SEC, CFTC, banking rules
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CFTC Chairman Mike Selig has initiated a legal defense of the agency's jurisdiction over event contracts, filing an amicus brief to counter state-level interference. The move signals a critical pivot in the regulatory landscape, aiming to establish a unified federal framework over fragmented state oversight.
The Hong Kong Securities and Futures Commission has granted a virtual asset trading platform license to Victory Fintech, marking the first such approval since mid-2025. This move signals a potential acceleration in the city's efforts to establish itself as a regulated global hub for digital assets.
ByteDance is implementing stricter safeguards for its Seedance 2.0 AI video generator following intense pressure from major Hollywood studios and trade groups. The move comes after the tool produced hyperrealistic, unauthorized likenesses of actors, sparking legal threats from Disney, Paramount, and the MPA.