DOJ Bitcoin Sale Sparks Alarm and U.S. Crypto Laws Face Election Headwinds
This week’s regulatory headlines show a familiar reality for the U.S. crypto industry: momentum exists, but coherence does not.
From prediction markets and Bitcoin custody to election-driven delays in legislation, policymakers appear increasingly aware of crypto’s importance, yet remain deeply divided on how to govern it. Taken together, the developments point to a market caught between maturation and political paralysis.
One of the week’s most politically charged stories came from Rep. Ritchie Torres, who is preparing legislation to restrict how U.S. officials participate in prediction markets.
The move follows scrutiny over a reportedly lucrative bet linked to the sudden capture of Venezuelan President Nicolás…
