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Regulations
SEC Rebuts Coinbase's Attempt to Get Appeals Court to Answer Key Crypto Question
The exchange wants an appeal court to rule on whether conventional securities rules apply to crypto. Coinbase hopes they don't.

U.S. House's McHenry Says Bill on Crypto Market Structure Will Get Floor Vote
The legislation known as FIT21, which would set up a system to govern U.S. crypto markets, is headed toward a House vote, though that may mark the end of this effort.

DOJ Said to Snub Sullivan & Cromwell, Appoint Competitor to Coveted Binance Monitorship: Bloomberg
The white-shoe law firm’s handling of the FTX bankruptcy case has been controversial.

U.S. CFTC Proposes Ban on Political Event Contracts
The U.S. derivatives regulator approved a proposed rule that punctuates a long-standing legal dispute between the agency and predictive markets platforms.

Binance, KuCoin Win Registration From India Anti-Money Laundering Regulator as Crypto Credibility Improves
KuCoin paid a fine of $41,000 and Binance's financial penalty is still to be determined after a hearing with the FIU.

Stand With Crypto Sets Up Election War Chest, Backs Candidates Seeking Open Seats
Stand With Crypto – an advocacy group started by Coinbase last year – will start gathering cash from more than 400,000 members to give to favored congressional candidates.

Kraken Asks Court to Dismiss SEC Claims to Avoid 'Significant Reordering' of U.S. Financial Structure
Judge William H. Orrick is scheduled to hear the matter on June 12.

Exiled Russian Opposition Leader Launches Blockchain-Based Referendum on Vladimir Putin’s Election Win
The new Arbitrum-powered tool could give Russians critical of Putin a way to anonymously voice their displeasure.

Prometheum's Contentious Answer to Crypto Compliance Is Running Late
The startup's plan to launch a custody operation followed by SEC-compliant crypto trading missed its first-quarter target, but the firm says it's just finishing up some technical work.

Binance Fined $4.3M by Canadian Financial Regulator for ‘Administrative Violations’
FINTRAC said Binance failed to register as a foreign money services business and neglected to report nearly 6,000 transactions over $10,000.
