Trump White House rejects SEC snub claims before CLARITY showdown

The post Hyperliquid, Phantom Ask CFTC to Exempt DeFi From Broker Rules appeared on BitcoinEthereumNews.com. The joint filing asks regulators to turn Phantom’s March no-action relief into a formal rule covering all non-custodial wallet providers. The Hyperliquid Policy Center and wallet provider Phantom filed a joint comment with the Commodity Futures Trading Commission on Thursday, arguing the agency’s registration rules for exchanges and brokers should not apply to onchain protocol software or non-custodial wallets, according to HPC’s own post on X. The filing responds to a request for information the CFTC and SEC issued jointly in mid-June, seeking industry input on rules that hinder financial-technology innovation. Three Requests HPC and Phantom laid out three asks. First, confirmation that publishing onchain protocol software alone does not trigger registration as an exchange or clearinghouse. Second, a clear path for firms already registered with the CFTC to run regulated functio

The joint filing asks regulators to turn Phantom's March no-action relief into a formal rule covering all non-custodial wallet providers.

Both US financial regulators are understaffed at the leadership level and lacking Democratic commissioners, with no announcement from President Donald Trump on filling the roles.

Senate negotiators are preparing a new Clarity Act draft as crypto market structure legislation faces a narrow July window and unresolved Democratic demands. The post New Clarity Act draft could land as soon as next week: CoinDesk appeared first on Crypto Briefing.

The companies urged the regulator to exempt blockchain developers and non-custodial wallet providers from rules designed for traditional financial intermediaries.

The CFTC's understaffing could hinder effective crypto regulation, risking market ambiguity and stalling legislative progress on digital assets. The post White House defends Trump’s regulatory appointments amid CFTC vacancies that threaten crypto oversight appeared first on Crypto Briefing.

The Trump White House has rejected accusations that it is refusing to nominate Democratic commissioners to the Securities and Exchange Commission and Commodity Futures Trading Commission as the Senate moves closer to debating the CLARITY Act. According to a letter…

The post Kalshi’s court loss shows federal approval may still leave prediction markets fenced off by states appeared on BitcoinEthereumNews.com. A New York federal court has returned prediction-market access to state hands just weeks before the CFTC closes comments on national event-contract rules. In a July 7 opinion and order, Judge Analisa Torres of the Southern District of New York denied KalshiEX LLC’s request for a preliminary injunction to block New York gaming officials from enforcing state gambling law against its sports-event contracts while the case proceeds. The decision is preliminary. It leaves the merits open, but it rejects Kalshi’s bid for immediate relief on the argument that the Commodity Exchange Act preempts New York’s gambling laws as applied to those contracts. The access risk now has two tracks: whether the Commodity Futures Trading Commission accepts event contracts at the federal level, and whether states can force platforms to block, limit, or redesign access