A public comment letter argues that regulated stablecoin issuers need clearer compliance standards to avoid sanctions risks tied to secondary-market activity. Anchorage Digital, a federally chartered crypto bank and stablecoin infrastructure provider, has submitted a public comment letter supporting the US Treasury Department’s proposed Anti-Money Laundering (AML) and sanctions framework for the GENIUS Act, arguing that the rules largely strike the right balance between compliance and innovation. In a letter published Wednesday, Anchorage said the proposed framework appropriately places AML obligations on regulated stablecoin issuers while urging Treasury to clarify secondary-market sanctions liability, enterprise-wide AML programs and correspondent account requirements. Specifically, Anchorage argued that issuers should not face strict liability for failing to independently identify sanctioned users who transact on secondary markets through their smart contracts. Read more
BTC's rebound shows signs of weakening under a string of technical resistance levels, raising the odds of a dip below $60,000 in June. Bitcoin (BTC) erased its intraday losses and rose by around 2.5% to $62,410 immediately after the US inflation report, even as the headline Consumer Price Index (CPI) hit its highest level in more than three years. BTC/USD hourly chart. Source: TradingView Read more
A deepfake campaign attack ad in the US state of Minnesota has raised questions around the ethics of using AI in political ads and the regulations surround AI use. The election season is ramping up in the United States, meaning that airwaves and social media are flooded with campaign ads. Candidates, in addition to the political action committees (PACs) supporting and opposing them, are projected to spend a record-breaking $10 billion in ads this cycle. Some of that is going into AI deepfakes. At least 15 AI-generated campaign ads have run since November, according to NBC News. Some have used deepfakes to portray a candidate doing or saying things that compromise their campaign’s image. Read more
TRM Labs said onchain gambling reached $51 billion in 2025, with repeat users and stablecoin flows helping the sector remain resilient during a broader crypto market pullback. Prediction markets overtook onchain gambling for the first time in the opening quarter of 2026, recording $36.6 billion in volume compared with gambling's $14 billion, according to TRM Labs. In a Wednesday report, the blockchain intelligence company said the shift followed a rapid expansion in both sectors. Onchain gambling reached $51 billion in 2025, while prediction markets climbed to $54 billion, putting the two categories at comparable scale heading into 2026. Still, onchain gambling remained near record levels. Quarterly gambling volume reached an all-time high of $15 billion in the fourth quarter of 2025, then held at $14 billion in Q1 2026. Read more
Robinhood’s new IPO underwriter role comes as SpaceX prepares a record-breaking public offering, with retail brokers and crypto-native derivatives platforms racing to shape price discovery and access. Robinhood Securities said it had secured approval to act as an IPO underwriter, moving from a distribution role into the main underwriting group alongside Wall Street banks. Chief executive Vlad Tenev said in a Tuesday X post that Robinhood Securities is “now approved to serve as an underwriter,” without specifying which regulator granted the approval, a process that typically involves oversight from the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Framing the move as the “natural next step” after launching IPO Access in 2021, Tenev said the question in equity capital markets had shifted from “why allocate to retail at all?” to “how big can the allocation be?” Read more