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LATEST: 🇺🇸 Defense Secretary Pete Hegseth has banned Pentagon personnel from using nonpublic information to bet on US military operations, per CBS News. The Oct. 20 memo names both Polymarket and Kalshi, with Hegseth warning "our enemies watch movements in these markets."

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LATEST: 🇺🇸 Defense Secretary Pete Hegseth's annual financial disclosure shows Bitcoin held in a Coinbase wallet across two entries worth a combined $16,000 to $65,000.

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LATEST: 🇺🇸 Democratic Senator Elissa Slotkin says she voted "No" on the CLARITY Act because the ethics rules were "simply too thin," but remains "open-minded" to future legislation and wants the US to lead in crypto innovation.

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LATEST: 🇺🇸 Elon Musk predicts AI will roughly double US GDP growth next year, from ~2% to ~4%, or "maybe even more."

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LATEST: 🇺🇸 Ex-Treasury digital assets counselor Tyler Williams told Galaxy that pro-CLARITY Democrats voted no once its passage was clearly out of reach because voting yes could have carried a political cost.

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LATEST: 🇺🇸 Fed Chair Kevin Warsh called AI “probably the most consequential change to the US and the global economy in my lifetime.”

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LATEST: 🇺🇸 Fed Chair Kevin Warsh says AI will “fundamentally change the conduct of monetary policy,” giving central banks “all the information in the world” at their fingertips.

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LATEST: 🇺🇸 Fed Governor Michael Barr says he'll support a rate hike unless inflation shows convincing signs of returning to the central bank's 2% target.

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LATEST: 🇺🇸 FinCEN is withdrawing its 2020 proposal that would have required banks and money service businesses to report and verify customers on transfers involving unhosted crypto wallets.

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LATEST: 🇺🇸 FinCEN says overseas "pig butchering" scam networks have driven nearly $12.7B in suspicious crypto activity across the US since September 2023.

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LATEST: 🇺🇸 Former CFTC Chair Chris Giancarlo told Paul Barron he thinks "CLARITY is dead in this Congress," leaving Michael Selig and Paul Atkins to write the rules on crypto.

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LATEST: 🇺🇸 Former CFTC Chair Chris Giancarlo told Paul Barron that "if Gary Gensler and his crew couldn't kill" crypto, the CLARITY Act's failure won't either.

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LATEST: 🇺🇸 Former House Financial Services Committee Chairman Patrick McHenry told CoinDesk today's regulators "are very interested in innovation," adding, "It's not the Gensler regime.

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LATEST: 🇺🇸 Former New York Gov. Andrew Cuomo called the CLARITY Act’s failure “murder on the Orient Express,” adding, “basically it was politics.”

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LATEST: 🇺🇸 Former New York Governor Andrew Cuomo told Bloomberg "regulation is not legislation," warning crypto regulations can easily be undone.

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LATEST: 🇺🇸 Former NY Governor Andrew Cuomo told CNBC that "if we don't pass the CLARITY Act, it costs us internationally. Europe is ahead of us. Asia is ahead of us."

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LATEST: 🇺🇸 Former SEC and CFTC officials warn overly burdensome rules could keep crypto perps offshore, citing Kalshi's estimate of over $90T in offshore trading volume in 2025.

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LATEST: 🇺🇸 Former SEC enforcement official John Reed Stark says Paul Atkins seeks to "usurp Congressional authority to market a Ponzi scheme" with the SEC's innovation exemption, predicting it will fail like the CLARITY Act.

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LATEST: 🇺🇸 Franklin Templeton met with SEC Crypto Task Force staff on Oct. 9 to ask whether tokenized money market funds need 1940 Act relief to trade in pairs with tokenized stocks.

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LATEST: 🇺🇸 Galaxy CEO Michael Novogratz told Nicole Lapin the US had “a generational chance” with the CLARITY Act but politics killed it.

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LATEST: 🇺🇸 Galaxy research head Alex Thorn says the CLARITY Act still has "a tiny chance" of a final revival in this session of Congress, but that the industry shouldn't expect it.

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LATEST: 🇺🇸 Galaxy's Alex Thorn says the market has already priced in the CLARITY Act's low odds of success, meaning a successful vote could be a "huge upside catalyst" while a failed one carries minimal downside risk.

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LATEST: 🇺🇸 Grayscale says it remains "committed to advancing clear, comprehensive rules for digital assets" despite the CLARITY Act stalling in the Senate.

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LATEST: 🇺🇸 Grayscale's Zach Pandl says the CLARITY Act's passage is "not determinative" for US crypto markets, as regulation is already advancing on stablecoins, tokenization, and perps through other channels.

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