SBF continues to futilely seek a pardon, but the White House has made it clear that Trump has no intention of granting him one.

SEC Crypto Safe Harbor Proposal Enters White House Review Stage

Gate News: On April 7, Paul Atkins, Chair of the U.S. Securities and Exchange Commission (SEC), said at the Vanderbilt University Digital Assets Summit that the SEC’s proposed crypto “safe harbor” framework has been submitted to the Information and Regulatory Affairs Office (OIRA) for review under the Office of Management and Budget, and that only one final step remains before it is formally released. The proposal includes a “start-up exemption” provision, allowing crypto projects to raise a certain amount of funding within a four-year period, while requiring specific disclosures to protect investors. Atkins also revealed that the SEC is moving forward with an “innovation exemption” mechanism, which would create a regulatory sandbox for on-chain assets, but the initiative has sparked controversy between crypto advocates and traditional financial institutions. Atkins emphasized that related legislation still needs to be advanced to ensure the regulatory framework has staying power across administrations.

Appeals court blocks New Jersey from shutting down Kalshi's sports markets

An appeals court ruled Monday that New Jersey could not temporarily ban prediction market provider Kalshi, giving the platform a much-needed win against an onslaught of state enforcement actions. A Third Circuit Court of Appeals panel ruled in a 2-1 vote that the state could not bring an enforcemen

Jack Dorsey posted to confirm that Apple has removed Bitchat, the decentralized messaging software, at China’s request.

Block CEO Jack Dorsey confirmed that Apple has removed the decentralized communications app Bitchat in accordance with China’s requirements because it violates China’s Cybersecurity Law. Bitchat uses Bluetooth and a mesh network for communication and does not rely on the internet, which is why it has been widely used in protests. The app can still be used in other countries, and the global download count has exceeded 3 million.

U.S. CFTC Chair: The federal regulatory framework is clear that the CFTC has jurisdiction over prediction markets

Gate News message: On April 6, U.S. Commodity Futures Trading Commission (CFTC) Chair Mike Selig posted on the X platform that U.S. federal law clearly states that the derivatives market is regulated by the CFTC. Whether it is prediction markets related to sports, politics, or oil prices, under the federal regulatory framework the CFTC has clear jurisdiction to regulate these markets, and it is obligated to uphold the relevant regulations.

Polymarket and Kalshi Face Setbacks as Prediction Markets Confront Legitimacy Questions - Unchained

This week, major prediction market platforms Polymarket and Kalshi faced significant backlash, highlighting the divide between regulatory approval and public acceptance. Polymarket withdrew controversial betting markets after public outcry, while Kalshi's contract offerings were banned in Nevada, stressing the industry's legitimacy challenges.

Korea’s FSC requires exchanges to set up an asset reconciliation system every 5 minutes, to be deployed by the end of May

The Korea Financial Services Commission requires all cryptocurrency exchanges to set up a system to verify assets every 5 minutes, and to complete it by the end of May. It found that some exchanges’ verification frequency is insufficient and that there are defects in their trading circuit breaker mechanisms; all exchanges are required to publish their asset balances and submit to audits. The regulatory measures stem from an operational mistake at an exchange in February.