Tom Emmer dismisses 2 key Clarity Act concerns

Clarity Act concerns from law enforcement are overblown, House Majority Whip Tom Emmer said. Summary Emmer called law enforcement objections to crypto developer protections a “red herring” aimed at slowing the bill. He defended shielding noncustodial developers from money transmitter rules under the Blockchain Regulatory Certainty Act. The Senate Banking Committee advanced the Clarity Act…

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House Oversight Committee Launches Probe into Polymarket and Kalshi Over Insider Trading

Key Takeaways Probing suspicious Polymarket bets, James Comer’s investigation forces platforms to show their safeguards against insider trading. Sparked by proven insider trading moves, the probe exposes market risks and will likely drive new rules. After Gannon Ken Van Dyke made $400K, Congress will next use this probe to draft prediction market laws. Rep. James…

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Trump Mobile confirms it exposed customers’ personal data, including phone numbers and home addresses

Phone provider Trump Mobile has confirmed that it was exposing customers’ names, email addresses, mailing addresses, cell numbers, and order identifiers to the open internet. Chris Walker, a spokesperson for the Trump-branded phone maker, told TechCrunch that the company is investigating the exposure and has not found evidence that content or financial information spilled online….

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Polymarket Suffers $700K Breach After Internal Admin Wallet is Compromised

Key Takeaways Hackers drained $700K in POL from Polymarket after compromising a 6-year-old internal private key. ZachXBT alerted users, but Polymarket confirmed all user funds remain fully safe. To prevent further incidents, Polymarket will next move all private keys to KMS. Polymarket Faces Security Event: No User Funds Affected Polymarket, one of the largest prediction…

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