Senators Release Bipartisan Draft Outlining Crypto Policy and Federal Market Structure

Kalshi, a CFTC-regulated exchange, has successfully raised $1 billion in funding, achieving a valuation of $11 billion. This positions Kalshi as a strong competitor to crypto-native Polymarket by offering event contracts with fiat access and legal clarity.

Acting CFTC Chair Caroline Pham is closer to leaving the agency as the Senate Agriculture Committee has advanced President Donald Trump's nomination to replace her. This development indicates a potential shift in leadership at the Commodity Futures Trading Commission, which plays a crucial role in regulating the U.S. derivatives markets.

Michael Selig, the prospective chair of the Commodity Futures Trading Commission (CFTC), expressed support for regulatory oversight in digital asset markets during his nomination hearing. He emphasized the importance of having a regulatory 'cop on the beat' to ensure proper governance in the DeFi sector.

Michael Selig, the prospective chair of the Commodity Futures Trading Commission (CFTC), expressed his support for regulatory oversight in digital asset markets during his nomination hearing. He emphasized the necessity of having a regulatory 'cop on the beat' to ensure proper governance in the rapidly evolving DeFi sector.

Michael Selig, the prospective chair of the Commodity Futures Trading Commission (CFTC), expressed support for regulatory oversight in digital asset markets during his nomination hearing. He emphasized the importance of having a regulatory 'cop on the beat' to ensure compliance and protect investors.

Mike Selig, nominated to be the next chairman of the Commodity Futures Trading Commission (CFTC), testified at his confirmation hearing in the Senate, emphasizing the importance of cryptocurrency regulation.

Erik Thedéen, chair of the Basel Committee, stated that existing capital rules for banks holding cryptocurrencies need to be revised. This call for a new approach comes as the U.S. and U.K. have not adopted the previously established regulations, highlighting a divergence in regulatory frameworks.

The Senate Banking and Agriculture Committees are anticipated to vote on a cryptocurrency market structure bill next month. This potential legislation could significantly influence U.S. crypto regulation, thereby affecting global market dynamics and the country's leadership in innovation within the sector.