The U.S. Commodity Futures Trading Commission (CFTC) has sued the state of Wisconsin, alleging the state is encroaching on the agency's authority to regulate crypto-based prediction markets.

Japan's Financial Services Agency (FSA) has officially designated JPYC (@jpyc_official), the country's first yen-denominated stablecoin issuer, as a "funds transfer service provider," according to CoinPost and the FSA's Access FSA regulatory commentary series. The classification was confirmed for the first time in primary agency materials by FSA Coordinator Kishimoto. The designation brings JPYC under the same supervisory framework as major digital payment services such as PayPay and Rakuten Pay. Until now, JPYC's regulatory position had been referenced in press releases and interviews, but had not been formally stated in official FSA documentation. The clarification is notable under Japan's stablecoin rules, which generally treat fiat-backed tokens as payment instruments rather than securities. Funds transfer service providers are subject to requirements including capital standards, asset segregation, and AML/KYC obligations. JPYC is now placed in the same regulatory category as widely used digital wallets. The update comes as the FSA, together with MLIT, the NPA, and the MOF, issued a separate joint request on the same day urging real estate and crypto industry associations to strengthen anti-money-laundering controls for property transactions conducted via crypto.

Polymarket is considering relaunching its main exchange in the United States and is in discussions with the Commodity Futures Trading Commission (CFTC), Bloomberg reported.

Polymarket has been in discussions with the Commodity Futures Trading Commission to allow U.S.-based traders back onto its main international exchange, Bloomberg reported. The talks have taken place in recent weeks and would represent a major change to the company's current U.S. approach. Polymarket has effectively barred Americans from its global platform since a 2022 enforcement action. Separately, it acquired a U.S.-based venue in a $112 million QCEX deal; that platform received CFTC approval in November to operate as a regulated Designated Contract Market, though it has not yet fully launched. Reopening the flagship international exchange to U.S. users would consolidate liquidity, instead of channeling American activity into a separate regulated venue. Polymarket's international order book is where most historical volume has been concentrated, including its deepest political and event-contract markets.

NYSE Arca has filed a proposed rule change to expand the assets that can qualify under the exchange's updated standards for Commodity-Based Trusts, explicitly naming XRP. The filing, submitted yesterday, would amend Rule 8.201E, which sets generic listing standards for these products. Under the proposal, NYSE Arca cites XRP, Bitcoin, Solana, and Ethereum as examples of assets that could be eligible for commodity-based crypto trusts. A key requirement is that at least 85% of a trust's net asset value (NAV) must be invested in approved assets that already satisfy existing surveillance and listing criteria. Up to 15% of holdings could fall outside the approved category without disqualifying the product. The U.S. Securities and Exchange Commission has opened the filing for public comment before deciding whether to approve the change. NYSE Arca said the update is intended to give issuers more flexibility while preserving investor protections tied to surveillance-sharing arrangements and regulated market oversight. While XRP is referenced as a qualifying example, the filing does not formally label it a commodity. The mention is notable amid ongoing U.S. regulatory debate: a New York court ruled in 2023 that XRP is not a security in certain contexts, and market participants continue to argue over whether it should be treated as a commodity. The debate has persisted even as the SEC and CFTC have pointed to taxonomies that describe the token as a digital commodity alongside Bitcoin and Ethereum. Industry stakeholders say only clear, congressionally backed legislation such as the Clarity Act would fully address remaining uncertainty and reduce the risk of future policy reversals. Disclaimer: This content is informational and not financial advice. The views expressed may reflect the author's opinions and do not represent The Crypto Basic's position. Readers should conduct their own research before making investment decisions. The Crypto Basic is not responsible for financial losses.

Polymarket has applied for approval from the U.S. Commodity Futures Trading Commission (CFTC) to bring its main exchange back to the U.S., Bloomberg reported.

Polymarket is pursuing approval from the U.S. Commodity Futures Trading Commission (CFTC) to bring its main exchange platform to the U.S., Bloomberg reported.

Market snapshot (April 28, 2026): Crypto markets are showing signs of accumulation in North America, coordinated recovery efforts in DeFi after a major exploit, and a tightening regulatory backdrop across the U.S. and Canada. BitMine keeps buying ETH even as paper losses widen BitMine Immersion Technologies continued to build its Ethereum position despite growing unrealized losses tied to volatility. The firm bought 101,901 ETH last week, lifting total holdings to about 5.08 million ETH. A week earlier it purchased 101,627 ETH, its largest weekly increase since December 2025. The balance sheet reflects the drawdown: BitMine's combined crypto and cash reserves are roughly $13.3 billion versus total investments of about $17.6 billion, implying unrealized losses above $6.5 billion. The Tom Lee-backed company has also staked nearly 3.7 million ETH, generating recurring yield from network validation to help cushion downturns and support cash flow. DeFi United lines up 30,000 ETH after rsETH bridge breach DeFi participants are moving to shore up rsETH following a major security incident. On April 18, a bridge operated by Kelp DAO was breached, leading to losses of around 116,500 rsETH valued at roughly $290 million. In response, Consensys and Ethereum cofounder Joe Lubin joined to form DeFi United, which has committed up to 30,000 ETH to support recovery and restore confidence. The plan, announced April 23, brings together participants linked to the Aave DAO, alongside contributors including Lido, Ethena, EtherFi, Frax, and Mantle. The effort aims to stabilize liquidity and rebuild rsETH backing, with governance votes across multiple protocols still in progress. Sharplink, a custody firm focused on Ethereum listings, is advising on recovery design and coordination. Tennessee signs law banning crypto ATMs and kiosks Tennessee Governor Bill Lee signed House Bill 2505, banning cryptocurrency ATMs and kiosks starting July 1, 2026. Installing these machines will be treated as a Class A misdemeanor, punishable by up to 11 months and 29 days in jail and fines up to $2,500. The move affects more than 570 self-service terminals in the state, including units run by CoinFlip and Bitcoin Depot. Lawmakers cited fraud prevention, with House Speaker Cameron Sexton saying the machines are increasingly used to target vulnerable groups, particularly older residents. Similar steps have surfaced elsewhere, including local bans in Massachusetts and proposed statewide limits in Minnesota. Canada advances bill to bar crypto political donations Canada is also tightening rules at the intersection of crypto and politics. Bill C25, introduced March 26, 2026, has passed second reading in the House of Commons, signaling early support. The proposal would ban political parties and candidates from accepting cryptocurrency donations, citing traceability concerns and enforcement challenges in campaign finance. Lawmakers framed the measure as part of broader efforts to strengthen election integrity, improve transparency, and reduce foreign-influence risk. The bill now heads to committee review for detailed scrutiny and potential amendments; no timetable has been set for that stage.