Overview
- CFTC Chair Michael Selig withdrew the 2024 proposal and a 2025 advisory that targeted political and sports event contracts.
- He directed staff to draft new event‑contract standards and to reassess the agency’s participation in court cases over jurisdiction.
- Selig and SEC Chair Paul Atkins relaunched Project Crypto to align oversight, pursue a shared crypto asset taxonomy, and reduce duplicative compliance.
- The Senate Agriculture Committee advanced the Digital Commodity Intermediaries Act on a 12–11 party‑line vote, with Banking Committee action still pending and stablecoin‑yield treatment unresolved.
- Legal pressure at the state level continues for prediction platforms, highlighted by a Massachusetts ruling blocking Kalshi from offering sports betting in the state.