Regulatory Developments and Stablecoin Market Shifts
Regulatory Developments and Stablecoin Market Shifts
Recent news highlights ongoing regulatory actions and significant shifts within the stablecoin market. A US Federal Judge issued a preliminary injunction against Tennessee in favor of Kalshi, affirming that its sports event contracts fall under CFTC jurisdiction. Concurrently, a stablecoin ecosystem identified as A7A5 faces accusations of sanctions evasion while reportedly establishing an alternative financial network. In broader financial regulatory news, House Democrats are pressing the Treasury Department regarding World Liberty Financial's national trust bank charter request, citing concerns over systemic risk. Notably, Tether's USDT stablecoin is experiencing its largest monthly supply reduction since the 2022 FTX collapse, primarily driven by reduced holdings from whales and smart money traders.
Regulatory and Market Developments
US Federal Judge Aleta Trauger granted Kalshi a preliminary injunction against Tennessee, finding its sports event contracts fall under CFTC jurisdiction.
Stablecoin ecosystem A7A5 has faced accusations of sanctions evasion and, according to some analysts, is creating an alternative, sanctions-free financial network.
House Democrats are pressing Treasury Secretary Scott Bessent over World Liberty Financial’s push for a national trust bank charter, citing systemic risk.
Tether’s USDT is nearing its largest monthly supply drop since the collapse of FTX, with whales and smart money traders continuing to reduce their USDT holdings.