
CFTC Proposals Define Event Contracts as Swaps, Excluding Casino Gambling
The CFTC issued proposals classifying event contracts as swaps while excluding casino gambling, aiming to clarify federal jurisdiction amid state lawsuits.
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The CFTC issued proposals classifying event contracts as swaps while excluding casino gambling, aiming to clarify federal jurisdiction amid state lawsuits.

The CFTC issued rules defining event contracts as swaps under its jurisdiction while excluding casino-style gambling, intensifying the legal battle with state regulators.

J.P. Morgan Asset Management portfolio manager Priya Misra identifies a rare opportunity in high-quality fixed income, offering yields up to 6.5% without excessive credit risk.

Meanwhile, a Bermuda-licensed life insurer operating entirely in Bitcoin, raised $37.5 million led by Bain Capital Crypto, bringing total funding to over $180 million.

George Washington University researchers published a formula estimating how many good tokens an AI model produces before generating harmful output, achieving 94% accuracy in initial tests.

France's Finance Committee adopted amendments taxing stablecoin swaps and extending exit taxes to crypto, but rejected the budget's revenue section, nullifying these changes for now.

Tron founder Justin Sun confirmed that post-quantum cryptography is now live on the network's testnet, aiming for quantum resistance before Q-Day.

EU tech chief Henna Virkkunen stated the bloc's AI Act is well-equipped to manage risks from rogue agents, citing recent incidents at OpenAI and Anthropic.

Bermuda-based Meanwhile secured $37.5 million in new funding led by Bain Capital Crypto, bringing its total raised to over $180 million.

U.S. Treasury Secretary Scott Bessent announced that authorities will seize $1 billion in cryptocurrency from Iran this week, marking a significant escalation in sanctions enforcement.

Seth for Privacy stated that mixing KYC and non-KYC coins in one transaction links all associated UTXOs to a user's identity.

Senator Richard Blumenthal requested records from Cantor Fitzgerald regarding its Tether partnership, citing national security concerns and potential conflicts of interest involving Commerce Secretary Howard Lutnick.