22h ago
CFTC staff detail crypto-collateral pilot rules and 20% BTC/ETH capital charge
CFTC staff issued a Friday notice answering FAQs on the agency's crypto-collateral pilot launched last year, outlining how futures commission merchants should begin accepting crypto margin. The guidance says participating firms must notify the Market Participants Division of their start date and, for the first three months, may take only Bitcoin, Ether, or stablecoins, with weekly reporting of total crypto held. It also sets capital charges at 20% for BTC and ETH positions and 2% for stablecoins, while limiting certain stablecoin uses and excluding crypto from uncleared swap collateral.
ETH
ETH-4.00%
22h ago
3-16
Ledger executive warns proposed US stablecoin yield ban may drive offerings overseas
Ledger's Asia-Pacific lead Takatoshi Shibayama said a proposed United States block on third-party stablecoin yield products could encourage other jurisdictions such as Australia to allow such offerings. He noted that most issuers currently avoid paying yields to protect banks' interests but argued a US move could spark fresh talks between regulators and issuers abroad. Shibayama added that in Asia, major financial institutions are prioritizing tokenization and stablecoin issuance over direct crypto exposure, while asset managers remain more interested in launching crypto products.
3-16
3-12
Kalshi files preemptive federal lawsuit against Iowa over sports event contracts
Prediction market Kalshi filed a preemptive lawsuit in an Iowa federal court against Attorney General Brenna Bird and state gaming regulators, alleging a substantial risk of future enforcement over its sports event contracts. The firm argues that federal law and its status under the Commodity Futures Trading Commission shield it from Iowa gambling regulations, while several other U.S. states have brought or faced similar actions concerning whether its contracts constitute unlicensed gambling.
3-12
3-12
Binance.US appoints Stephen Gregory as CEO and outlines new expansion plans
On March 9, Binance.US appointed compliance lawyer Stephen Gregory as its new CEO, succeeding Norman Reed, who moved into an advisory role. The exchange, which previously faced a Securities and Exchange Commission lawsuit that was dismissed with prejudice in May, signaled plans to grow its staking products and add services linked to decentralized finance and tokenized assets. Over the past year, the firm also restored U.S. dollar deposits and withdrawals and introduced new rewards, staking and referral offerings.
BNB
BNB-2.07%
3-12
3-11
Senator Alsobrooks pursues compromise on US crypto market bill and stablecoin yields
On Tuesday, Senator Angela Alsobrooks told a banking industry event that she is collaborating with Republican Senator Thom Tillis on a compromise to advance a key United States crypto market structure bill. She said both the crypto sector and banks will likely be "a little bit unhappy" as lawmakers tackle contentious issues such as banning stablecoin yield payments, which banking groups argue pose deposit flight risks.
Selected
3-11
3-10
Anthropic challenges Trump administration over Pentagon "supply chain risk" designation in US courts
Anthropic, developer of the Claude AI system, has sued the Trump administration and multiple US agencies after the Pentagon formally labeled the firm a military "supply chain risk" on March 3. The company is asking federal courts in California and Washington, D.C., to overturn both the Defense Department's designation and an order directing federal employees to stop using Claude, calling the government actions "unprecedented and unlawful." It argues the label followed its refusal to lift contractual limits on using Claude for lethal autonomous warfare and mass surveillance of Americans.
3-10
3-9
Study finds heavy workplace AI use linked to "brain fry" and higher error rates
Researchers from Boston Consulting Group and the University of California reported on Friday that a survey of nearly 1,500 full-time U.S. employees found 14% experienced "AI brain fry," or mental fatigue from intensive use or oversight of AI tools. Affected workers reported symptoms such as mental fog, headaches and slower decision-making, but the study also found that using AI to handle repetitive tasks was associated with lower burnout levels.
3-9