The SEC plans to release its long-awaited crypto rules this month, including safe harbors and exemptions for certain crypto activities. This comes as Congress' Clarity Act faces an uncertain future before the November midterms.
The Federal Reserve has proposed new rules for American crypto firms to evaluate customers and prevent money laundering, following the legalization of stablecoins under the GENIUS Act. The rules require digital asset service providers to verify customer identities and cross-reference data with government watchlists.
In a May 8 speech, SEC Chair Paul Atkins said the agency could consider a limited “innovation pathway” for on-chain trading systems in the near future. Meanwhile, the agency will reserve formal notice-and-comment rulemaking to determine how crypto platforms fit inside the exchange definition. Atkins tied that idea directly to the SEC's handling of electronic […] The post The SEC looks at a 1990s fix for crypto markets to allow true “innovation pathway” appeared first on CryptoSlate.
The CFTC received over 1,500 public comments on its proposed rule for prediction market regulation, with crypto firms like Kalshi and Polymarket supporting the regulator's authority while state gaming regulators from Tennessee, Missouri and Pennsylvania urged a crackdown. The battle centers on whether the CFTC has exclusive jurisdiction over sports event contracts or if states should regulate them as gambling.
The letter to four US government agencies said banks needed 60 more days for comment after OCC stablecoin rulemaking had been finalized.
The American Bankers Association has requested US regulatory agencies extend the comment period for stablecoin regulations by 60 days, citing dependence on the Office of the Comptroller of the Currency's pending final rule. The banking group argues meaningful comment on FDIC and Treasury rules is impossible without knowing the OCC's outcome. The GENIUS Act, signed into law in July 2025, can be enacted 120 days after final regulations or 18 months after enactment.
