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US CFTC files request to delete Gemini settlement, which it no longer considers fair

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The US Commodity Futures Trading Commission wants to tear up the remnants of an old dispute with crypto exchange Gemini, with the agency insisting its own employees’ claims about Gemini’s misleading statements were not properly handled. The CFTC filed a request along with Gemini in federal court to overturn a settlement secured early last year, […]

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Mastercard secures New York BitLicense to support stablecoin and digital payment infrastructure

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Mastercard has received a BitLicense from the New York State Department of Financial Services (NYDFS), giving the payments giant approval to conduct digital asset activities under one of the strictest cryptoregulatory frameworks in the United States. The company announced Wednesday that Mastercard Transaction Services (US) LLC secured the license as part of its broader push

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Major crypto exchanges increase transfer controls with HTX over UK sanctions

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Several major cryptocurrency exchanges warned users this week that transfers involving HTX may face additional compliance checks after Britain sanctioned the exchange over alleged ties to Russian financial networks. The UK government added HTX to its Russian sanctions list as part of a wider package targeting entities accused of aiding sanctions evasion and illicit financial

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Google engineer insider traded search results on Polymarket, Feds allege

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A Google security engineer, Michele Spagnuolo, was arrested and charged with alleged insider trading by placing bets on Polymarket about what Google users searched for, US officials claimed on Wednesday. According to a complaint unsealed by the U.S. Attorney’s Office for the Southern District of New York, Spagnuolo used “substantial non-public information” to place bets

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Crypto cash backs potential new allies in Congress as industry PAC presence expands

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The U.S. cryptocurrency industry has been flexing its campaign funding to help unseat veterans and elevate new allies in Texas and other states as the congressional midterm season approaches in full swing, though the arrival of new political action committees may call the sector’s careful bipartisanship into question. Fairshake remains an unrivaled conduit for millions

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Crypto’s biggest exchanges are pushing back on token disclosure standards as the industry addresses institutional capital

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Coinbase, Kraken, Binance.US and more than 40 crypto firms on Wednesday launched an industry alliance supporting standardized token disclosures, an effort to bring stock market-like transparency to digital asset markets where investors often have limited insight into what they are buying. The Transparency Alliance, organized by Blockworks, will use the company’s Token Transparency Framework as

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DTCC taps Stellar (XLM) for tokenized securities network in latest Wall Street blockchain push

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The Depository Trust & Clearing Corporation (DTCC), Wall Street’s clearinghouse, said Wednesday it plans to connect its tokenized securities platform to the Stellar (XLM) network, expanding a broader effort by Wall Street firms to move traditional financial (TradFi) assets onto blockchain rails. Tokenized assets held by DTCC’s Depository Trust Company may become available on Stellar

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Wall Street gets new crypto rival after Texas Bank completes regulatory pivot

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A forty-year-old Texas bank is entering the national stage to challenge Wall Street’s efforts to seize the digital asset industry. United Texas Bank (UTB) secured approval from the Office of the Comptroller of the Currency (OCC) to convert from a state-chartered financial institution to a nationally chartered bank on May 15, Scott Beck, president and

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