Former SEC and CFTC chair Gary Gensler filed an amicus brief in the Sixth Circuit arguing federal law does not give the CFTC authority to regulate sports-related prediction market contracts. He contends the products resemble state-regulated sports betting rather than Dodd-Frank "swaps," as multiple courts and states continue to clash over oversight.

Bipartisan House lawmakers introduced a bill on Thursday to set up a federal task force to investigate crypto fraud and hacking, led by the U.S. attorney general. The proposal cites more than $11 billion in 2025 losses and aims to coordinate DOJ, FBI, DHS, and Treasury efforts while giving victims a clearer federal reporting route.

Polish President Karol Nawrocki vetoed a cryptocurrency regulation bill for the third time, arguing that lawmakers adopted only 1 of 16 amendments proposed by his office. The move leaves Poland without a national framework to apply the EU's MiCA rules ahead of the July 1 compliance deadline, raising uncertainty over how local firms will secure required licenses.

On June 11, the U.S. Department of Justice said prosecutors in Philadelphia charged two men accused of operating the AudiA6 crypto-laundering service, which allegedly processed more than $389 million in illicit transactions since 2021. The DOJ said Ruslan Igorevich Tkachuk, 37, and Alexander Vladimirovich Ledenev, 25, were arrested in Batumi, Georgia on June 10, and the U.S. plans to seek their extradition. Authorities allege the network handled about 10,333 BTC and offered laundering services for fees of up to 5%.

Jeff Bezos said AI is more likely to create labor scarcity and lift living standards, pushing back on fears of mass unemployment. Meanwhile, U.S. figures cited in the report include close to 50,000 announced AI-linked layoffs in 2026 and a 55% drop in hiring for junior developer roles since 2019. Global estimates also indicate 75 million jobs could face automation risk from generative AI.

South Korean police have designated Bithumb CEO Lee Jae-won as a suspect in a bribery probe tied to the alleged preferential hiring of an independent lawmaker’s son. The investigation adds to Bithumb’s recent regulatory and operational troubles, including a March six-month partial suspension with a $24.2 million fine and a February error that mistakenly credited users with about 620,000 Bitcoin.

Raydium said it will cover losses after an attacker drained about $1.34 million from five deprecated liquidity pools tied to its legacy AMM V3 program that has been phased out since 2021. The team said current users and active pools were not impacted, and stated reimbursement will be paid from Raydium's treasury while it reviews mainnet programs for vulnerabilities.

On June 10, 2026, the U.S. Commodity Futures Trading Commission released its first proposed framework for prediction markets, outlining how it would judge whether event contracts serve the public interest or violate federal law. The draft uses a three-step review and a flexible balancing test, and would open a 45-day public comment period after finalization, taking effect 60 days after adoption.

Sen. Elizabeth Warren has asked the SEC to postpone SpaceX's Nasdaq IPO, which is slated to begin trading as early as June 12, 2026 under ticker SPCX. The deal targets a $1.75 trillion valuation via 555 million Class A shares at $135, and critics cite a roughly 103x price-to-sales multiple and potential spillover risk to index-tracking retirement funds.