Bitcoin's price continues to react sharply to US-Iran tensions, with recent gains erased by new strikes and warnings of further military action adding to market uncertainty.
Bitcoin reached a two-week high, climbing above $65,500, following a peace agreement between the US and Iran that eased geopolitical tensions and boosted risk assets.
The CFTC has put forward new regulations aiming to distinguish legitimate prediction markets from gambling, potentially impacting how these contracts operate in the US.
The CFTC has introduced a proposed rule to define "public interest" criteria for prediction market contracts, signaling a significant shift towards formal regulation for these platforms.
A group of prominent U.S. lawmakers is actively opposing the Department of Labor's potential move to allow cryptocurrency investments within 401(k) retirement plans.