Coinbase Says Prediction Markets Are Maturing, CFTC Needs No New Mandate

Key Takeaways: Coinbase urged the CFTC to regulate prediction markets under existing derivatives law. Federal oversight could prevent fragmented state enforcement across interstate prediction markets. Courts, regulators, and states are still divided over jurisdiction and enforcement. Coinbase Pushes CFTC Oversight for Prediction Markets Coinbase Global Inc. (Nasdaq: COIN) is urging the U.S. Commodity Futures Trading…

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Algorand jumps while Bitcoin and XRP stay range-bound

Bitcoin failed to hold its weekend move near $79,000 as traders weighed the latest FOMC decision, U.S.-Iran tension, and mixed altcoin action.  Summary Bitcoin rejected near $79,000 as traders stayed cautious after the Fed left rates unchanged again. Iran peace talks affected risk appetite, limiting Bitcoin’s follow-through despite support near $78,000 this week. XRP held…

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Treasury Secretary Scott Bessent Says the US Is Targeting Iran’s Access to Crypto

Placing crypto alongside shadow banking and weapons procurement means Treasury believes it is being used for actual trade settlement. US Treasury Secretary Scott Bessent posted on X on April 29 that Washington’s sanctions campaign is now going after Iran’s “access to crypto,” alongside oil exports, shipping networks, and shadow banking channels. It is the…

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