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The chief executive of USDT stablecoin issuer Tether is reportedly working with US authorities to construct laws around dollar-pegged crypto assets. In a new post on the social media platform X, Fox Business journalist Eleanor Terrett reports that Paolo Ardoino and Tether are “actively engaging” with the US government on how to best form laws around stablecoins. According to Ardoino, not only will Tether advise on the stablecoin bills unveiled this month, the firm will comply with the law whichever way the regulation goes. “We are going to work within the regulatory framework, and we are going to try to advise on every single one of these field proposals to make sure that our voice is heard… We are not going to just throw in the towel and let Tether die just for the sake of not adapting to U.S. legislation. But there is still a lot of uncertainty over what’s actually going to happen, and we want our voice to be heard in the legislative pro...

The Commodity Futures Trading Commission (CFTC) has announced its review of contracts offered by KalshiEX, a prediction market provider that also supports crypto bets. The regulator says the move aims to ensure the contracts ’ fairness and regulatory compliance . CFTC examines Kalshi’s political prediction contracts The CFTC, the regulatory authority overseeing various trading contracts, has turned its attention to Kalshi and its offering in the market. Kalshi submitted contracts to allow participants to speculate on which political party would achieve control over distinct sections of the U.S. Congress. Individuals can place bets when there is a question of whether a political party will have control over a particular group of Congress members or not. As described by Kalahi, these contracts are settled with monetary transactions rather than physical assets. You might also like: CFTC approves Cboe margin crypto futures However, the CFTC has launched a compre...