In a high-stakes legal confrontation, cryptocurrency exchange Coinbase has filed federal lawsuits against the states of Connecticut, Michigan, and Illinois. The core of the dispute centers on who holds regulatory authority over prediction markets—state gaming boards or the federal Commodity Futures Trading Commission (CFTC). With Coinbase preparing to launch its own CFTC-regulated prediction market platform in January 2026, this legal battle seeks to preemptively block state intervention, which the company argues would stifle innovation and violate federal law by creating a patchwork of conflicting regulations.
about Coinbase Sues 3 States Over Prediction Market RegulationPaul Grewal
0 posts last weekBitcoin Rebounds to $93K as Coinbase Pushes for Crypto Regulation
Bitcoin has surged back to $93,000 following recent declines, while Coinbase leadership is actively advocating for regulatory clarity in the U.S. At the DealBook Summit, CEO Brian Armstrong expressed hope for a Senate vote on the CLARITY Act, a key digital asset framework bill. This dual narrative of market recovery and regulatory advocacy underscores a pivotal moment for the cryptocurrency industry as it seeks both price stability and legal legitimacy.
about Bitcoin Rebounds to $93K as Coinbase Pushes for Crypto RegulationCFTC Nominee Advances as Senate Committee Votes Along Party Lines
Michael Selig’s nomination to chair the Commodity Futures Trading Commission has cleared a critical Senate committee hurdle, setting the stage for a contentious full Senate vote. The advancement came along strict party lines with no Democratic support for President Donald Trump’s pick to replace acting Chair Caroline Pham, highlighting the political divisions surrounding financial regulation and digital asset policy at a pivotal moment for the crypto industry.
about CFTC Nominee Advances as Senate Committee Votes Along Party LinesSony Bank’s Stablecoin Charter Bid Sparks Banking Industry Clash
The Independent Community Bankers of America is urging federal regulators to block Sony Bank’s application for a national trust charter to issue stablecoins, warning that the Japanese financial giant is exploiting regulatory loopholes to bypass traditional banking oversight. The banking group’s opposition has sparked accusations of protectionism from crypto advocates, who argue that stablecoins can serve unbanked populations and reduce reliance on traditional banks, setting the stage for a pivotal regulatory battle as the stablecoin market surges past $311 billion.
about Sony Bank's Stablecoin Charter Bid Sparks Banking Industry ClashCoinbase Moves from Delaware to Texas for Crypto-Friendly Rules
Coinbase, America’s largest cryptocurrency exchange, is officially relocating its corporate headquarters from Delaware to Texas in a strategic move that signals growing corporate dissatisfaction with traditional business hubs. The Nasdaq-listed company cited Texas’ crypto-friendly environment, predictable legal framework, and “strong culture of celebrating builders” as key factors driving the decision, marking a significant shift for the cryptocurrency industry leader that follows a broader trend of major tech companies choosing Texas for its business-friendly regulations.
about Coinbase Moves from Delaware to Texas for Crypto-Friendly RulesCoinbase Reincorporates from Delaware to Texas
Cryptocurrency exchange Coinbase is moving its legal incorporation from Delaware to Texas, citing concerns about Delaware’s unpredictable court system. The decision highlights growing tensions between crypto companies and traditional regulatory environments. Coinbase’s chief legal officer announced the move would provide better efficiency and predictability for the company, reflecting a strategic shift in how digital asset firms are navigating the complex U.S. legal landscape.
about Coinbase Reincorporates from Delaware to TexasBanks Fight Coinbase’s Bid for Federal Trust Charter
Major banking associations are intensifying their opposition to Coinbase’s application for a national trust bank charter, revealing deep tensions between traditional financial institutions and cryptocurrency firms seeking regulated status. The Independent Community Bankers of America and Bank Policy Institute have formally urged the Office of the Comptroller of the Currency to block Coinbase’s bid, citing systemic risks and legal concerns. Coinbase Chief Legal Officer Paul Grewal has countered that banks are engaging in protectionism disguised as consumer protection, preferring crypto remain unregulated to avoid competition.
about Banks Fight Coinbase's Bid for Federal Trust CharterCoinbase Urges Treasury to Modernize AML with AI, Zero-Knowledge Tech
Coinbase has launched a sweeping critique of U.S. anti-money laundering regulations, calling them “broken” and urging the Treasury Department to embrace artificial intelligence, APIs, and zero-knowledge proofs to combat financial crime in digital assets. The crypto exchange’s formal proposal argues that decades-old Bank Secrecy Act requirements have created an ineffective compliance system that burdens consumers, stifles innovation, and creates privacy risks through repeated KYC data collection. As Treasury compiles industry responses for congressional review, the debate highlights growing tension between traditional financial oversight and emerging blockchain technologies.
about Coinbase Urges Treasury to Modernize AML with AI, Zero-Knowledge TechCoinbase Urges US to Use Blockchain Analytics Against Crime
Coinbase has called on the US government to deploy advanced technologies including blockchain analytics and artificial intelligence to combat financial crime in cryptocurrency. The crypto exchange made the recommendation in response to the Treasury Department’s request for public comment on deterring illicit crypto activity. Chief legal officer Paul Grewal emphasized that modern tools are essential to counter increasingly sophisticated money laundering schemes.
about Coinbase Urges US to Use Blockchain Analytics Against CrimeSEC Probed Over Gensler’s Deleted Texts in Crypto Crackdown
House Republicans have launched a sweeping investigation into the Securities and Exchange Commission after an internal watchdog revealed that nearly a year of text messages from former Chair Gary Gensler were permanently deleted due to agency failures. The missing communications span October 2022 through September 2023, coinciding with the SEC’s most aggressive enforcement campaign against cryptocurrency firms, creating what lawmakers call a glaring double standard in regulatory oversight.
about SEC Probed Over Gensler's Deleted Texts in Crypto CrackdownOhio Approves Crypto Payments for State Services
Ohio has positioned itself at the forefront of state-level cryptocurrency adoption with the unanimous approval of a vendor to process Bitcoin and other digital asset payments for state fees and services. The Ohio State Board of Deposit’s decision, championed by Secretary of State Frank LaRose, marks a significant step in integrating cryptocurrency into public finance and reflects a broader legislative push to make Ohio a hub for digital asset innovation.
about Ohio Approves Crypto Payments for State ServicesCFTC Explores Tokenized Collateral for Derivatives Markets
The U.S. Commodity Futures Trading Commission has launched a landmark initiative to explore integrating tokenized collateral and stablecoins into derivatives markets, signaling a potential transformation in how financial markets operate. Acting Chair Caroline D. Pham announced the public consultation on September 23, framing tokenization as the future of capital markets and inviting industry feedback until October 20 on how digital assets could enhance efficiency, reduce risk, and expand acceptable collateral types in regulated derivatives trading.
about CFTC Explores Tokenized Collateral for Derivatives Markets