Regulatory heat rising! 🔥
1/ Utah AG hits Kalshi & founders with 14 criminal charges (13 felonies) over event contracts. CFTC fires back, claiming exclusive federal jurisdiction. Major precedent for prediction markets. ⚖️
2/ South Korea's FSC inspects Bithumb after employee data breach. Stricter security standards incoming for crypto firms. 🇰🇷🛡️
Why it matters: Jurisdiction battles & data-security crackdowns are defining the next era of crypto regulation globally.
1/ Utah AG hits Kalshi & founders with 14 criminal charges (13 felonies) over event contracts. CFTC fires back, claiming exclusive federal jurisdiction. Major precedent for prediction markets. ⚖️
2/ South Korea's FSC inspects Bithumb after employee data breach. Stricter security standards incoming for crypto firms. 🇰🇷🛡️
Why it matters: Jurisdiction battles & data-security crackdowns are defining the next era of crypto regulation globally.