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The U.S. Court of Appeals for the Sixth Circuit ruled that Kalshi’s sports-related event contracts do not meet the definition of swaps and are subject to state regulatory jurisdiction. The ruling concerns its litigation with regulators in Ohio and Tennessee.
Andrew Cuomo says tokenization is developing faster than U.S. regulation and notes that SEC has launched a 5-year temporary exemption framework for tokenized U.S. stocks.
Citing Andrew Cuomo’s CoinDesk article, BlockBeats reported that SEC on September 17 launched a temporary framework allowing eligible on-chain platforms to trade certain tokenized U.S. stocks under specified conditions. The article also said that the Senate failed to advance CLARITY Act。
Kraken Co-CEO CEO David Ripley says the EU's MiCA rules are clearer, while the US CLARITY bill is progressing slowly, potentially weakening its competitiveness in financial innovation.