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Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that one year after the "GENIUS Act" became law, the United States has become the "global cryptocurrency capital" and thanked U.S. President and Senator Bill Hagerty for their leadership in achieving this goal.

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated on the X platform that innovators and market participants in the cryptocurrency industry need clear regulatory expectations, and the CLARITY Act will establish a comprehensive regulatory framework for digital assets. The future development of the U.S. cryptocurrency market requires a certain regulatory environment, and the CLARITY Act can provide "forward-looking" regulatory rules for digital assets. If the U.S. wishes to maintain its position as a global cryptocurrency hub, this bill is "legislation that must be passed."The CLARITY Act aims to further clarify the division of regulatory responsibilities in the digital asset market and establish a systematic framework for cryptocurrency asset trading, market structure, and regulatory authority. Supporters believe that the bill helps reduce regulatory uncertainty and promotes the development of businesses and capital in the U.S. market. Mike Selig has previously emphasized the need for clear and enforceable regulatory rules to support digital asset innovation while ensuring market safety and investor protection. This statement further reflects the trend of U.S. regulatory agencies pushing for clearer rules in the cryptocurrency industry.

The Hyperliquid Policy Center (HPC) and the wallet service provider Phantom submitted a joint opinion to the Commodity Futures Trading Commission (CFTC) calling for a clear delineation of the roles of "infrastructure developers" and "regulated financial service providers" in on-chain markets.The two parties suggested to the CFTC: first, to confirm that merely releasing on-chain protocol software does not constitute a regulated activity requiring registration, to avoid developers being viewed as unregistered exchanges or clearinghouses; second, to provide a compliant pathway for existing licensed exchanges and clearinghouses to engage in matching and clearing using on-chain infrastructure; third, to elevate the previous "no-action letter" regarding Phantom's "non-custodial wallets not being financial intermediaries" to formal rules, providing a unified and predictable regulatory framework for similar wallets.

According to The Block, the U.S. Supreme Court ruled 6 to 3 in favor of Trump's right to replace the leaders of several independent federal agencies, including the FTC, excluding the Federal Reserve, strengthening the president's control over personnel in regulatory agencies.As this ruling comes out, the SEC and CFTC are advancing a new round of regulatory rules for crypto assets, including rule revisions, exemptions, and the allocation of responsibilities regarding digital assets. Currently, the SEC is led by three Republican commissioners, while the CFTC has only its chairman, Michael Selig, in office.Former CFTC officials and industry insiders have stated that the reduction in the number of commissioners may weaken internal negotiations and the robustness of rules, and may also make rules under a single commissioner more susceptible to being rewritten or abolished in future administrations. However, as long as they comply with their respective authorizing statutes and the Administrative Procedure Act, the relevant rules still have legal effect.

The U.S. Commodity Futures Trading Commission (CFTC) plans to block the Chicago Mercantile Exchange (CME) from quickly listing a 24x7 oil contract due to concerns that the energy market is not ready to handle a surge of around-the-clock derivative contracts.CME stated in June that it plans to offer around-the-clock trading for a futures contract linked to WTI crude oil, based on 10 barrels, arguing that investors want to manage their positions "whenever news breaks." On Wednesday, CME submitted a self-certification application for this new product, meaning the CFTC has only one day to intervene, or the contract will be available for trading. According to informed sources, the CFTC plans to block CME's self-certification.CFTC Chairman Michael C. Selig has met in recent weeks with executives from energy companies such as Shell, Vitol, BP, and ExxonMobil. Another application submitted by CME for the same product (which requires a 45-day review period) is still under consideration by the regulatory agency.

Michael Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that the cryptocurrency market structure bill, the Clarity Act, "is very close to being finalized," and urged Congress to complete its passage before the August recess.

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated on the X platform that under the supervision of the U.S. President's Digital Asset Market Working Group, the U.S. will never launch a central bank digital currency.

The U.S. CFTC has sued North Carolina man Trevor Vernon and his company Argent Capital Management LLC, accusing them of defrauding approximately 60 investors out of a total of $14 million through a fraudulent commodity pool.According to the complaint filed by the CFTC in the U.S. District Court for the Western District of North Carolina, the commodity pool operated by Vernon and his company involved trading in multiple asset classes, including stock index futures options, stock index futures contracts, and crypto assets. The CFTC stated that Vernon falsely claimed to investors that he was a "successful trader" through quarterly financial updates and monthly performance review emails, while in reality, he was incurring significant losses when trading with investor funds. The regulatory agency indicated that Vernon had accumulated losses of at least $8.6 million in futures, options, and crypto trading. The CFTC stated that the actual trading results were "persistent and catastrophic losses," which were severely inconsistent with the profitability presented to investors.

According to Jinshi, the U.S. Commodity Futures Trading Commission (CFTC) stated that traders' overall positioning sentiment towards the dollar has risen to the most optimistic level since 2015.

Lighter founder and CEO Vladimir Novakovski tweeted that he has joined the U.S. Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee as a member.

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated on the X platform that Illinois' legislation implementing a so-called "sin tax" on blockchain technology could jeopardize Chicago's future status as a financial market center.The bill even imposes taxes on the transfer of cryptocurrency assets that have not generated any economic benefits. Mike Selig referred to it as "slowdown legislation" and stated that the bill transforms residents' property rights from "inherent rights" to "privileged rights that require permission."Mike Selig further added that, against the backdrop of blockchain technology continuously reshaping financial markets, replacing policies that promote economic growth with taxes on cryptocurrency wallets may be viewed by history as a turning point or even a signal of decline for Chicago's financial development.

According to BBX data, the prediction market faced a dual attack yesterday, with traditional exchange infrastructure accelerating its on-chain transition. The core dynamics are as follows:The prediction market/event contract ecosystem where Robinhood Markets, Inc. (NASDAQ: $HOOD) operates suffered a dual regulatory blow yesterday: first, the U.S. Commodity Futures Trading Commission (CFTC) has launched a comprehensive investigation into Polymarket (privately held), covering its social media activities and suspected wash trading behaviors; second, a Michigan court ruled to prohibit Kalshi (privately held) from offering sports betting services to residents in Michigan. Although these two incidents directly target Polymarket and Kalshi, their strategic importance to Robinhood cannot be ignored—Robinhood provides event contract products linked to KalshiEx LLC or ForecastEx LLC through its subsidiary Robinhood Derivatives LLC, making it the largest distribution channel for prediction markets among regulated brokers in the U.S. The CFTC's escalation of enforcement investigations into similar platforms will directly impact Robinhood's event contract business compliance framework and product expansion speed; in June, the average daily trading volume in this sector reached a historic record.Nasdaq, Inc. (NASDAQ: $NDAQ) announced yesterday that it has chosen Pyth Network (on-chain price oracle protocol) as its on-chain distribution partner for TotalView (Nasdaq's full market depth data product), marking the first time Nasdaq has integrated its core institutional-level market data into a blockchain network—TotalView provides full-level buy and sell quotes and transaction data for the U.S. stock market, historically only available to traditional financial institutions (subscription-based); on-chain distribution means that DeFi protocols, decentralized exchanges, and smart contracts can now access Nasdaq-level real-time equity market data as an on-chain pricing basis for the first time. The Pyth Network token (PYTH) subsequently rose by over 6%, with the market interpreting this as a historic fusion point between traditional securities market infrastructure and decentralized finance.

A Massachusetts judge approved a revised complaint submitted by the state attorney general against the prediction market platform Kalshi on Tuesday. The new complaint accuses Kalshi of illegally offering sports betting without the permission of the state's betting commission and allegedly attracting users under the age of 21 to participate in betting through marketing on college campuses.The state had previously issued a preliminary injunction against Kalshi, suspending its sports event contract business. However, the Commodity Futures Trading Commission (CFTC) had previously submitted a brief to the court supporting Kalshi, arguing that federal agencies have exclusive jurisdiction over prediction markets and are not subject to state-level regulation. Additionally, several traditional betting organizations in the U.S. are lobbying Congress to explicitly prohibit such sports-related event contracts in the Digital Asset Market Clarity Act (CLARITY Act).

According to Bloomberg, the Commodity Futures Trading Commission (CFTC) is conducting a broad investigation into the prediction market platform Polymarket, covering its business activities including social media operations.Previously, The Wall Street Journal reported that Polymarket hired dozens of social media creators, primarily of college age, to create fake trading videos to attract users. This investigation encompasses other aspects of the company's business. The CFTC and the Department of Justice concluded an investigation last year into whether Polymarket violated the ban on U.S. users, but some U.S. users still access its main platform by circumventing the ban through VPNs and other means.Since reaching a settlement with the CFTC in 2022, Polymarket has technically prohibited U.S. users from using its main platform, but the company is taking steps to reintroduce its main exchange to the U.S. and is cooperating with the CFTC to lift the ban. Senators Adam Schiff and John Curtis sent a letter to the CFTC last Thursday, requesting confirmation of whether an investigation into Polymarket's advertising practices is ongoing and inquiring how the agency has prevented Polymarket from attracting U.S. users since the 2022 action.

According to BBX data, last weekend Japan's largest financial group completed the most important cryptocurrency acquisition, and U.S. bipartisan senators launched a new regulatory offensive against prediction market platforms. The core developments are as follows:SBI Holdings, Inc. (Tokyo Stock Exchange: 8473) announced the acquisition of the Japanese cryptocurrency exchange Bitbank (privately held) for approximately $289 million. After the transaction is completed, SBI's cryptocurrency business will surpass all competitors, creating Japan's largest cryptocurrency exchange. SBI Holdings is one of Japan's largest independent financial services groups, already owning cryptocurrency-friendly network bank SBI Shinsei Bank, cryptocurrency asset custodian SBI Digital Asset Holdings, and multiple Bitcoin mining and cryptocurrency venture capital investments. Bitbank is one of Japan's largest spot BTC exchanges and holds an official cryptocurrency exchange license from the Financial Services Agency (FSA) of Japan. This acquisition marks a shift for traditional Japanese financial institutions from "strategic trial" in the cryptocurrency sector to "scale acquisition dominance," alongside the joint stablecoin plan of the three major banks: Mitsubishi UFJ ($MUFG), Sumitomo Mitsui ($SMFG), and Mizuho ($MFG) (targeting March 2027), forming the most intensive wave of cryptocurrency layout in Japan's financial industry by 2026.U.S. Senators John Curtis (Republican, Utah) and Adam Schiff (Democrat, California) reported on June 28 that they jointly sent a letter to the CFTC, urging it to conduct a formal investigation into the prediction market platform Polymarket (privately held), citing a "concerning" investigative report regarding Polymarket's "deceptive marketing" practices, which accused it of systematic misleading in user acquisition and risk disclosure. This is the third regulatory offensive against prediction market platforms initiated by Congress this year (previously, the House Oversight Committee launched an insider trading investigation on May 22); the two senators come from different parties, which is significant. For Robinhood Markets, Inc. (NASDAQ: $HOOD), this investigation poses indirect pressure—Robinhood's prediction market/event contract business (which achieved a record daily trading volume in June) faces the same regulatory qualitative disputes as Polymarket; however, Robinhood's defensive advantage lies in its ongoing application for a CFTC Designated Contract Market (DCM) license, providing a clearer compliance path compared to Polymarket.

According to Jinshi reports, data from the Commodity Futures Trading Commission (CFTC) shows that as of the week ending June 23, stock fund managers increased their net long positions in the S&P 500 Index CME by 4,547 contracts to 987,977 contracts.At the same time, stock fund speculators reduced their net short positions in the S&P 500 Index CME by 146,022 contracts to 355,669 contracts.

According to the official website of the U.S. Commodity Futures Trading Commission (CFTC), the CFTC and the U.S. Securities and Exchange Commission (SEC) jointly issued a document seeking public comments on further coordination of the regulatory framework for portfolio margin and cross-margin for securities, security-based swaps, futures, swaps, and related positions. The two agencies aim to enhance risk management efficiency, reduce unnecessary market fragmentation, and strengthen customer protection through unified or strengthened coordination.The key points for public comment include existing portfolio margin models and practices, customer protection, cross-margining and inter-product offsets, capital and margin and collateral handling, clearinghouse and clearing organization arrangements, as well as technology and operational implementation, with a comment period of 60 days after the document is published in the Federal Register.

According to Cryptopolitan, the prediction market platform Kalshi has filed a lawsuit in the U.S. District Court for the Northern District of Illinois, challenging the newly signed SB3019 bill in the state. The bill requires prediction market platforms to obtain state-level licenses and imposes a 0.2% tax on digital asset transactions involving Illinois customers, set to take effect on July 1. Kalshi argues that federal law grants the CFTC exclusive jurisdiction over exchange-traded derivatives, and that additional state regulatory requirements conflict with the Commodity Exchange Act.If Kalshi withdraws sports event contracts from Illinois to comply with state law, it would directly violate the CFTC's uniformity requirement; if it continues to operate without a license, it would violate state law, and implementing geographic blocking technology would be costly. This lawsuit is the latest case in the dispute over prediction market jurisdiction between the CFTC and various states, with the CFTC having sued nine states to assert federal authority.