CFTC seeks to vacate $5 million penalty against Gemini Trust Company

The Justice Department and the CFTC allege that Google software engineer Michele Spagnuolo profited $1.2 million on Polymarket after accessing non-public information at work.

President Donald Trump is doubling down on his goal of making the United States the “crypto capital of the world,” while also weighing in on a growing national fight over who should regulate prediction markets.  Trump Says CFTC Rules Will Help Crypto ‘Thrive’ In a new statement shared Tuesday on Truth Social, Trump said it […]

The CFTC's reassessment signals a potential shift towards more cautious regulatory actions, impacting future crypto industry oversight. The post CFTC seeks to vacate $5M penalty against Gemini Trust Company appeared first on Crypto Briefing.

On Wednesday evening, the US Commodity Futures Trading Commission (CFTC) announced it had joined Gemini (GEMI) in requesting that the court grant relief from the judgment in the regulator’s case against the exchange, filed back in 2022.  The CFTC said it carried out a thorough reexamination of the matter, looking back at the investigation’s history, […]

The shift towards lighter crypto regulation may boost innovation but risks instability without durable legislative frameworks. The post Trump criticizes former SEC Chair Gensler for harming crypto industry appeared first on Crypto Briefing.

Senator Cynthia Lummis issued a fresh warning on Wednesday about the timing and urgency of the long-awaited CLARITY Act, a bill intended to lay out a clearer regulatory framework for the crypto industry.  In her comments, the pro-crypto lawmaker focused on what she described as the real-world risk to software developers if the legislation does […]

The CFTC has moved a proposed rule on prediction-markets event contracts into White House review as federal and state officials fight over who should police the fast-growing sector. Bloomberg first reported that the proposal is now before the White House…

Political efforts tied to the crypto industry scored another set of wins in Texas, strengthening the case that the sector’s influence in US politics remains strong under a more pro-digital asset administration.  According to reporting from Eleanor Terret of Crypto In America, the crypto industry went 6-for-6 backing winning candidates in the Texas primary runoffs held Tuesday night. Anti-Crypto Hits At The Ballot Box One of the biggest results came from the Democratic primary runoff in Texas’s 18th Congressional District. In that race, Terret reported that Rep. Christian Menefee defeated 20-year incumbent Rep. Al Green.  Fairshake, the industry’s leading super political action committee (PAC), took credit for the win after spending roughly $6.5 million on the race, largely through advertisements supporting Menefee.  Related Reading: Will XRP Price Ever Reach $200? Top Expert Discloses What Must Happen First A Fairshake spokesman, Geoff Vetter, argued that Green’s loss showed how anti-c