The U.S. District Court for the District of Minnesota preliminarily enjoined state officials from enforcing a new prediction market ban against two CFTC-registered exchanges, finding the law is likely preempted by the Commodity Exchange Act.

The Crypto Council for Innovation, Blockchain Association, and The Digital Chamber strongly urged the Senate to bring the Digital Asset Market Clarity Act to a floor vote, arguing the legislation would establish a comprehensive federal regulatory framework for digital assets.

The SEC requested comment on proposed exemptive relief that would allow broker-dealers to calculate and deliver customer margin for cleared U.S. Treasury transactions on a net, omnibus basis rather than a gross, customer-by-customer basis.

The House Committee on Financial Services requested public feedback on a discussion draft of legislation that would restructure the governance, rulemaking, supervision, and enforcement of the Consumer Financial Protection Bureau ("CFPB").

The SEC approved a Nasdaq rule change that requires listed companies to maintain a market value of at least $5 million or face suspension and delisting without a cure period.