Commodity Futures Trading Commission Chairman Mike Selig told CoinDesk that the agency will continue to defend its “exclusive regulatory authority” to oversee prediction markets in court. “It doesn’t matter if it’s on sports, politics or anything else, if it’s a validly offered product within a CFTC-regulated exchange, then we regulate that,” Selig said. You’re reading […]
A federal appeals court rejected the final bid of crypto bank Custodia to challenge the U.S. Federal Reserve’s authority over granting master accounts, but the decision arrives at a time that the central bank is opening other avenues for such accounts. A Fed master account grants access to the central bank’s payment rails and full […]