Wyoming Stablecoin Committee Hiring 2026 Summer Legal Interns to Participate in Digital Asset Regulatory Framework Development

Netherlands bans Polymarket for "illegal gambling"

The Netherlands Gambling Authority has ordered Polymarket to cease operations in the country, threatening fines of up to €840,000 for unauthorized gambling. This action reflects strict regulatory measures prioritizing consumer protection over innovation amidst a growing global prediction market.

SEC allows a 2% haircut on broker-dealer's stablecoin

The SEC has issued new guidelines allowing broker-dealers to apply a 2% haircut on proprietary positions in stablecoins for collateral valuation, reducing the previous high discount rates. This change aims to integrate stablecoins more closely with traditional finance and enhance payment efficiency.

Hyperliquid Launches D.C. Policy Group as DeFi Talks Grow

Hyperliquid formed a D.C. nonprofit to engage Congress and federal regulators on DeFi rules. Hyper Foundation pledged 1M HYPE tokens, about $28M, to fund advocacy. The center will publish research, comment on rules, and address policy gaps for perpetual derivatives. Hyperliquid launched

Dutch regulator bans Polymarket from operating in the country

Foresight News: The Dutch regulatory authority (Ksa) has fined Polymarket operator Adventure One QSS Inc. for illegal gambling activities. Ksa has ordered Polymarket to cease operations in the country or face a weekly fine of 420,000 euros ($462,000), with a maximum penalty of 840,000 euros (approximately $924,000).

U.S. Democratic Congresswoman Calls on the Treasury Department to Investigate Potential Conflicts of Interest and National Security Risks Involving WLFI

Several Democratic members of the U.S. House of Representatives have written to Treasury Secretary Yellen, requesting an investigation into potential conflicts of interest and national security issues related to the Trump family’s cryptocurrency project, World Liberty Financial, especially concerning transactions involving the $500 million investment from the UAE royal family.

FED Kashkari blasts: Cryptocurrencies are "useless," stablecoins are a "hodgepodge of buzzwords"

While the White House actively embraces cryptocurrencies, the Federal Reserve (Fed) has reportedly voiced strong opposition. Neel Kashkari, President of the Minneapolis Federal Reserve Bank, went on the offensive on Thursday, stating that cryptocurrencies, including Bitcoin and stablecoins, have yet to prove any "practical use." At the "2026 Midwestern Economic Outlook Summit" held in Fargo, North Dakota, Neel Kashkari compared the everyday practicality of artificial intelligence (AI) tools to cryptocurrencies. "Cryptocurrencies have been around for over 10 years, yet they remain useless," he said. In contrast, AI technology "has genuine long-term development potential for the U.S. economy." To support his point, he asked the audience on the spot: how many people in the past week have used ChatGPT or Gemini?