Illinois has agreed to postpone its newly implemented 0.2% cryptocurrency tax for six months, following negotiations between state officials and industry groups aiming to resolve ongoing legal challenges over its constitutionality and enforceability.
In the first half of this year, the sector poured millions into lobbying, with most of it tied to pushing the U.S. market structure bill to a goal it never reached.
Despite a rising U.S. Dollar Index, bitcoin's price correlation with the dollar remains weak, with DXY explaining only 17% of BTC's daily price moves, supporting bitcoin's role as a portfolio diversifier.
Bitcoin continues to outperform traditional assets, surging over 40% this quarter and approaching the $100,000 mark as technical patterns suggest a potential breakout from the $80,000 resistance level.
Interviews with industry participants and legislative aides paint a picture of a blown bill-writing process, with sources pointing to nearly every facet of the bill's development and the debate around it as contributing factors to this month's failed vote.
Blockchain Association CEO Summer Mersinger is stepping down after the failure of the Digital Asset Market Clarity Act, with founding CEO Kristin Smith returning as interim leader.
A Sixth Circuit panel ruled that Kalshi's sports event contracts are not swaps, placing them under state gaming laws instead of federal CFTC oversight, adding to a growing circuit split that may prompt Supreme Court review.
SEC Commissioner Hester Peirce, known as 'Crypto Mom,' will leave the agency on Oct. 2 after years advocating for clearer digital asset regulations, even as the SEC releases new crypto policy guidance.
Bitcoin has surged 44% this quarter to nearly $85,000, prompting $2.4 billion in realized profits, though this is well below the $7-10 billion seen at prior market peaks. Meanwhile, ETF inflows remain strong and Ether shows bullish signals with significant exchange outflows.
The U.S. Federal Reserve has advanced two regulatory proposals to implement the GENIUS Act, focusing on stablecoin oversight and yield restrictions, with public comment periods now open.
New York has filed a lawsuit against Polymarket, accusing the prediction market platform of operating an unlicensed gambling business in the state and seeking to halt its activities without a gambling license while reclaiming alleged illegal profits.
Tron launched as a content-distribution project and has become the settlement layer for a large share of the world's USDT, processing roughly $150 billion to $190 billion of stablecoin transfers a week. Josh Olszewicz of Canary Capital breaks down how the network's economics work and what stablecoin regulation could do to the thesis.
Senator Cynthia Lummis said the crypto industry should "pin it on the Democrats" in her first public remarks after last week's failed Clarity Act vote.
The CFTC warned that prediction-market contracts tied to a specific person's statements or actions are especially prone to manipulation and outlined criteria for allowing such markets to operate.