Category: Law of the Chain

U.S. authorities have dropped investigations into Polymarket, a crypto prediction platform, after previously settling with the CFTC in 2022 over registration issues.

US DOJ and CFTC have closed investigations into Polymarket, a betting platform, after examining US user trades. The probe followed 2024 election bets and a 2022 CFTC settlement.

The DOJ and CFTC have closed investigations into Polymarket, allowing the crypto-betting platform to potentially re-enter the US market through CFTC registration or acquisition.

The article discusses the need for programmable regulation in DeFi to address legal challenges, suggesting policy-as-code solutions to embed compliance directly into protocols for better governance.

MiCA regulation is benefiting EU crypto investors and exchanges by consolidating the industry, increasing trust, and providing equal legal footing with traditional financial institutions despite initial concerns.

Ripple plans to obtain a MiCA license for EU expansion, registering in Luxembourg. The company sees Europe as a key market, following Coinbase and Bitstamp in securing regulatory approval.

CMB International Securities becomes the first mainland Chinese broker to receive a virtual asset license in Hong Kong, enabling crypto trading, custody, and advisory services under strict regulations.

U.S. Treasury Secretary Scott Bessent confirms the search for Jerome Powell’s successor as Federal Reserve Chair has begun, amid political pressures and monetary policy debates.

Kazakhstan plans to create a cryptocurrency reserve for confiscated assets and considers investing national funds in crypto, following global models, while addressing volatility and regulatory challenges.