CFTC wields emergency authority to defend Kalshi operations
TL;DR: The CFTC invoked emergency powers to order Kalshi to continue operating, amid a legal dispute with the state of New York. New York accuses Kalshi
New York (Latest Publications)
Judge Denies CFTC’s Emergency Bid to Halt New York’s Case Against Kalshi
TL;DR: The CFTC requested an emergency temporary restraining order to block New York’s lawsuit against Kalshi, but the request was denied. Judge Jed S. Rakoff determined
New York Files Lawsuit Against Kalshi Over Alleged Illegal Gambling Products
TL;DR Legal Action: New York’s lawsuit against Kalshi seeks to halt its event contracts, impose steep financial penalties, and recover alleged unlawful gains. Regulatory Clash: The
Federal Judge Rejects Kalshi’s Attempt to Halt New York’s Enforcement of Gambling Laws
TL;DR A federal judge ruled that New York may continue enforcing its gambling laws against Kalshi while the legal dispute moves forward. The court found that
Dormant Bitcoin Wallet Moves 30 BTC in New York Case
A Bitcoin transaction recorded on Mempool shows 30 BTC moving under txid 0411ae4d1d12ab6ea3c25ca0f90715c95b6e191221068b35261a91e29d336ed2, reviving attention around a long-idle address tied to a New York ownership dispute.
Defendant Moves to Dismiss New York Case Seeking Control of 39,069 Bitcoin Wallets
TL;DR: A defendant identified as “John Doe 33” filed a motion to dismiss New York’s lawsuit targeting 39,069 dormant Bitcoin wallets. The lawsuit, filed in May,
New York Man Sentenced in $1.4M Crypto Fraud Using Fake Influencer Accounts
TL;DR A New York resident received a 15-month prison sentence after running a $1.4 million crypto fraud scheme through fake Telegram influencer accounts. Prosecutors said the
NYDFS Proposes New Rules to Align Its Stablecoin Framework With the Federal GENIUS Act
TL;DR: The NYDFS proposed a formal stablecoin regulation to align its state framework with the federal GENIUS Act, enacted last year. The new rule introduces reserve
Europe and New York Strengthen Stablecoin Oversight Through New Supervisory Pact
TL;DR: The European Banking Authority and the NYDFS signed an agreement to coordinate stablecoin oversight at the cross-border level. Both regulators will share data on circulating
New York Crypto Regulator Partners With EU to Strengthen Stablecoin Monitoring
The New York Department of Financial Services (NYDFS) and the European Banking Authority (EBA) have signed a memorandum of understanding to coordinate the supervision of the
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