Financial news
Headlines from permitted publisher feeds and official institutions. Similar reports are grouped into one story with a source count; every item links to the original.
- Morning Minute: SEC Clears Token Buybacks for Crypto Networks
The Gary Gensler era is long gone and now the SEC is providing clarity on what crypto protocols can and can’t do with their tokens.
- California Bans Public Officials From Issuing Meme Coins Under New Newsom Law
Governor Gavin Newsom’s legislation bars public officials from issuing meme coins and exchanges from listing tokens tied to politicians.
- Hong Kong regulators expand financial reporting oversight to licensed crypto firms
The SFC and AFRC signed a new MoU extending financial reporting, audit and compliance cooperation to licensed virtual asset service providers.
- California Gov. Gavin Newsom bans public officials from launching memecoins, takes aim at Trump
Newsom signed several other bills, including one intended to set clearer rules for restitution when investors lose money in crypto scams.
- California's Newsom signs memecoin ban and calls it 'The Opposite of Trump'
The California Governor signed AB 2409 as part of an anti-corruption package, framing it as a response to President Trump's $TRUMP fiasco.
- South Korea weighs crypto market makers after JPYC trades at 4 times peg
Crypto market making is effectively restricted under South Korea’s manipulation rules, but regulators are reconsidering the approach after a JPYC spiked on Upbit this month.
- SEC Staff Says Token Buybacks Don't Make Crypto a Security—If the Network Works
New SEC staff guidance says announcing a token buyback on a functional network isn't a promise that turns the token into a security, a shift one attorney says makes securities laws look "opt-in."
- Australia asks OpenAI, Anthropic chiefs to Senate inquiry on rogue hack: Report
A rogue OpenAI research agent bypassed blocks on the Australian government health-data portal, accessing non-public files in June.
- How months of work on the Clarity Act all fell apart
Interviews with industry participants and legislative aides paint a picture of a blown bill-writing process, with sources pointing to nearly every facet of the bill's development and the debate around it as contributing factors to this month's failed vote.
- Saylor outlines ‘bill of digital rights’ to help build prosperity in future economy
Our ambition should be to “enable 10 million new companies to raise capital,” Strategy’s executive chairman Michael Saylor wrote in an essay.
- How Crypto Stopped Waiting for Congress and Learned to Love the Regulators
After the Clarity Act failed in the Senate, the SEC, CFTC, and the Fed moved within days to write crypto's rules themselves. Will it be enough?
- Kalshi loses appeal over Ohio and Tennessee sports betting laws, widening circuit split
A federal appeals court ruled on Friday that Kalshi has not adequately shown its sports event contracts are swaps under the Commodity Exchange Act.
- Kalshi loses appeal, setting up potential Supreme Court case
The 6th US Circuit Court of Appeals ruled against prediction market Kalshi, siding with Ohio and Tennessee on regulating sports-event contracts under state laws.
- SEC Commissioner Hester Peirce to leave post on Oct. 2
Peirce, known as “Crypto Mom,” served on the SEC for about eight years, including as director of the Crypto Task Force.
- CFTC sues Cash FX, alleges $950M crypto-linked forex scheme
The CFTC claimed that Cash FX engaged in minimal forex trading and misappropriated most of the participant funds.
- Solana’s 150-millisecond settlement upgrade reaches second public test network
Alpenglow is running on both public test networks, giving application teams a place to check their software before the live blockchain switches.
- SEC crypto FAQ addresses token buybacks, network upgrades and promises of profit
Promoting a network’s current uses generally would not create an expectation of profit, SEC staff said.
- Blockchain Association CEO Summer Mersinger to step down, Kristin Smith to return as interim CEO
The Blockchain Association is switching up its leadership with CEO Summer Mersinger set to step down next month.
- Man charged in $16 million crypto ‘massive pig butchering’ scam
A man was charged for his role in defrauding someone of millions of dollars' worth of crypto in a "massive pig butchering" scam.
- U.S. appeals court upholds Pentagon designation of Anthropic as supply chain risk
In a 2-1 decision, a federal appeals court upheld the Department of Defense's blacklisting of Anthropic.