Regulation
Latest news, analysis, and updates on Regulation from A47 News.
16 stories in Crypto · Updated live
New York Attorney General Files Lawsuits Against Coinbase and Gemini for Illegal Gambling Operations
On April 21, 2026, New York Attorney General Letitia James filed lawsuits against Coinbase Financial Markets and Gemini Titan, alleging their prediction market platforms operate as illegal gambling. This legal action is prompted by concerns over unlicensed betting on sports and events, including violations of age restrictions and state taxation laws. The long-term implication may lead to increased regulatory scrutiny and potential changes in how prediction markets are governed at both state and federal levels.
BIS Raises Alarm Over Financial Stability Risks of $320 Billion Stablecoin Market
The Bank for International Settlements has issued a warning regarding the financial stability risks posed by the growing stablecoin market, particularly U.S. dollar stablecoins. This concern arises from the rapid growth of stablecoins and the fragmented regulatory landscape that could lead to financial instability. In the long term, increased regulatory scrutiny is expected to reshape how stablecoins are managed and integrated into the global financial system.
UK FCA conducts first raids on illegal P2P crypto trading platforms
The UK's Financial Conduct Authority has raided eight locations in London suspected of facilitating illegal peer-to-peer crypto trading. This crackdown is driven by increasing concerns over unregistered trading platforms and their association with financial crime. The long-term implication is a likely shift towards stricter regulations in the UK cryptocurrency market to enhance consumer protection and mitigate risks.
RAVE token volatility triggers investigations into market manipulation
RAVE's price experienced a dramatic 95% crash after allegations of a pump-and-dump scheme emerged, leading to a loss of nearly $6 billion in market capitalization. The immediate trigger for this volatility was the accusation by blockchain investigator ZachXBT, which prompted major exchanges like Binance and Bitget to initiate investigations. The long-term implication may involve increased regulatory scrutiny and potential changes in trading practices within the cryptocurrency market.
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Tether Freezes $344 Million in USDT Amid Regulatory Scrutiny
Tether has frozen $344 million in USDT due to its connections to illicit activities, following requests from U.S. law enforcement. This action reflects Tether's ongoing cooperation with authorities and the increasing regulatory scrutiny on stablecoins. The long-term implication may lead to stricter compliance measures across the cryptocurrency industry, potentially reshaping market dynamics.
U.S. Senate Banking Committee Advances CLARITY Act for Cryptocurrency Regulation
The U.S. Senate Banking Committee has advanced the CLARITY Act, a crucial piece of legislation aimed at establishing a regulatory framework for cryptocurrencies. This legislative action is driven by the urgent calls from over 100 crypto organizations advocating for clearer regulations amid ongoing market uncertainties. If passed, the CLARITY Act could significantly enhance market confidence and shape the future of cryptocurrency investment in the U.S.
US Senate deliberates on CLARITY Act amid industry concerns over crypto market impact
The US Senate is approaching a critical decision regarding the CLARITY Act, with potential markup scheduled for May 11. Industry leaders, including Morgan Creek Capital CEO Mark Yusko, have raised alarms that the bill could exacerbate the ongoing crypto bear market, prompting calls for a delay in discussions. The outcome of this legislation could significantly shape the regulatory landscape for digital assets in the United States.
Kraken Files 56 Million Crypto Tax Forms Advocating for Regulatory Reform
Kraken has filed 56 million tax forms for 2025, highlighting the excessive reporting burden on cryptocurrency transactions. The immediate push for a de minimis exemption comes as one-third of these forms report transactions below $1, prompting Kraken to seek relief from Congress. If successful, this could lead to significant changes in U.S. tax regulations for cryptocurrency, easing compliance for users and potentially influencing broader legislative reforms.