New York sues Polymarket, alleging it is running an illegal gambling operation
The state wants to block Polymarket from operating without a gambling license and recover allegedly illegal gains. Source：CoinDesk
U.S. Federal Reserve moves on proposals to implement GENIUS Act for stablecoins
The Fed proposed rules on putting last year's GENIUS Act into place with regulations, including those governing stablecoin yield programs. Source：CoinDesk
U.S. commodities firms can invest in tokenized assets, use blockchain records: CFTC
The U.S derivatives regulator is grinding away at further guidance that welcomes tokenization and blockchain recordkeeping as regular industry elements.…
EU's financial regulator to make AI and tokenization a supervisory priority in 2027
European regulators will map how financial firms use the technologies in clientfacing products and begin checks on the most affected businesses. Source：CoinDesk
White House adviser defends President Trump's crypto ties in wake of Clarity Act defeat
President Donald Trump's crypto adviser, Patrick Witt, accused Democrats of unfairly amplifying Trump's crypto ties as a political weapon. Source：CoinDesk
U.S. regulator warns about cheating risks in 'mention markets' on prediction platforms
The Commodity Futures Trading Commission issued a new advisory to flag the unique dangers of markets based on individuals' behavior. Source：CoinDesk
Democrats 'chose visceral hatred for' Donald Trump over crypto Clarity Act, Lummis says
Senator Cynthia Lummis said the crypto industry should "pin it on the Democrats" in her first public remarks after last week's failed Clarity Act vote.…
Crypto market structure can't wait for shot at post-election Clarity Act surge: White House
White House and U.S. Treasury officials agree that despite some hope that Congress' "lame duck" session could see the bill again, the work's in regulators'…
Next for the U.S. SEC: Agency's chief crypto counsel illuminates path for custody
Taylor Lindman, the top lawyer on the agency's Crypto Task Force, says the SEC is trying to get firms comfortable with blockchain technology and crypto assets.…
European central banks push to expand stablecoin yield ban to crypto lending and staking
Central bankers argue that indirect yield structures blur the line between electronic payment tokens and commercial bank deposits, distorting financial system…
Binance buys $100 million Circle stake in five-year USDC promotion deal
Circle sold 1.24 million shares at $80.84 each and will pay Binance a monthly fee tied to USDC held through its wallet infrastructure. Source：CoinDesk
Saudi Arabia exits China-backed mBridge CBDC project: FT
Saudi Arabia has left mBridge, a crossborder CBDC platform that has drawn scrutiny from US policymakers, according to the Financial Times. Source：Cointelegraph