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Bipartisan Senate Proposal Seeks to Extend CFTC’s Reach Into Crypto Spot Markets

A bipartisan discussion draft from the Senate Agriculture Committee aims to give the Commodity Futures Trading Commission (CFTC) authority over spot-market trading of digital commodities like Bitcoin and other non-security crypto tokens. Senators John Boozman and Cory Booker introduced the proposal, emphasizing the necessity for clear regulatory rules in the emerging crypto market while protecting consumer interests. The draft mandates exchanges, brokers, and dealers to register with the CFTC and outlines protections for self-custody wallet rights. The legislation proposes a dedicated funding stream for CFTC's new spot market oversight, establishing a transition period for existing operators awaiting registration. However, sections of the draft regarding decentralized finance (DeFi) and anti-money laundering regulations remain unresolved. The push reflects an effort to harmonize regulatory efforts between the CFTC and the SEC, marking a significant development in U.S. financial oversight as both agencies look to reduce duplication and conflict in their regulatory frameworks.

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Prediction Markets Indicate U.S. Government Shutdown Might End Soon

Prediction markets suggest that the lengthy U.S. government shutdown may conclude shortly, with traders assigning a 96% probability of it reopening between November 12 and 15. A recent Senate vote advanced a bipartisan funding bill, yet critical issues such as Affordable Care Act subsidies remain unresolved. Political pressures are

Prediction Markets Say U.S. Government Shutdown Days From Ending as Health Care Fight Looms

The U.S. government shutdown appears to be nearing its end, with prediction markets indicating a 96% chance of resolution by mid-November. A Senate vote advanced a funding bill intended to reopen the government, although significant issues, including Affordable Care Act subsidies, remain unresolved. Traders are predicting the shutdown could

Prediction Markets Suggest U.S. Government Shutdown is Nearing an End

Prediction markets indicate a 96% likelihood that the lengthy U.S. government shutdown will conclude between November 12 and 15. This optimism follows a Senate vote that passed a bipartisan funding bill aimed at reopening government operations. However, unresolved issues remain, particularly regarding Affordable Care Act subsidies critical for many

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