Market News
Highlights of the Week: Anticipating a Trump Administration
This week, CoinDesk discusses upcoming changes in cryptocurrency regulations, market movements, and features key figures like Trump and analysts in the crypto industry.
Policy
CFTC's Crypto Enforcement Chief Resigns Ahead of Trump's Inauguration
Ian McGinley steps down from the Commodity Futures Trading Commission just days before President-elect Donald Trump's inauguration, following a notable tenure focused on cryptocurrency regulation.
Regulation
CFTC Seeks Data from Coinbase on Polymarket Customers
The U.S. Commodity Futures Trading Commission is pursuing information related to customer interactions with the prediction market platform Polymarket via a subpoena issued to Coinbase.
Policy
Final Address by CFTC Chief Benham: A Plea for Investor Protection in Crypto
In his last public address, Rostin Behnam emphasized the importance of federal regulation in the cryptocurrencies landscape.
Policy
CFTC Chair Behnam Announces His Departure on Inauguration Day
Rostin Behnam, the Chairman of the CFTC, will step down from his role on January 20, aligning with the inauguration of Donald Trump.
Policy
Gemini Settles for $5 Million in CFTC Dispute
The popular cryptocurrency exchange has agreed to a settlement concerning previous misleading claims about Bitcoin futures.
Crypto
Bonk Sees 30% Surge, Leading Dog Meme Tokens; Floki Recognized as Utility Token by CFTC
Bonk (BONK) has risen 30%, leading the charge among dog-themed memecoins as Bitcoin recovers. The Commodity Futures Trading Commission (CFTC) recognizes Floki as a utility token.
Policy
Kalshi Claims Only Congress Can Regulate Election Betting in Court Filing
Kalshi argues that the power to prohibit election betting lies solely with Congress, dismissing CFTC’s interpretation as arbitrary.
Policy
Activist Group Claims Kalshi's Election Market Is Vulnerable to Manipulation
Better Markets challenges Kalshi's trading operations by referencing claims of manipulation on a competing platform.
Policy
Court Questions Legitimacy of Kalshi's Election Betting Platforms
The CFTC argues in appeals court that a federal judge was mistaken to allow Kalshi to operate prediction markets linked to the 2024 election.
Policy
CFTC Subcommittee Moves Forward on Tokenized Shares for Firms
The CFTC subcommittee has made strides toward allowing tokenized shares of money-market funds to be used as collateral, potentially benefiting key financial players like BlackRock and Franklin Templeton.
