Kentucky targets prediction markets, puts red state in potential clash with Trump team

“This action runs counter to the CFTC’s established framework for regulating prediction markets,” the spokesperson said in a statement emailed to CoinDesk. So far, the states that have filed such a challenge against the prediction markets have met with counter suits from the CFTC, where Chairman Mike Selig has taken an aggressive legal stance defending…

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Fidelity joins Wall Street’s race to manage stablecoin reserves

The GENIUS Act, signed into law last year, established the first federal framework for payment stablecoins in the United States. Among other requirements, issuers must hold reserves in cash, short-term Treasury securities and certain government money market funds. The legislation has created an opportunity for traditional asset managers to offer regulated vehicles that stablecoin issuers…

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Sanjay Raut showers cuss words like confetti | India News

NEW DELHI: Long confined to street-corner arguments, village chaupals and late-night college addas, cuss words such as ‘b…sdi’ and ‘g…u’ found a place in mainstream political discourse on Wednesday, with Sena UBT’s Sanjay Raut using them at a presser to describe defectors, and then telling reporters, “Don’t cut it, run it.“When questioned on his language,…

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Jeffrey Gundlach says Fed’s Warsh is not going to be the ‘easy money’ chairman many hoped for

DoubleLine Capital CEO Jeffrey Gundlach said new Federal Reserve Chairman Kevin Warsh struck a more hawkish tone than many investors expected, underscoring his commitment to restoring price stability and signaling less appetite for easy monetary policy. “He is absolutely telling you that he plans on delivering on price stability. So that means… we’re not going…

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