Trump Backs CFTC Over Prediction Markets, Calls State Officials ‘Scum’
Federal oversight gains the president’s backing as states push to bring prediction markets under their own gambling laws.
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TD Cowen keeps CLARITY Act passage odds at 40% due to a worsening political environment. The Senate Banking Committee advanced the bill, but it still needs 60 votes in the full Senate. The main conflict is Section 307, which bars Congress and the President from crypto trading and targets Trump’s ventures. Jaret Seiberg, an analyst […] The post TD Cowen Sees Worsening Political Risks for the CLARITY Act appeared first on Live Bitcoin News.
Read full articleFederal oversight gains the president’s backing as states push to bring prediction markets under their own gambling laws.
Trump supports crypto growth and prediction markets while defending CFTC authority and warning against state-level regulatory interference across America. U.S. President Donald Trump strongly supported the crypto industry and prediction markets in recent remarks. The U.S. needs to continue to safeguard innovation and remain a leader in digital finance markets, he said. Trump also emphasized […] The post Trump Pushes Crypto Boom, Defends CFTC Control Over Prediction Markets appeared first on Live Bitcoin News.
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President Donald Trump posted a public statement Tuesday defending the Commodity Futures Trading Commission’s (CFTC) exclusive federal authority over prediction markets and warning that the United States must protect its position as the world’s leading crypto destination. Trump Backs CFTC Chairman Selig on Prediction Markets, Warns States to Stand Down On Truth Social, Trump directed […]
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Stand With Crypto is urging full Senate approval of the CLARITY Act after a committee vote advanced the crypto market-structure bill. The group says the legislation could shape consumer protections, regulator oversight, and legal certainty for digital asset firms. Crypto Group Presses Senate After CLARITY Act Advances Stand With Crypto, a digital asset advocacy organization […]