Politics, Legal & Regulation

Policy and regulations impacting innovations in Finance.

Washington State Judge Issues Preliminary Injunction Against Kalshi’s Sports Prediction Markets, Emphasizing Local Gambling Oversight

A Washington court has temporarily blocked Kalshi from offering sports-related contracts to users in the state. The decision, handed down on July 21, 2026, by King County Superior Court Judge John McHale, concludes that the platform’s sports event products likely constitute unlicensed gambling under Washington… Read More

SEC Charges Florida Resident and Company in Alleged Crypto Mining Investment Fraud

The US Securities and Exchange Commission (SEC) has taken legal action against a Florida man and his associated business for their alleged involvement in a substantial cryptocurrency mining fraud that targeted hundreds of investors. According to the regulator, the scheme raised around $22 million by… Read More

Innovate Finance Comments on New PM Andy Burnham, Cabinet and Fintech

The new Prime Minister, Andy Burnham, raises many questions for the entrepreneurial class, including the key Fintech sector. Innovate Finance, an advocacy group supporting innovation in financial services, has distributed an email sharing thoughts on the new government. Many pundits note that Burnham will swing… Read More

French Regulators Ordered Internet Providers to Restrict Polymarket Access Before World Cup Final

French gambling authorities took decisive action in order to cut off access to a major international prediction trading platform. On July 16, the president of the Autorité Nationale des Jeux (ANJ) instructed domestic internet service providers to block the site entirely, citing its promotion of… Read More

Singapore Regulator Issues New Audit Guidelines for Payment Service Providers

The Monetary Authority of Singapore (MAS) has issued new guidelines setting out its expectations for the annual audit of payment service providers (PSPs), requiring licensed firms to strengthen oversight of risk management, regulatory compliance, and controls as the city-state’s digital payments sector expands. The Guidelines… Read More

One Year Anniversary of the GENIUS Act Becoming Law: Still Waiting on the CLARITY Act

The GENIUS Act, which became law a year ago this past week, was a landmark event for the burgeoning digital asset industry. Regulated “payment stablecoins” have been approved for issuance and usage in the United States, paving the way for faster, less expensive, and more… Read More

John Healey to Replace Rachel Reeves as Chancellor in Burnham Government

According to reports, John Healey, the former Defense Secretary who resigned from the Starmer government last month, has been selected to replace Rachel Reeves as Chancellor of the Exchequer. John Burnham has taken over as Prime Minister, and he has quickly moved to oust Starmer loyalists…. Read More

American Fintech Council Asks Oregon to Reconsider Proposed Rules for Buy Now, Pay Later (BNPL) Providers

The American Fintech Council (AFC) has sent a comment letter to the Oregon Department of Consumer and Business Services (DCBS), Division of Financial Regulation, asking for a “more tailored” regulatory treatment of buy now, pay later (BNPL) providers. Currently, Oregon intends to treat these platforms like… Read More

The GENIUS Act Deadline Passes Without Final Stablecoin Rules from US Regulators

Federal banking and financial regulators have allowed the statutory one-year period for completing implementing regulations under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act to lapse without delivering finalized rules. July 18, 2026—one year after the law’s enactment—passed without the full set… Read More

SEC SBCFAC to Meet to Review Modernizing IPOs, Capital Formation

The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC) will meet this week to discuss initial public offerings (IPOs) and capital formation. Part of the broader ambition of making IPOs “great again,” as well as improving access to capital, including online… Read More

FTX Bankruptcy Proceedings Enter Next Phase with $900 Million Creditor Distribution

The estate of the collapsed crypto exchange FTX is set to release approximately $900 million to eligible claimants in what represents its fifth major wave of repayments. This development, detailed in a recent announcement, highlights the continued progress in addressing obligations stemming from the exchange‘s… Read More

FATF Releases Targeted Update on Virtual Assets : Steady Progress Amid Persistent Gaps and Evolving Threats 

Criminal organizations continue to leverage virtual assets (VAs) for cross-border movement of illicit proceeds, capitalizing on inconsistencies in global oversight and incomplete adoption of international guidelines. In response, the Financial Action Task Force (FATF) has issued its latest assessment, underscoring both advancements and critical shortcomings… Read More

Triple-A Secures In-Principle Approval from Dubai’s VARA for Broker-Dealer Operations 

Singapore-based digital payments Fintech Triple-A has taken a major step forward in its Middle East expansion by obtaining in-principle approval (IPA) from the Virtual Assets Regulatory Authority (VARA) in Dubai. This milestone positions the company to offer regulated broker-dealer services involving virtual assets once it… Read More

House Subcommittee on Digital Assets Holds Field Hearing on the CLARITY Act, No Democrats Show Up

Today, the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence held a “field hearing” (in New York City) on the CLARITY Act – pending legislation that was approved in the House last year but remains in legislative purgatory in the Senate…. Read More

Tokenization Could Add Hundreds of Billions of Pounds of Value to the UK economy by 2035

This week, the UK government published its strategy for wholesale financial markets and its digital asset strategy. HM Treasury outlined a path to remove barriers and acknowledged the need to update regulations. The goal is to seek greater efficiency, lower costs, improved liquidity/resilience, better support… Read More

US Senate Passes Resolution Stating FTX Founder Sam Bankman Fried Should Never Receive a Pardon

Yesterday, the US Senate passed a Resolution (S.Res. 772) stating that FTX founder and former CEO Sam Bankman-Fried should never receive a Presidential Pardon. Bankman-Fried is currently in prison serving a 25-year sentence for fraud following the collapse of his businesses. It has been rumored… Read More

Stalled CLARITY Act Gets Presidential Treatment as White House Meeting Scheduled for Today

President Donald Trump is scheduled to meet with legislators today to discuss the CLARITY Act, the stalled crypto market infrastructure legislation. The legislation was approved by the Senate Banking Committee, but a floor vote on the bill has yet to arrive. While the CLARITY Act… Read More

Transatlantic Taskforce for Markets of the Future: Joint UK – US Statement Issued on Stablecoins

Yesterday, the Transatlantic Taskforce for Markets of the Future issued a statement on an ongoing initiative for the United Kingdom and the United States to coordinate the developing digital asset regulatory environment. By working together, two leading financial jurisdictions can guide the rest of the… Read More

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