CFTC Chair Rostin Behnam announced the agency has prepared digital asset market structure proposals that can advance even if Congress fails to pass the CLARITY Act. The commission is prepared to implement its own regulatory framework quickly if legislative efforts stall.
CFTC Chairman Mike Selig told the agency's Innovation Advisory Committee that the commission will not wait for Congress and has directed staff to prepare crypto regulations if the Clarity Act fails to pass. The directive signals the agency's intent to move unilaterally on digital asset oversight.
GnosisDAO approved a proposal to transform Gnosis Chain from an independent Layer 1 into an Ethereum-settled zero-knowledge rollup. The transition will unlock approximately 350,000 staked GNO tokens, representing 27% of total supply.
Coinbase received regulatory approval from Abu Dhabi's Financial Services Regulatory Authority to establish a global hub for tokenized securities issuance and custody. The hub positions Coinbase as key infrastructure for on-chain finance in the region.
Robinhood reported $1.31 billion in Q2 revenue, its highest quarterly result on record, driven partly by prediction markets. Event contracts generated $156 million in the quarter, a tenfold increase year-over-year.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
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