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Regulation/Compliance

News linked to both this project and an event.

Tether-compliant stablecoin USAT launches on Celo, marking its second mainnet deployment after Ethereum

the token is issued by Anchorage Digital Bank, can be natively minted and redeemed on Celo, and can be directly used to pay on-chain gas fees via Celo's fee abstraction mechanism. USAT went live in January this year and currently has a market cap of approximately $185 million.

44 State Attorneys General Send Joint Letter to CFTC: Regulatory Authority Over Sports Prediction Markets Does Not Belong to Federal Government

According to The Block, 44 state attorneys general led by Ohio Attorney General Andy Wilson jointly submitted a public comment letter to the Commodity Futures Trading Commission (CFTC), stating that the CFTC's proposed rules exceed the authority granted by the Commodity Exchange Act and requesting them to redraft new rules compliant with the Constitution. The letter emphasized that sports betting has historically fallen under state-level regulatory jurisdiction, and the federal government has never intervened. Meanwhile, the NFL also wrote to CFTC Chairman Michael Selig, requesting to curb the expansion of sports prediction markets, arguing that the current proposed rules are insufficient to protect the integrity of events. Currently, the legal battle between states and the CFTC continues to intensify: a Minnesota court ruled to suspend the enforcement of the state's prediction market ban, allowing Kalshi and Polymarket to continue operations; however, a New York federal judge again refused to block New York State from enforcing gambling laws against Kalshi, and Michigan and Washington states have also issued temporary injunctions restricting Kalshi from conducting sports event contract business locally.

NFL 致函 CFTC 主席,要求强化体育预测市场监管规则

据 The Block 报道,美国国家橄榄球联盟(NFL)于 7 月 27 日向 CFTC 主席 Michael Selig 发函,回应 CFTC 近期发布的预测市场监管草案,要求在多个关键领域予以强化。NFL 在信中强调,保护比赛完整性是其首要优先事项,并呼吁 CFTC 收紧对易被操纵、依赖裁判自由裁量或结果可提前知晓的高风险合约的定义。 此外,NFL 还对 10 天预审批窗口期过短表示异议,要求明确内幕交易禁令,建立强制性"联盟专属禁止投注者"名单,并重申此前提出的禁止保证金交易、限制广告投放、设定 21 岁年龄门槛等消费者保护建议。

LayerZero Partners with Keeta to Support Cross-Chain Transfers of Tokenized Bank Deposits

LayerZero has announced a partnership with Keeta to support the transfer of tokenized commercial bank deposits across public chains including Keeta Network, Ethereum, Solana, and Base, aiming to provide institutional cross-chain settlement infrastructure.According to the announcement, the two parties will combine LayerZero's omnichain interoperability protocol with Keeta's compliance infrastructure to support institutions in fund management and payment operations. The newly introduced Keeta Stablecoins are backed by commercial bank deposits custodied by Bivo, a licensed fintech platform in the United States. Unlike traditional stablecoins, they correspond to real commercial bank deposits and allow the issuer to maintain control over the contract through LayerZero's Omnichain Fungible Token (OFT) standard.Keeta Stablecoins will launch later this month, initially supporting the US dollar, with future expansions to include the Euro, Japanese Yen, Chinese Yuan, British Pound, Canadian Dollar, Mexican Peso, UAE Dirham, Hong Kong Dollar, and other fiat currencies. (The Block)

US Senate Releases Updated Clarity Bill, Incorporating Developer Protection and Digital Asset Ethics Provisions

According to The Block, Senate Republicans have released the latest text of the Clarity Act, consolidating previous versions from the Agriculture Committee and the Banking Committee, with plans to submit it for a full Senate vote as early as next week.

US Prosecutors Seek to Forfeit Over $25 Million in Fraud-Related Crypto Assets

According to The Block, U.S. prosecutors are seeking to forfeit over $25 million in crypto assets related to an international fraud investigation.

Bitget CEO: Company Will Enter the US Market Regardless of Whether the Clarity Act Passes

Bitget CEO Gracy Chen stated that regardless of whether the US Clarity Act is passed, Bitget has decided to enter the US market. She mentioned that Bitget is reassessing and restarting its US expansion plans, and will obtain the necessary money transmission licenses, derivatives, and broker-dealer permits in the US before launching services, as well as establish an independent US entity.Additionally, she revealed that Bitget has engaged in discussions with the New York Stock Exchange (NYSE) and Nasdaq to explore cooperation in promoting the distribution of tokenized traditional assets (RWA), viewing both exchanges as potential partners. (The Block)

The Digital Chamber sues Illinois over upcoming crypto transaction tax

: The Digital Chamber (TDC), a crypto industry trade organization, has filed a lawsuit in an Illinois state court opposing the state's upcoming 0.2% digital asset transaction tax. The tax policy has been signed by Illinois Governor JB Pritzker and is scheduled to take effect in January 2027. TDC is asking the court to declare the law "invalid and unenforceable," arguing that it violates the U.S. Constitution, and is seeking related relief from the court. (The Block)

英国议会数字资产跨党派小组启动加密行业银行服务准入调查

据 The Block 报道,英国议会数字资产跨党派小组已就本地加密行业的银行服务准入问题启动调查。此次调查将重点审视加密企业在开立和维持银行账户方面面临的困难,以及银行对加密交易设置限制的相关情况。

特朗普同意伦理条款,《Clarity法案》推进参议院表决进程

据 The Block 报道,知情人士称,特朗普已同意加密货币立法中的伦理条款,为《Clarity 法案》继续推进扫清最后主要障碍。该法案拟首次在联邦层面对数字资产行业建立全面监管框架,并划分美国证券交易委员会与美国商品期货交易委员会的监管权限。

Bernstein: Crypto-style derivatives have already entered the AI compute market, while CME and ICE futures still await approval.

According to The Block, Bernstein stated that before the compliant computing power futures planned by CME Group and Intercontinental Exchange are approved, AI computing power derivatives adopting crypto market mechanisms have already launched. Currently, Architect's offshore trading platform AX has launched GPU perpetual futures, while Kalshi has listed GPU rental price event contracts regulated by the U.S. Commodity Futures Trading Commission.

US Crypto Legislation Reaches Critical Juncture, Trump Conflict of Interest Ethics Clauses Become Biggest Obstacle

According to The Block, U.S. "Clarity Act" crypto legislation has entered a critical phase, with Representative William Timmons stating, "Legislation will definitely be completed; this is one of the president's priorities and also a bipartisan consensus." Senate Majority Leader John Thune hopes to complete the Senate vote before the recess on August 7, but even if passed by the Senate, the bill still needs to return to the House of Representatives for deliberation, and the overall timeline may extend into the coming months. The current main point of contention lies in the ethics clauses regarding how to restrict federal officials, such as the President, Vice President, and members of Congress, from benefiting from digital assets during their term. Trump, Republican Senators Bernie Moreno and Cynthia Lummis, along with White House Chief of Staff Susie Wiles, held a meeting on Thursday afternoon regarding the ethics clauses, seeking Trump's endorsement. Democratic Senator Ruben Gallego stated that if the ethics clauses do not meet standards, Democrats will not vote in support. Blockchain Association CEO Summer Mersinger is cautiously optimistic about the bill's prospects but warned that if prediction market-related amendments are included, they will become a "poison pill" and should be addressed through separate legislation.

A crypto investor from South Dakota, USA, faces 29 charges for an alleged $20 million fraud scheme

U.S. prosecutors have disclosed that a federal grand jury has indicted Benjamin Paul Wiener, a crypto investor from Sioux Falls, South Dakota, on 29 criminal charges, including wire fraud, money laundering, bank fraud, and aggravated identity theft, involving approximately $20 million.According to the indictment, Wiener, 43, is accused of inducing investors, through false statements, to invest funds and digital assets into multiple companies under his control, with victims spanning South Dakota and Minnesota and involving dozens of investors. Prosecutors allege that after obtaining the funds, Wiener transferred assets through banks and cryptocurrency exchanges to conceal the source, ownership, and control of the funds, and used part of the money for personal expenses.Prosecutors further allege that when cash flow became tight or investors demanded redemptions, Wiener would recruit new investors and use the incoming funds to repay earlier investors, with the operation resembling a Ponzi scheme. It is reported that he utilized eight companies, including multiple LLCs, to carry out these activities.Additionally, Wiener is accused of fabricating documents and communication records in April 2025, and using another person's identity to fraudulently obtain a $1 million line of credit from a financial institution in Sioux Falls.Wiener appeared in court on July 10 and pleaded not guilty to all charges. He was released after posting bail. The trial is expected to begin on September 15. Under U.S. law, wire fraud and money laundering carry a maximum sentence of 20 years in prison, bank fraud carries a maximum of 30 years, and aggravated identity theft carries a mandatory consecutive sentence of at least two years. The IRS Criminal Investigation (IRS-CI) and the Federal Bureau of Investigation (FBI) are jointly investigating the case. (The Block)

Trump to Meet with Lawmakers on CLARITY Act Ethics Provisions

Odaily President Trump will meet on Thursday with Republican Senators Bernie Moreno and Cynthia Lummis, along with White House crypto policy advisor Patrick Witt and White House Chief of Staff Susie Wiles, to focus on the ethics provisions in the CLARITY Act. These provisions are considered one of the main obstacles to advancing the crypto market structure bill.Kristin Smith, President of the Solana Policy Institute, stated, "The purpose of the meeting is to present some proposals on the ethics issue to Trump and hope to gain his support. I believe this is a very positive signal." She described the meeting as crucial for pushing the CLARITY Act through.Earlier, it was disclosed that Trump family-backed World Liberty Financial had received hundreds of millions of dollars in crypto-related revenue, raising concerns among Democrats about potential conflicts of interest. (The Block)

Tradable plans to bring $1 billion worth of private credit assets to Stellar

According to The Block, tokenization platform Tradable plans to bring up to $1 billion worth of private credit assets onto Stellar. Tradable stated that this move will leverage Stellar's infrastructure advantages in compliance, cross-border settlement, and institutional adoption to facilitate the connection between traditional asset management and blockchain infrastructure.

CFTC Orders Kalshi to Fulfill Michigan Trades; Federal-State Regulatory Authority Dispute Continues to Escalate

According to The Block, the U.S. Commodity Futures Trading Commission (CFTC) officially ordered prediction market platform Kalshi on July 14 to honor all trades involving Michigan residents, directly countering a 14-day injunction previously issued by a Michigan court—which required Kalshi to stop offering sports-related event contracts and cancel some executed trades. CFTC Chairman Michael Selig stated that state governments lack the authority to compel registered Designated Contract Markets (DCMs) to violate federal obligations, as forcibly canceling executed trades would create a ripple effect across the entire market, severely undermining market contractual certainty. Michigan Attorney General Dana Nessel, however, maintained that Kalshi is essentially an unauthorized online gambling platform and that state gambling laws apply to it.

U.S. and UK Treasuries Release Joint Statement and Recommendations to Promote Stablecoin Innovation

The U.S. Department of the Treasury and the UK's His Majesty's Treasury have issued a joint statement and recommendations as part of the "Transatlantic Working Group for Future Markets." The working group recommends that the Bank of England, the FCA, along with the U.S. CFTC and SEC, develop regulatory frameworks for tokenized assets while requiring the FCA and SEC to explore measures to facilitate cross-border financing. In terms of specific recommendations, both the U.S. and UK propose: supporting the development of stablecoins, tokenized deposits, and similar digital assets; promoting market competition and innovation; and establishing higher standards for asset custody, reserve segregation, and consumer protection. (The Block)

Czech Republic Lists Polymarket as Unauthorized Internet Gaming Platform, Orders ISPs to Block Access Within 15 Days

on July 13, the Czech Ministry of Finance added Polymarket to its list of unauthorized internet gaming platforms, identifying it as an unlicensed gambling platform. Internet service providers are required to block access to the platform within 15 days. The Czech Institute for Gambling Regulation stated that Polymarket settles payments using the USDC stablecoin and operates as a decentralized exchange, without providing services through licensed local operators. The institute noted that several EU countries have recently restricted or blocked Polymarket; Italy has reinstated it on the blocklist, while the Netherlands has dismissed the platform's appeal. Separately, this month, the EU market regulator ESMA warned that event contracts meeting the definition of financial instruments are already prohibited from being sold to retail investors under existing binary options rules. Gibraltar has introduced a dedicated regulatory framework for prediction markets this week, while Malta has indicated it is exploring a similar regime. (Bitcoin.com News).

Mizuho Analyst: Circle's Trust Bank Approval Unlikely to Resolve USDC Market Share Decline Dilemma

According to The Block, Mizuho Bank analysts noted that while Circle's approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank helps enhance its compliance credibility, it is insufficient to resolve current core pressures—the continued shrinkage of USDC market cap and increasingly fierce competition from Open USD—which still constitute a significant drag on $CRCL stock price.

SBI Holdings: Advancing On-Chain Transformation, Deploying "Token Economy" End-to-End Services

According to The Block, Japanese financial group SBI Holdings has recently made a series of aggressive moves, completing multiple major crypto investments in succession: exclusively investing $125 million in Gauntlet's Series C, $76 million in EDX Markets' Series C, spending approximately $289 million to acquire Japanese crypto exchange Bitbank, and taking a stake in Singaporean exchange Coinhako. In addition, SBI also participated in Digital Asset's $355 million financing, Morpho's $175 million token round, and Circle's $222 million token presale, and launched Japan's first trust bank-backed yen stablecoin, JPYSC. SBI stated that the company is driving the group's overall on-chain transformation, aiming to provide end-to-end services across exchanges, asset tokenization, market platforms, and other segments, to position itself ahead of the upcoming "token economy" era. Analysts point out that SBI is building Asia's first scaled on-chain asset management business; its strategic core is not purchasing crypto exposure, but controlling the infrastructure of the next-generation financial system. On the regulatory front, the Japanese parliament is advancing legislation to include cryptocurrencies as regulated financial instruments, and plans to significantly reduce the capital gains tax on crypto assets from 55% to 20% by 2028, aligning it with stocks and bonds, providing policy support for institutional entry.