CFTC chair sees Clarity Act nearing approval amid EU crypto regulation shifts

The post Kraken Auditor Win Reopens Crypto Debanking Fight appeared on BitcoinEthereumNews.com. Key Insights Kraken parent Payward won $22 million against Mazars USA. Mazars quit the near-complete audit despite finding no fraud. The dispute strengthened calls for CLARITY Act passage. Kraken parent Payward asked the Delaware Court of Chancery to enforce an arbitration award against Mazars USA. The crypto exchange said the auditor left its near-complete audit without fraud findings, raising fresh questions about debanking pressure. The case placed Kraken back inside a broader U.S. policy fight. Payward co-CEO Arjun Sethi tied the dispute to Operation Chokepoint 2.0 and pushed Congress to pass the CLARITY Act. Kraken Says Auditor Exit Created Business Harm Payward said Mazars withdrew from its 2022 audit days before completion. Sethi said the firm found no fraud, raised no management integrity concerns, and reported no accounting disputes. That withdrawal mattered because audits shape acc

The post CFTC Chair Urges Senate to Pass CLARITY Act Before August 7 Recess appeared on BitcoinEthereumNews.com. CLARITY-ACT News The CLARITY Act, the U.S. crypto market-structure bill, is back in focus after Commodity Futures Trading Commission Chairman Michael Selig said passage remains within reach despite Congress missing its July 4 target. In televised remarks, Selig said the legislation is “so close” and pressed lawmakers to finish the job before the August 7 recess, warning that the window for action is narrowing. A Trump appointee confirmed in December, Selig framed the bill as a matter of national competitiveness, arguing that a federal standard would replace a fragmented patchwork of state rules that he says has weighed on U.S. business and left the digital-asset industry without clear guardrails. At its core, the bill would split federal oversight of digital assets between the CFTC and the Securities and Exchange Commission, a division the industry has lobbied for over sever

The post ESMA Says EU Retail Ban Covers Many Prediction Markets, With MiCA Awaiting the Tokenized Ones appeared on BitcoinEthereumNews.com. Key Takeaways ESMA said event contracts that qualify as financial instruments are already barred from EU retail sale under binary-options rules. The prohibition rests on national measures in force since 2018, so no new legislation is required to apply it. Two regulatory tracks, both already in force In a public statement issued on July 3, the European Securities and Markets Authority (ESMA) set out how existing EU law applies to event contracts, the yes-or-no instruments underpinning prediction markets. Its central conclusion is that many of these contracts are not a novel product category requiring new rules, but already fall within measures on the books – a point that goes further than framing the issue as future regulatory risk. ESMA’s reasoning is that event contracts whose underlying question relates to an asset listed in Section C(4) to (10)

Europe’s top securities regulator has clarified that many prediction-market event contracts already fall under the EU’s existing retail ban on binary options – meaning the restriction is live law, not a proposed rule – while contracts issued as blockchain tokens may instead be caught by the bloc’s crypto framework. The statement leaves platforms such as […]

Senator Wyden's advocacy could shape legislative clarity, impacting regulatory frameworks and innovation in the digital asset sector. The post Senator Wyden urges Senate to preserve key section of Clarity Act appeared first on Crypto Briefing.

The European Union has begun preparing changes to its Markets in Crypto-Assets framework after the United States enacted the GENIUS Act, with regulators expected to review stablecoin rules and other digital asset provisions from 2027. According to a report published…

The post EU targets MiCA overhaul as US GENIUS Act reshapes stablecoin rules appeared on BitcoinEthereumNews.com. The European Union has begun preparing changes to its Markets in Crypto-Assets framework after the United States enacted the GENIUS Act, with regulators expected to review stablecoin rules and other digital asset provisions from 2027. Summary The EU is preparing to revise MiCA after the U.S. GENIUS Act changed the global stablecoin regulatory landscape. Officials may expand MiCA to cover non-EU stablecoin issuers, tokenized payments, and tokenized deposits. ESMA will review crypto custody risks at licensed CASPs through the first half of 2027. According to a report published by Euronews on Wednesday, European Commission officials are preparing to revisit parts of the Markets in Crypto-Assets (MiCA) regulation as the bloc responds to changes in the global regulatory landscape. The report said the review will focus on how non-EU companies issuing stablecoins should be treated

The European Union has begun preparing changes to its Markets in Crypto-Assets framework after the United States enacted the GENIUS Act, with regulators expected to review stablecoin rules and other digital asset provisions from 2027. According to a report published…