Phantom and Hyperliquid Seek CFTC Clarity on DeFi Infrastructure

The post North Carolina Sides With Federal Preemption, Taxing Prediction Markets 6% While Sportsbooks Pay 23% appeared on BitcoinEthereumNews.com. Key Takeaways North Carolina’s signed budget taxes prediction markets at 6% of net trading fee revenue, effective January 1, 2027. The state declines to require prediction platforms to hold a state license, recognizing CFTC authority instead. Sports betting operators face a separate, higher 23% tax on gross wagering revenue, up from 18%, effective immediately. A carveout sidestepping a fight Governor Josh Stein signed North Carolina’s $34 billion fiscal-year budget on July 7, enacting Senate Bill 257 – now Session Law 2026-41 – after more than a year of negotiations. The budget’s two key gambling provisions pull in opposite directions: the first raises the tax on licensed online sports betting from 18% to 23% of gross wagering revenue, effective immediately. The second, taking effect January 1, 2027, imposes a 6% tax on prediction market ope

North Carolina has broken with the wave of states fighting prediction markets in court, using its new budget to tax platforms like Kalshi and Polymarket at 6% while explicitly declining to regulate them – a posture that effectively recognizes federal authority over the sector even as other states sue to assert their own. Sportsbooks in […]

Robinhood's rapid DEX volume surge highlights the volatile influence of memecoins and Layer 2 tech on decentralized finance dynamics. The post Robinhood surpasses Hyperliquid in 24-hour DEX volume, powered by memecoins and a brand-new Layer 2 appeared first on Crypto Briefing.

The post SEC and CFTC Vacancies Fuel Clarity Act Debate appeared on BitcoinEthereumNews.com. White House says it requested SEC and CFTC nominee names as Clarity Act talks raise pressure over vacant seats. The White House has rejected Senate Democrats’ claims over vacant minority seats at the SEC and CFTC.  In a letter to Senate leaders, it said Democratic recommendations were requested but not received. The dispute comes as Congress prepares for expected action on the Clarity Act. The bill could shape how U.S. agencies oversee digital asset markets. Senate Democrats accused the Trump administration of delaying Democratic nominees for major financial regulators.  The White House response shifted blame back toward Senate Democrats. The open seats have drawn attention from lawmakers on both sides of the aisle. Meanwhile, crypto firms are watching the process because agency leadership may shape future rules. White House Pushes Back on Nomination Claims The White House said it did not refus

The post Political Stalemate Over Key Regulatory Commission Appointments appeared on BitcoinEthereumNews.com. Amidst rising tensions in Washington, the White House has declared that no candidate names have been submitted by Senate Democrats to fill the vacant commissioner seats at the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This statement was made public through a letter addressed to Senate Majority Leader John Thune […] Continue Reading:Political Stalemate Over Key Regulatory Commission Appointments Source: https://en.bitcoinhaber.net/political-stalemate-over-key-regulatory-commission-appointments

White House says it requested SEC and CFTC nominee names as Clarity Act talks raise pressure over vacant seats. The White House has rejected Senate Democrats’ claims over vacant minority seats at the SEC and CFTC.  In a letter to Senate leaders, it said Democratic recommendations were requested but not received. The dispute comes as […] The post SEC and CFTC Vacancy Fight Heats Up as White House Blames Democrats for Delay appeared first on Live Bitcoin News.

The post CLARITY Act Faces CFTC Vacancy Fight Before Senate Floor Vote appeared on BitcoinEthereumNews.com. TLDR: The CLARITY Act faces a fresh political hurdle as White House officials and Senate Democrats dispute vacant SEC and CFTC seats. The CFTC vacancies matter since the crypto bill could give the agency broad authority over spot digital commodity markets. White House officials said they requested Democratic nominee names for SEC and CFTC seats but had not received a response. Senate talks now include nominations, ethics language, DeFi rules, and the timeline for passing the wider crypto bill. The CLARITY Act has moved into a new Senate pressure point as the White House and Democrats trade claims over vacant SEC and CFTC seats. White House officials told Senate leaders that the administration sought Democratic names for both agencies but had not received them. Democrats have argued that missing commissioners weaken the agencies expected to shape digital asset rules. The dispute n

The post Uniswap Fee Switch Talk Shows DeFi Governance Is Still Searching For Sustainable Revenue appeared on BitcoinEthereumNews.com. Uniswap Fee Switch Talk Shows DeFi Governance Is Still Searching For Sustainable Revenue Sign Up for Our Newsletter! For updates and exclusive offers enter your email. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/uniswap-fee-switch-talk-shows-defi-governance-is-still-searching-for/