Policy

Kalshi’s crypto perpetuals spark debate over whether they’re futures or swaps

A clash between derivatives veterans is exposing a deeper discussion over how U.S. regulators should classify crypto perpetual contracts.

The Policy Protocol

FTX's Sam Bankman-Fried loses appeal of criminal conviction on fraud, conspiracy charges

The onetime FTX CEO did not persuade a panel of judges that his trial was unfair, the appeals court panel ruled Friday.

VoxPop

Former SEC, CFTC Chair Gary Gensler argues that prediction markets don't overrule state regulations

The former regulator joined a number of interest groups in arguing that prediction markets are overstepping their bounds by offering sports-related contracts.

Then-SEC Chair Gary Gensler speaking at the International Swaps and Derivatives Association Treasury Forum on June 5, 2024. (Nikhilesh De/VoxPop)
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More from Policy

Crypto tax bills a work-in-progress as U.S. House lawmakers pose concerns

The effort to push several tax bills is meant to be bipartisan, but the parties may not be comfortable with all details of the seven bills weighed by the panel.

U.S. Capitol, the seat of Congress in Washington (Jesse Hamilton/VoxPop)

UK financial regulator moves to allow mutual funds 10% exposure to crypto ETNs

The Financial Conduct Authority proposed allowing some investment schemes to add exposure to crypto exchange-traded notes.

UK FCA building (FCA)

Sam Bankman-Fried officially asks Trump for a presidential pardon

The fallen crypto mogul serving a 25-year sentence filed a clemency petition, betting on Donald Trump's history of crypto pardons even though the president had told him not to count on one.

FTX founder Sam Bankman-Fried is seen arriving at court on Dec. 19, 2022 in Nassau, Bahamas. (MEGA/GC Images)

A quick review of the Ways and Means tax bills: State of Crypto

The House Ways and Means Committee is gearing up for its big tax push.

U.S. Capitol, the seat of Congress in Washington (Jesse Hamilton/VoxPop)

U.S. House tax committee weighs crypto bills, including relief for small transactions

Seven draft bills are being circulated by the House Ways and Means Committee ahead of a hearing next week, including proposals to ease small-gain, mining and staking burdens.

The IRS has issued guidance on how it intends to tax crypto staking rewards. (Jesse Hamilton/VoxPop)