The Trump administration's CFTC issued an emergency order allowing prediction market Kalshi to keep operating in New York, clashing with state officials who sued Kalshi for running an unlicensed gambling operation.
The CFTC has invoked emergency authority to order prediction market Kalshi to continue trading after New York Attorney General Letitia James sued the platform, triggering a clash between federal derivatives oversight and state gaming laws.
The Digital Chamber, a blockchain trade association, filed an amicus brief opposing a lawsuit seeking ownership of 39,069 dormant Bitcoin addresses. They argue treating these as abandoned property would harm digital asset ownership principles and traditional finance.
A Bitcoin address dormant for nearly 15 years transferred 30 BTC ($1.88M) on Saturday. This address is linked to a NY lawsuit seeking ownership of dormant holdings, testing lost-property law. A defendant argues Bitcoin addresses are data strings and inactivity isn't abandonment.
A New York lawsuit filed by Noah Doe and two LLCs seeks ownership of 39,069 dormant Bitcoin addresses, potentially holding $285 billion, raising questions about abandoned property laws and Bitcoin's legal treatment.
