U.S. CFTC adds New York to string of states its suing to stop prediction market pushback
The CFTC sued New York Friday, adding it to multiple states targeted over prediction markets regulation. New York had just sued Coinbase and Gemini, claiming their contracts violated gambling laws. The federal regulator asserts exclusive jurisdiction over derivatives trading, preempting state authority. However, 37 state attorneys general oppose this position, defending their consumer protection powers. This regulatory clash will shape crypto's U.S. landscape.
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Bitcoin is on track for its best month in a year. $5 billion USDT growth fuels the rebound
Bitcoin surged 13.6% in April, approaching its best monthly performance in a year, as $5 billion in fresh USDT stablecoin supply boosted crypto liquidity. BTC holds above $77,000 with traders eyeing the $79,000 resistance level. The rebound reflects improved macro conditions and strong corporate earnings, overshadowing geopolitical tensions. The Federal Reserve's April meeting will likely determine if the rally sustains or reverses.
Tether's $344 million USDT freeze linked to U.S. 'Economic Fury' against Iran regime
U.S. Treasury froze $344 million in Tether (USDT) on Iran-linked blockchain wallets as part of "Economic Fury," a sanctions campaign targeting Tehran's financial networks. Stablecoin issuer Tether blacklisted two Tron addresses. Authorities say Iran's central bank exploits crypto to mask cross-border transactions and bypass sanctions. The move signals intensifying enforcement against digital asset misuse by sanctioned regimes.
Tennessee Becomes Second State to Outlaw Bitcoin, Crypto ATMs
Tennessee joined Montana as the second U.S. state to outlaw Bitcoin and cryptocurrency ATMs, intensifying regulatory pushback against digital assets. The law restricts crypto transactions and automated purchasing, signaling growing state-level resistance. Bitcoin traded near $77,700 amid broader market consolidation. Indian investors tracking U.S. regulatory trends should monitor how state-level restrictions may influence federal policy and global crypto adoption rates.