Politics, Legal & Regulation

Policy and regulations impacting innovations in Finance.

New York Regulators Target Prediction Markets Platform Kalshi Platform in Illegal Gambling Lawsuit

New York regulatory authorities have taken legal action against the prediction markets operator Kalshi, accusing it of running an unlicensed gambling business within the state. On July 31, 2026, Governor Kathy Hochul and Attorney General Letitia James announced that the state filed a petition against… Read More

FCA Shares Update on Stablecoin Sprint

Earlier this year, the UK Financial Conduct Authority (FCA) completed a “Stablecoin Sprint” to better understand the emerging digital currency market. The initiative included about 75 participants, including traditional finance and Fintechs, addressing payments and transfers. This past week, the regulator provided an update on… Read More

SEC Small Business Capital Formation Advisory Committee (SBCFAC) to Revisit Improvements to IPO Market Following Shortened Meeting

The Securities and Exchange Commission, Small Business Capital Formation Advisory Committee (SBCFAC), will continue its discussion on initial public offerings (IPOs) next week due to a truncated meeting that took place on July 21st. The meeting, which will be livestreamed on the SEC website, will… Read More

SEC Small Business Forum Recommends Raising Reg CF Funding Cap to $20 Million, Other Key Changes to Improve Access to Capital

The Securities and Exchange Commission held its annual Small Business Forum back in March of this year. This past week, the SEC published recommendations from participants in the gathering. These recommendations are available here. Several of the suggestions impact online capital formation, including Reg CF…. Read More

SEC Small Business Forum Publishes Annual Report on Capital Formation

The Securities and Exchange Commission has published its annual report derived from its 45th Small Business Forum. Hosted by the Office of the Advocate for Small Business Capital Formation, the report is based on a meeting held this past March. While frequently the recommendations provided… Read More

The CLARITY Act: Banks Have a Simple Way to Beat Crypto Firms and Stablecoin Issuers: It’s Called Competition.

Mr. Potter Banker Banking (1)

The banking industry continues to pound away at the CLARITY Act, the crypto infrastructure legislation that will set the path for the US to dominate the global digital asset industry. The banking industry’s opposition to the bill is based on FUD. There is a simple… Read More

EU Includes Crypto Platform HTX in Latest Russia Sanctions Package, Imposing Transaction Ban from Late August

The European Union has expanded its restrictive measures targeting Russia’s financial networks by adding the cryptocurrency platform HTX to a list of entities facing transaction prohibitions. This step forms part of the bloc’s 21st sanctions package against Russia, adopted in response to the ongoing conflict… Read More

Russia Accuses Telegram Founder Pavel Durov of Aiding Terrorism and Issues Arrest Warrant

Russia’s Federal Security Service has formally accused Pavel Durov, the founder of the popular messaging platform Telegram, of facilitating terrorist activities and has issued an international arrest warrant for him. On July 29, 2026, the FSB announced that Durov, who heads Telegram’s administration, faces charges… Read More

State Attorneys General Challenge CFTC Authority Over Sports Prediction Markets

A bipartisan alliance of attorneys general from 44 states has formally challenged the Commodity Futures Trading Commission’s (CFTC) efforts to oversee sports-linked prediction markets, asserting that the agency possesses no legal power to do so. In a detailed comment letter submitted as the public feedback… Read More

Truflation Reports 0% PCE Inflation Month Over Month, 3.3% for the Year

As the US Federal Reserve, Federal Open Market Committee (FOMC) meets today to determine benchmark rates, alternative inflation measure Truflation is out with a report on what its data indicates. Truflation’s June PCE forecast projects flat headline inflation of 0.0% month-on-month and 3.7% year-on-year. Core… Read More

US Federal Reserve Expected to Announce “Hawkish Hold” Today

The US Federal Reserve, Federal Open Market Committee (FOMC) will announce its rate decision later this afternoon. Market observers believe the Fed will not change rates, with one strategist predicting a “Hawkish Hold” even as the conflict in the Middle East expands. Matthew Ryan, Head… Read More

New York AG Letitia James Cautions the CLARITY Act Risks Diluting States’ Power to Prosecute Crypto Fraud Amid Rising Pressure

New York Attorney General Letitia James has voiced strong concerns about the Digital Asset Market Clarity Act, commonly known as the CLARITY Act, arguing that the federal proposal risks weakening the capacity of states to combat cryptocurrency-related fraud and protect investors. In written testimony submitted… Read More

Senate Majority Leader Thune Says the CLARITY Act Should See Vote Before Recess

Senate Majority Leader John Thune was on Hannity last night on Fox News, where he discussed pending legislative actions in the Senate. One of the top legislative ambitions is the SAVE Act, a bill that would require proof of citizenship to vote in elections, an… Read More

Securitize Strengthens Regulated Tokenization Platform via SEC Investment Adviser Registration

Tokenization-focused Securitize (NYSE: SECZ) has taken another significant step in building out its compliance infrastructure. On July 27, 2026, the company announced that its subsidiary, Securitize Capital LLC, has successfully registered with the U.S. Securities and Exchange Commission as an investment adviser. This development expands… Read More

SEC To Examine Shift Towards 24-Hour US Stock Trading

The U.S. Securities and Exchange Commission (SEC) will hold a public roundtable in September to discuss preparations for round-the-clock trading in American equities, as exchanges and brokers move to give global investors nearly continuous access to the world’s largest stock market. The Sept. 17 roundtable… Read More

FATF Publishes Report on Decentralized Finance (DeFi), One Prominent Insider Says Report Falls Short

Following a targeted report on VASPs and digital assets, the FATF [Financial Action Task Force], a global coordinator of financial standards and illicit activity, has filed a report on decentralized finance, or DeFi. FATF standards are followed, and at times adhered to, by approximately 200… Read More

NFL Presses CFTC for Stronger Safeguards on Sports Prediction Markets

The National Football League (NFL) has formally urged the Commodity Futures Trading Commission (CFTC) to significantly tighten its proposed framework governing sports-related event contracts, arguing that the current draft falls well short of safeguards needed to protect game integrity and market participants. In a letter dated… Read More

Decentralized Cloud Storage Network Provider, Storj Labs, Files for Bankruptcy

Storj Labs, the company operating a decentralized cloud storage network, has initiated a voluntary Chapter 11 bankruptcy proceeding as part of a planned financial restructuring. The filing took place on July 26, 2026, in the United States Bankruptcy Court for the Northern District of West… Read More

US Federal Judge Blocks Minnesota Prediction Market Ban in Significant Win for Polymarket and Kalshi

A federal judge has issued a preliminary injunction that blocks Minnesota from enforcing its newly enacted prohibition on prediction markets, delivering a major win to platforms including Polymarket and Kalshi just days before the measure was set to take effect.U.S. District Judge Katherine Menendez of… Read More

Apex Fintech Must Rehire Engineer Fired for Criticizing DEI Efforts, NLRB Judge Rules

A National Labor Relations Board administrative law judge has determined that a financial technology firm unlawfully dismissed a data engineer after he posted public criticism of the company’s diversity, equity, and inclusion programs on social media. The ruling requires the company to restore the worker… Read More

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