The U.S. Commodity Futures Trading Commission threw itself in between Michigan courts and prediction market firm Kalshi on Tuesday, issuing an order to disallow the company from meeting a local court demand that it cancel previous customer transactions. The CFTC move amplifies its legal fight… Read More
A group of crypto and Web3 firms that includes OKX, MetaMask, Matter Labs and Genlayer have formed the “Internet Court” to reach dispute resolutions between AI agents. These days, AI agents negotiate and pay one another without humans in the loop, but as with human-to-human… Read More
U.S. President Donald Trump said it was “critically important” that the CFTC keep “exclusive authority” over prediction markets, echoing CFTC Chair Michael Selig in a post on Truth Social, his social media platform, late Tuesday afternoon. “Under my leadership, we are setting ‘rules of the… Read More
Leading decentralized lending platform Aave has asked a U.S. federal court to block an attempt by victims of North Korean terrorism to seize about $71 million in crypto frozen after last month’s rsETH-related exploit, escalating a dispute that has already split Arbitrum’s governance. The filing,… Read More
US gaming lawyer Daniel Wallach says a Nevada state court-issued restraining order against Kalshi appears imminent, preventing it from offering sports-related contracts. A federal appeals court has cleared Nevada state authorities to enforce a temporary restraining order on Kalshi to block its sports event contracts.… Read More
This week saw the Second Circuit Court of Appeals hear arguments in Sam Bankman-Fried’s appeal of his criminal conviction. The three-judge panel appeared very skeptical of his attorney’s arguments. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government.… Read More
