SEC Chair: Regulators Should Not Panic Over Cryptocurrency Price Declines

Will Taiwan’s special legislation shut down USDT withdrawals? An anonymous accountant posted to spark panic—here’s the full truth in one place

Recently, anonymous individuals claiming to be accountants have made statements online, saying that the draft of Taiwan’s newly passed “Virtual Asset Services Act” will prohibit the circulation of Tether (USDT) and has sparked panic. In response to this claim, Max, editor-in-chief of Crypto City, said the interpretation of the regulations in this statement is overly pessimistic, and emphasized that the purpose of the bill is to establish a compliance framework rather than a comprehensive crackdown. The article calls on the public to stay rational when facing community-driven panic posts, and to choose legitimate providers for crypto trading to avoid fund risks and scams.

Ruling sports betting contracts are derivatives! The U.S. CFTC blocks local law enforcement, pushing to secure regulatory authority over prediction markets

The U.S. federal government is working with the CFTC and the Department of Justice to try to shift regulatory authority over Kalshi prediction markets from state and local governments to the federal level, arguing that sports event contracts are financial derivatives. If the court supports this position, it will change the legal status of prediction markets and standardize regulation nationwide, reducing the influence of state-level gambling laws.

US CFTC Announces the First Five Members of the Innovation Task Force to Promote Clearer Cryptocurrency Regulation

U.S. Commodity Futures Trading Commission Chair Mike Selig announced the formation of an Innovation Working Group, aimed at providing industry rules for innovators. The working group consists of five experts, focusing on advancing regulatory clarity and market integrity in areas such as cryptocurrency, blockchain, and AI.

A federal judge temporarily blocked Arizona’s criminal lawsuit against Kalshi, strengthening the outlook for federal oversight of prediction markets

A U.S. federal judge, Michael Liburdi, temporarily blocked the state of Arizona from proceeding with criminal charges against prediction market platform Kalshi. The state has brought 20 counts of illegal gambling against Kalshi. The CFTC argues that federal oversight takes priority and that prediction markets fall under its regulation; if ultimately established, it would benefit the legal environment for the entire industry. The case still requires further proceedings.

Sports betting contract is a derivative product! The U.S. CFTC blocks local law enforcement while pushing for regulatory authority over prediction markets

The U.S. federal government is working with the CFTC and the Department of Justice to try to shift regulatory authority over Kalshi prediction markets from state and local governments to the federal level, arguing that sports event contracts are financial derivatives. If the court backs this position, it will change the legal status of prediction markets and standardize regulation nationwide, reducing the influence of state-level gambling laws.

TRM Labs: While Risks Remain, Compliance Advances in Latam

TRM Labs reports that while illicit finance risks persist in Latam, including cartel activity and laundering networks, regulatory compliance is strengthening across the region, influenced by stablecoins driving 95% of illicit inflows.