Crypto.com not treating small bettors fairly; and a Gemini-affiliated company having not yet completed necessary regulatory reviews.The investigation noted that all the aforementioned companies are believed to have business ties with the Trump family. Sources said that the then-acting CFTC Chair Caroline Pham and her senior advisor intervened to help these companies secure regulatory approvals.As of the end of 2025, two officials who raised the questions were placed on administrative suspension and subjected to internal investigations, while three other officials responsible for crypto enforcement faced similar treatment, none of whom were informed of the specific reasons. The report suggests this has created a signal within the CFTC to "avoid creating trouble for the relevant industry."The CFTC significantly scaled back crypto enforcement during the Trump era: the agency initiated over 80 crypto enforcement actions during the Biden administration, but only two during the Trump administration, both targeting individual operators rather than large corporations. Furthermore, Caroline Pham left the CFTC to join MoonPay, which has a partnership with Polymarket; her former senior advisor, Brigitte Weyls, joined Gemini Titan as General Counsel. The current CFTC Chair, Michael Selig, previously worked as a corporate lawyer for several crypto companies. (Cointelegraph)
According to Cointelegraph, Binance CEO Richard Teng denied a Wall Street Journal report claiming that the platform processed approximately $850 million in Iran-related transactions ultimately destined for the Islamic Revolutionary Guard Corps (IRGC), calling the report “completely inaccurate.” The report stated that Babak Zanjani—a figure recently re-sanctioned by the U.S.—and his associated network transferred funds via Binance accounts over a two-year period. Richard Teng stated that Binance has never permitted sanctioned individuals to trade on its platform, and any flagged activity occurred prior to the imposition of U.S. sanctions. Previously, the Wall Street Journal also reported that Binance’s internal compliance team had issued multiple alerts regarding these accounts.
Hyperliquid has recently significantly outperformed the broader market. Its token, HYPE, hit an all-time high following the launch of two related ETFs in the United States. Meanwhile, European traders are accelerating their migration to the platform due to restricted access to perpetual contracts on regulated exchanges. Market analyst Michael van de Poppe stated that with Hyperliquid's continued rally and renewed interest in AI-related crypto projects, signs of improving risk appetite are emerging in the altcoin market. Hyperliquid’s expansion into tokenized stocks, commodities, and pre-IPO assets is strengthening the on-chain asset tokenization trend. He suggested that if market sentiment continues to improve, HYPE’s price could target $100 or even higher.However, Michael van de Poppe also stressed that while Hyperliquid holds a short-term advantage, Solana offers greater long-term investment certainty, transitioning from a "speculative ecosystem" to institutional-grade infrastructure. In the AI track, he noted that NEAR Protocol and Bittensor remain significantly undervalued, citing a disconnect between their fundamental growth and valuations. He pointed out that NEAR’s revenue growth potential and Bittensor’s subnet expansion could support higher valuation ranges. Additionally, he indicated that the privacy sector retains long-term demand, but fully anonymous systems face regulatory pressure. The future is more likely to be dominated by zero-knowledge proofs and compliant privacy solutions.On the macro level, Michael van de Poppe highlighted that bond yields and central bank policies remain the core drivers of the crypto market, with changes in Japanese government bond yields potentially serving as a key barometer. (CoinDesk)
According to The Information, the U.S. crypto industry is building a tighter coordination network in Washington, D.C., focusing on advancing legislation for key issues—including stablecoin regulation, crypto market structure bills, and crypto ETFs—to accelerate regulatory legalization. The report notes that, against the backdrop of the Trump administration’s increasingly friendly stance toward crypto and growing congressional support, the industry is seeking to seize this window of opportunity to formally integrate crypto assets into the U.S. mainstream financial system. Entities such as Coinbase and a16z crypto are also continuously expanding their policy influence—through political donations, lobbying teams, and industry coalitions—to shift the regulatory framework from “crackdown” to “regulation and acceptance.”
the proposed U.S. crypto market structure bill, the "Clarity Act," could foster a new "Yield-as-a-Service" market in the crypto industry. It may also push the sector away from a passive "hold-to-earn" model toward an AI-driven compliant yield infrastructure.Currently, the core of the debate centers on Section 404 of the bill, which would prohibit Digital Asset Service Providers (DASPs) from directly offering yields solely based on users holding a specific digital asset. Joe Vollono believes this means the industry will shift from "Hold-to-Earn" to "Use-to-Earn," making the future market more reliant on active and compliant yield strategies.Joe Vollono, Chief Business Officer at STBL, stated that the bill could drive development in areas such as DeFi infrastructure, treasury management, collateral management, automated capital management, on-chain lending, and reward systems. AI is expected to become a crucial foundational layer for coordinating regulated capital flows.At this stage, the Clarity Act has passed the U.S. Senate Banking Committee. It is expected to move next to a full Senate vote, where it will be reconciled with the version from the Agriculture Committee. The market generally believes this bill could, for the first time, establish a complete regulatory framework for the U.S. digital asset market, clearly defining the regulatory boundaries between the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission for digital assets. This would pave the way for large institutional capital to enter the crypto market. (CoinDesk)
According to E-Company, Longbridge Securities has issued a further statement regarding recent regulatory developments concerning cross-border securities business in China. Longbridge Securities stated that the Securities and Futures Commission (SFC) of Hong Kong and mainland regulators—including the China Securities Regulatory Commission (CSRC)—have recently released updated regulatory requirements for cross-border securities business, establishing industry-wide standardized rules for services offered to mainland investors. These new regulatory rules apply to all overseas financial institutions. Longbridge Securities actively responds to the regulatory guidance from both jurisdictions and will steadily advance its compliance efforts strictly in accordance with the relevant requirements. Longbridge Securities clarified that the scope of accounts subject to this regulatory cleanup is limited and clearly defined, targeting two specific categories: (1) investment accounts opened using suspicious or forged documents; and (2) dormant investment accounts with zero balances. Customer accounts that were properly and compliantly opened and hold genuine assets and positions are not included in this cleanup. Longbridge Securities firmly supports the regulators’ zero-tolerance stance toward fraudulent account openings and will handle such cases strictly in line with regulatory requirements.
the Cangshan District People's Procuratorate of Fuzhou City disclosed that a man was sentenced to 12 years and 7 months in prison and fined 300,000 yuan for stealing 4 Bitcoins from another person and illegally profiting approximately 900,000 yuan. The verdict was upheld in the second instance.According to the case details, at the end of 2020, a person surnamed Wang commissioned a person surnamed Lin to assist in liquidating his Bitcoin holdings. While accessing Wang's Bitcoin wallet hard drive and computer, Lin stole the wallet's "private key" and related data, transferred 4 Bitcoins to his own account, and subsequently sold them off for profit. In 2024, Wang discovered the asset anomaly and reported it to the police, leading to Lin's arrest.The procuratorate stated that although current Chinese regulations clarify that virtual currencies do not hold legal tender status, Bitcoin possesses value, manageability, and transferability, which aligns with the general characteristics of "property" under criminal law. Therefore, it constitutes an object of property crimes, and related infringing actions will also be subject to criminal liability.
crypto journalist Eleanor Terrett posted on platform X, stating that due to ongoing disagreements within the Republican party over the border security coordination bill, the US Senate failed to advance relevant agenda items before the Memorial Day recess. As a result, the crypto market structure bill, the CLARITY Act, will need to compete for Senate floor time again after Congress reconvenes in early June. The Senate's current schedule is already very tight, with housing legislation, the farm bill, and the FISA Act deadline on June 12 also needing to be addressed. Therefore, the crypto market structure legislation is likely to be postponed for consideration until July, thereby affecting the probability of its final passage before the August recess. It is reported that staff from the Senate Agriculture Committee and the Banking Committee have already begun coordinating and merging bill texts behind the scenes, and related technical drafting work will continue during the recess.
According to Caixin Global, Tiger Brokers issued a statement clarifying that recent claims accusing the company of “refusing to cooperate with regulators” or “confronting regulators head-on” are entirely false. The company emphasized that regulatory compliance is the lifeline of its operations and stated that it will strictly adhere to guidance from the China Securities Regulatory Commission (CSRC) and other relevant regulatory authorities to implement rectifications in response to the latest regulatory requirements. Since 2023, Tiger Brokers has fully ceased opening accounts and conducting marketing activities for mainland Chinese users. As of the end of Q1 2026, mainland Chinese clients accounted for approximately 10% of the company’s total client assets. Meanwhile, its overseas client base and asset scale have grown steadily. The company will continue advancing its compliance efforts in a steady and orderly manner to safeguard client asset security.
JPMorgan announced its blockchain platform Kinexys has exceeded $1.5 trillion in cumulative transaction volume since its launch in 2020, processing over $2 billion in daily transaction volume.Additionally, in May 2026, JPMorgan applied to launch a tokenized Treasury fund, built using the Kinexys blockchain infrastructure, designed to meet the reserve asset requirements for stablecoin issuers under the GENIUS Act. Its Q3 2025 13F filing shows JPMorgan increased its holdings of iShares Bitcoin Trust shares by 64% to 5.28 million shares, valued at approximately $343 million.Meanwhile, Kinexys and Digital Asset plan to bring JPM Coin to the Canton Network in 2026 to enable institutional deposit token settlements on public infrastructure. (financefeeds)
According to the ABA Banking Journal, on May 22, the U.S. Federal Deposit Insurance Corporation (FDIC) proposed new rules to establish Bank Secrecy Act (BSA) and sanctions compliance standards for stablecoin issuers under its supervision. Under the proposal, such issuers would be required to comply with applicable anti-money laundering (AML) / countering the financing of terrorism (CFT), economic sanctions, and reporting requirements—including those issued by the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC). The rule would also establish supervisory and enforcement provisions for AML/CFT programs consistent with FinCEN’s requirements. The public comment period is 60 days following publication of the proposal in the Federal Register.
According to Reuters, the European Central Bank (ECB) opposed a proposal to promote more euro-denominated stablecoins at a meeting of EU finance ministers, arguing that relaxing liquidity requirements for stablecoin issuers—or even granting them access to ECB funding—could undermine the stability of bank deposits, dampen bank lending, and complicate interest rate control. The proposal was put forward by Bruegel in its meeting document, aiming to expand the current market, which is dominated by U.S. dollar–denominated stablecoins. ECB President Christine Lagarde has previously taken a cautious stance toward euro stablecoins, favoring instead tokenized commercial bank deposit solutions. The report also notes that the EU is reviewing the Markets in Crypto-Assets (MiCA) regulation, which entered into force in 2024, while the U.S. passed the more permissive GENIUS Act in 2025.
recently, Liu Feng, former founder of ChainNews, and Dan Romero, former Farcaster founder and Tempo team member, engaged in a series of discussions on topics such as payments, cryptocurrency, and AI Agents. During the conversation, Dan Romero addressed some key questions raised by both Liu Feng and the public. The highlights are as follows:1. The reason for the shift from idealistic socialfi products to public chains dominated by large enterprises: "The crypto landscape has changed. Now we have stablecoins and crypto (more native) as two distinct things." Tempo and Playbook's goal is: "Starting with payment services, collaborating with large, established companies to help them conduct on-chain payments and advance their own business development. Then, by integrating DeFi applications, we will launch yield-generating products that end users actually need."2. "Tempo has no meme coins or anything similar, which is a good thing for a conservative bank. Tempo has other characteristics: compliance and privacy. This might not be as exciting for crypto natives, but it is very attractive to banks."3. Regarding core use cases for payments: "Platform-based marketplaces and cross-border payments are two clear stablecoin use cases."4. Micropayment-driven agent-to-agent payments are worth anticipating; stablecoin-based micropayments will usher in a new spring. Regarding payments between agents: "Traditional payment methods are too costly to use at scale. This level of granularity and speed can only be achieved through cryptocurrencies and streaming payments."5. "I deeply respect Ethereum's adherence to cypherpunk principles regarding decentralization. I really like their new mission; it's good for the world. But the reality is that businesses don't care about these things; they care about whether it can solve real problems." "If Tempo can attract 1 million businesses and 1 billion consumers, it won't be a bad thing for either cryptocurrency or Ethereum."6. Regarding Tempo's decentralization process: Hoping to achieve it within two years. "We are not a bunch of suit-wearing outsiders; we truly understand the space. We know how important decentralization is, but at the same time, we are very pragmatic. I guarantee that we will actually drive application adoption."7. Regarding the Machine Payment Protocol (MPP) and the X402 protocol, AI Agents don't care about the differences between them. The key to satisfying them is the elimination of human intervention.8. Tempo's Asian market lead is now in place and will be operating out of Singapore.
Grayscale’s latest research report states that Grayscale Research Head Zach Pandl believes tokenized assets and decentralized finance (DeFi), among other blockchain applications, may experience growth as the CLARITY Act advances and related guidance from the U.S. Securities and Exchange Commission (SEC) becomes increasingly clear. Grayscale identifies Ethereum, Solana, BNB Chain, and Canton Network—currently dominant in on-chain financial activities—as likely to attract institutional capital first. The report notes that Ethereum, Solana, and BNB Chain lead in areas such as tokenized assets, stablecoins, and DeFi, while Canton Network also holds a significant share in the tokenized assets space.
UK police announced that five individuals have been sentenced in a “wrench attack” case targeting cryptocurrency holders. The suspects met the victim at a Shoreditch pub in London in July 2025 and forcibly took him to his home, where they used violence and threats—including coercing facial recognition verification—to compel him to access his bank and cryptocurrency accounts, stealing over £10,000 in cash, cryptocurrency, and watches. During the investigation, cryptocurrency exchange Coinbase reported suspicious activity on the victim’s account to the police, who subsequently identified and arrested the suspects. The court sentenced four principal offenders to prison terms ranging from three-and-a-half to six-and-a-half years, while a fifth individual received a community service order for money laundering. Police stated that the incident inflicted long-term psychological trauma on the victim and his family, highlighting the rising risk of offline violent crime targeting cryptocurrency asset holders.
Kalshi and Polymarket have lost their bid to block gambling-related lawsuits filed by the states of Nevada and Washington. A panel of the U.S. Ninth Circuit Court of Appeals stated that federal derivatives regulation does not automatically shield prediction market platforms from enforcement of state gambling laws.The appeals court rejected the companies' request to halt the remand of the disputes back to state courts, with the judge stating that Kalshi and Polymarket failed to prove their claim that the cases fall under federal jurisdiction. This ruling deepens the legal divide over whether sports event contracts offered by prediction market companies are federally regulated derivatives or illegal gambling products under state law. (financefeeds)
The U.S. Court of Appeals for the Ninth Circuit rejected requests from Kalshi and Polymarket, allowing gambling-related cases against the two prediction market platforms in Nevada and Washington state to move forward, and remanded the cases to state court.The court ruled that the two companies failed to demonstrate that the cases should be under federal court jurisdiction. The platforms' assertion that the Commodity Exchange Act has preemptive effect is not sufficient to automatically establish federal jurisdiction.Kalshi and Polymarket previously argued that contracts on events such as sports and politics are federal derivatives regulated by the CFTC, and that states have no authority to enforce gambling laws against them. However, Nevada and Washington state contend that such contracts constitute unlicensed gambling products.This ruling highlights a growing divide among U.S. courts over whether prediction markets qualify as federally regulated swap contracts or as illegal gambling products under state law.
the U.S. House of Representatives has introduced a new bipartisan bill, the "American Reserve Modernization Act of 2026" (ARMA), which aims to include Bitcoin held by the U.S. government in a strategic reserve and requires a minimum 20-year lock-up period.Unlike the previously proposed BITCOIN Act, the new bill no longer requires the U.S. government to purchase 1 million BTC. Instead, it primarily incorporates Bitcoin already held or acquired in the future through means such as criminal and civil forfeitures into the reserve. Additionally, the bill will establish a separate Digital Asset Stockpile to manage non-Bitcoin crypto assets held by the federal government.According to the draft, Bitcoin entered into the strategic reserve shall not be sold, exchanged, auctioned, hypothecated, or otherwise disposed of for 20 years. After the lock-up period ends, the Secretary of the Treasury may recommend selling up to 10% of the reserve assets within any two-year period.The bill also requires the government to publish quarterly reserve proofs and conduct third-party audits of its Bitcoin holdings. Supporters argue that the U.S. should not sell strategic digital assets but should hold them long-term as part of a modernized national reserve system.
Regarding the China Securities Regulatory Commission’s (CSRC) notice on rectifying illegal cross-border securities, futures, and fund-related activities and associated penalties, Wang Shan, Chief Operating Officer of Tiger Brokers (Hong Kong) Global Limited, stated that the company is aware of the notice issued by the CSRC. The company clarified that the notice does not directly apply to its Hong Kong entity, which is a licensed corporation holding a license issued by the Securities and Futures Commission (SFC) of Hong Kong, operating independently and subject to SFC supervision. (Yicai)
According to Wall Street Insights, Futu Holdings disclosed that it has received investigation notices and a pre-notification letter of administrative penalties from the China Securities Regulatory Commission (CSRC) and its Shenzhen Branch. The CSRC stated that certain Futu-affiliated companies in mainland China and Hong Kong conducted securities business, public fund sales business, and futures business in mainland China without obtaining the required licenses or approvals, allegedly violating the Securities Law, the Securities Investment Fund Law, and the Futures and Derivatives Law. The CSRC intends to order the relevant companies to rectify or cease such activities, confiscate unlawful gains, and impose fines totaling approximately RMB 1.85 billion. Additionally, the CSRC intends to impose a fine of RMB 1.25 million on Li Hua, Futu’s founder and CEO.