Onchain, in court: What happened in crypto legal news this week
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Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
CFTC files to dismiss CME lawsuit over crypto perpetual futures
The CFTC’s lawyers called the lawsuit “much ado about nothing,“ claiming that the CME Group lacked standing to file and argued against its claims over crypto perpetual futures.
Russian crypto trading to bring $46B to regulated exchanges in first year after legalization: Report
Regulated cryptocurrency exchanges may see more than $46 billion in crypto trading volume during the first year after legalization, according to estimates from the country’s largest bank.
Washington Goes All-In on Crypto: Trump Pushes Clarity, SEC Rules, and CFTC Warnings
Trump urged executives to pass a "fair version" of the Clarity Act, the CFTC warned it would write its own rules if the bill stalls, and the SEC abruptly advanced its first crypto fundraising framework.
CFTC chair says agency will move forward on crypto regulation if CLARITY fails
Michael Selig said at a meeting of the Innovation Advisory Committee that he had directed CFTC staff to explore developer protections and other crypto-related policies.
CFTC Chair Readies Crypto Rules If Congress Fails to Pass Clarity Act
The CFTC chair said staff is already exploring a crypto market structure framework and could move quickly to propose rules if Congress fails to act.