BlockBeat: Team SEC vs Team Crypto
The SEC is going full force against crypto, but isn't winning all its battles.
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Escalating the Prediction Markets Fight
The CFTC says federal law clearly overrides state gambling rules. The problem is that the courts have never actually said that — and the agency’s aggressive defense of Kalshi could put its own powers at risk.
Nu Global Taps Sygnum for Stablecoin Custody as Brazil Tightens Cross-Border Crypto Rules
The Nubank-owned bank built its international stablecoin infrastructure in Switzerland just as Brazil's central bank prepares to bar regulated payment firms from using the same rails.
Senate Republicans Release Revised 630-Page CLARITY Act Text Days Before Sept. 15 Vote, Still No Democratic Support
Cynthia Lummis says the redraft incorporates more than 114 provisions Democrats asked for, including a CFTC registration requirement for centralized platforms posing as DeFi, but Politico reports zero Democratic senators have signed on ahead of the cloture vote.
Nasdaq Invests $100 Million in Kraken Parent Payward, Targets 2027 Launch of Tokenized Nasdaq Stocks
The deal values Payward at $21 billion and builds on a March partnership, positioning Kraken as the settlement layer for Nasdaq Equity Tokens that would trade around the clock while preserving standard shareholder voting rights.