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Regulation/Compliance

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Analysts: Bessent's Economic Measures on Iran More Like Theatrics

US Treasury Secretary Bessent announced efforts to apply economic pressure on Iran but did not specify the concrete implementation pathway, framing it merely as a warning and urging countries to cut off ties with Iran. Multiple analysts and research institutions pointed out that the policy lacks substantive action, appearing more like political theater.

US Service Members' Polymarket Bets Spark Controversy, Reigniting Debate Over Prediction Market Compliance

US Army soldiers face disciplinary action for betting on the prediction platform Polymarket, highlighting a compliance conflict between the US military's gambling ban and crypto prediction markets.

U.S. soldier accused of earning over $400,000 on Polymarket using non-public information, CFTC's attempt to intervene in criminal case faces opposition

Odaily News – Gannon Ken Van Dyke, a U.S. soldier, has been accused of using non-public information to trade event contracts on the prediction market platform Polymarket related to the removal of Venezuelan President Nicolás Maduro in January, earning over $400,000 in profits. U.S. authorities filed fraud charges against him in April.The U.S. Commodity Futures Trading Commission (CFTC) previously filed a civil lawsuit against Van Dyke, but a federal judge has ruled to stay the proceedings pending the outcome of the criminal case. The CFTC has filed a motion to submit an amicus brief, seeking to express its views on defense arguments such as whether event contracts qualify as "swaps" under its regulatory purview.Van Dyke's attorneys filed documents with the U.S. District Court for the Southern District of New York on Monday opposing the CFTC's intervention in the criminal case, arguing that the agency should directly confront its own case. Van Dyke has pleaded not guilty to all charges, and the criminal trial could begin as early as late 2026 or early 2027. (Cointelegraph)

U.S. Supreme Court Lifts Trump's Mail-in Voting Ban

The U.S. Supreme Court has granted the Department of Justice's emergency request to stay the lower court's injunction, allowing Trump to proceed with an executive order restricting mail-in voting. The ruling removes obstacles to implementation in 23 Democratic-led states and Washington, D.C., though related legal disputes will continue.

SEC Investigates AI Fund Situational Awareness Over Discounted Liquidation Incident

The U.S. SEC is investigating the near-collapse of AI hedge fund Situational Awareness and has issued subpoenas to related Wall Street banks. The fund previously managed over $30 billion in assets and was recently forced to liquidate its positions at a discount to Citadel due to market volatility.

Gemini plans to distribute crypto prediction market business through Apex

Cryptocurrency exchange Gemini has announced a partnership with Apex Fintech Solutions to become the exclusive regulated venue for crypto event contracts on its broker platform, aiming to leverage Apex's network to reach millions of investors.

US Supreme Court Overturns Multi-State Bans, Restores Trump’s Mail-In Ballot Executive Order

The U.S. Supreme Court ruled to overturn judicial injunctions from 23 states and Washington, D.C., lifting the block on Trump's executive order restricting mail-in voting. The ruling restores the legal effect of the executive measures.

Coinbase-backed PAC endorses 32 candidates for the 2026 midterm elections.

Stand With Crypto, a Coinbase-backed organization, has announced endorsements for 32 U.S. midterm congressional candidates, aiming to advance the passage of pro-crypto policies and influence federal digital asset legislation.

Bessent says US Treasury repo has not yet started, markets question inconsistent policy signals

US Treasury Secretary Bessent stated that U.S. Treasury buybacks have not yet commenced, with the first operation scheduled for September 9 and the minimum amount per transaction raised to $4 billion. His remarks were more restrained than previously stated, and he reiterated that long-term bond issuance will proceed according to the regular schedule.

Trump Criticizes Canadian Premiers' Remarks, Warns of Severe Penalties If Policies Are Not Adjusted

US President Trump publicly criticized Ontario Premier Ford's remarks, accused Canada of its long-standing reliance on the United States, and warned that failure to change related policies would lead to more severe consequences.

US equity exposure can now participate in DeFi on-chain, Coinbase natively launches tokenized stocks on Base

: Coinbase announced that its tokenized stocks have been natively launched on the Base chain, built on the B20 standard, with the underlying stocks actually held on a 1:1 basis by regulated custodian Alpaca through a bankruptcy-remote structure. Token holders directly own the corresponding stock ownership. Non-US users in globally compliant jurisdictions only need a wallet and an internet connection to gain US equity exposure without a brokerage account or waiting for settlement, and can trade in a 7×24 AMM pool. The first batch supports companies such as Apple and Nvidia. Tokenized stocks can be freely held, transferred, and traded, with no whitelisted wallets or platform lock-ups. Users can use tokenized Nvidia stock as collateral to borrow on Aave, or deposit Apple stock into a decentralized exchange to earn yield. Dividends and stock splits are handled through an on-chain multiplier mechanism. Ecosystem projects such as Aerodrome and Aave have publicly supported the B20 standard. Coinbase stated that more tokenized stocks will be listed in the coming weeks, and it will continue to bring other real-world assets on-chain.

US Treasury Secretary Bessent says he has laid the groundwork for Trump's goal of preventing Iran from acquiring nuclear weapons.

US Treasury Secretary Bessent stated that the relevant measures have laid the groundwork for President Trump's goal of preventing Iran from acquiring nuclear weapons, underscoring the US's hardline policy stance on the issue.

Canadian Prime Minister Carney Responds to Trump's Tariff Threats

Canadian Prime Minister Carney addressed Trump's latest tariff threats, noting that U.S. retaliatory measures were in line with expectations. The remarks focus on developments in U.S.-Canada trade policy, reflecting the policy maneuvering facing North American economic and trade relations.

Canadian Prime Minister Carney closely watches Trump's threat of 50% auto tariffs

Canadian Prime Minister Carney stated that he is closely monitoring the threat from U.S. President Trump to impose a 50% tariff on imported cars, with the remarks focusing on developments in North American trade policy.

CCI and Blockchain Association Sue Illinois Officials Over 0.2% Digital Asset Tax

Odaily News: Digital asset advocacy groups Crypto Council for Innovation (CCI) and the Blockchain Association (BA) have filed a lawsuit against Illinois officials, opposing the state's 0.2% cryptocurrency tax. The tax, expected to take effect in January 2027, is levied on transaction volume rather than income.The two organizations filed the complaint in the Seventh Judicial Circuit Court of Sangamon County, arguing that the tax violates the U.S. Constitution, the Illinois Constitution, federal and state due process laws, and the Internet Tax Freedom Act, and could result in double taxation. The complaint also states that the tax rules are overly vague, placing compliance burdens on residents and brokers while exposing them to civil and criminal penalties.Blockchain Association CEO Summer Mersinger stated that Illinois cannot implement a tax system that discriminates against digital commerce and increases uncertainty for consumers and businesses. The Digital Chamber filed a similar lawsuit in July over the same tax, claiming it discriminates against digital asset traders. (Cointelegraph)

Japan Plans to Cut Taxes on Sale of Non-Core Businesses to Boost M&A

According to sources, the Japanese government is considering adjusting tax policies to allow companies to apply for tax relief if they use proceeds from the sale of non-core businesses for reinvestment and acquisitions. This initiative aims to encourage enterprises to expand their core business scale through asset optimization and mergers and acquisitions.

Coinbase-affiliated Stand With Crypto begins positioning for the U.S. midterm elections, with Senate candidate endorsement list to be announced soon

Odaily News: Stand With Crypto, a cryptocurrency advocacy initiative led by Coinbase, has announced its formal endorsement of 32 House candidates, including both Democratic and Republican nominees. Among those endorsed are pro-crypto lawmakers such as Republican Representatives Tom Emmer and Bill Huizenga, as well as Democratic Representatives Ritchie Torres and Josh Gottheimer.The organization stated that it will release its list of Senate candidate endorsements as the U.S. midterm elections approach. The move comes as the Senate prepares to return to Washington next month for its first vote on the CLARITY Act (a crypto market structure bill). The legislation aims to further clarify the digital asset regulatory framework by delineating the respective responsibilities of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in overseeing the crypto market.Coinbase launched Stand With Crypto in 2023 with the goal of mobilizing pro-crypto voters and advocating for more favorable digital asset regulatory policies in the United States. (Reuters)

ZachXBT: BitcoinIRA and iTrustCapital Suspected of Experiencing Data Breaches This Year That Have Not Yet Been Publicly Disclosed

According to a post by ZachXBT, after reviewing relevant evidence, he stated that two U.S. investment platforms, BitcoinIRA and iTrustCapital, are suspected of having suffered data breaches this year, though neither appears to have publicly disclosed the incidents to date. The compromised data reportedly includes user profiles, portfolio holdings, banking information, custodian details, and verification statuses. ZachXBT noted that in June 2026, an attacker leveraged information from the relevant database to target a BitcoinIRA user, stealing more than $1.2 million in assets.

Aethir officially launches ACCELERATE program, securing 10 data center sites in the US and Europe, with a target contract scale exceeding $2 billion

Odaily News Aethir announced today the launch of the ACCELERATE strategic initiative, securing access to 10 AI data center sites across the US and Europe, with a total capacity of up to 20 megawatts. According to official disclosures, the total contract value of these sites will exceed $2 billion upon full completion, with an estimated contract value of up to $700 million expected to be finalized by the end of 2026. The sites will support NVIDIA B300 and GB300 clusters, with node scales ranging from 64 to 256 units, and deployment cycles measured in months—unlike the multi-year construction timelines of traditional data centers.Aethir also announced an update to its IDC tokenomics policy, introducing a burn mechanism and a floating platform fee. The Aethir Foundation holds equity in Axe Compute.

Hyperliquid is pushing to enter the US regulated market, potentially intensifying competition with platforms like Coinbase.

According to Fortune, Hyperliquid is accelerating its push into the US regulated market, with its affiliated publicly traded company, Hyperliquid Strategies, actively advancing its domestic compliance operations. Fortune noted that Hyperliquid has already established a strong market presence in perpetual contract trading and utilizes platform fee revenue to buy back and burn HYPE.