Coinbase Vice President of Legal and Head of Global Litigation Ryan VanGrack said some U.S. state governments are misleading the public by misreading federal statutes to expand their authority over prediction markets, according to Odaily Planet Daily. After partnering with prediction market platform Kalshi to list related products, Coinbase filed lawsuits in Connecticut, Illinois, Michigan, and Nevada, where regulators had issued cease-and-desist orders or warnings asserting that sports event contracts amount to illegal gambling. VanGrack argued that the U.S. Commodity Exchange Act gives the Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over derivatives markets and that prediction market products, including event contracts, are subject to federal oversight, adding that attempts by states to carve out sports event contracts from the definition of derivatives lack legal support. He rejected claims that the market would be unregulated without state involvement, noting that the CFTC already supervises derivatives markets worth trillions of dollars and has issued guidance on insider trading in event contracts, while Coinbase emphasized that exchange-based prediction markets like those on Kalshi differ from traditional sports betting where operators set odds and take the opposite side of customer bets.

Senate Democrats have asked Attorney General Pam Bondi and Treasury Secretary Scott Bessent to investigate Binance over potential U.S. sanctions violations. The request centers on whether the crypto exchange engaged in activity that may breach existing sanctions rules.

Morgan Stanley applied for a bank charter to offer crypto custody and staking services, Bloomberg reports. The charter would enable the firm to provide digital asset safeguarding and staking products under a regulated banking framework.

Morgan Stanley has filed an application for a national trust bank charter to offer custody services for Bitcoin and other digital assets. If approved, the charter would allow the firm to hold cryptocurrencies and broader digital asset classes under a regulated trust banking framework.

Morgan Stanley has applied for a national trust bank charter to offer custody of Bitcoin and other crypto assets, Bloomberg reports. The filing seeks permission to safeguard digital assets through a trust bank framework.

Morgan Stanley has applied for a national trust bank charter, Bloomberg reports. The charter would allow the Wall Street bank to provide custody services for digital assets.

Morgan Stanley, which oversees $2 trillion in assets, has filed an application for a US bank charter to provide custody services for crypto assets. The move would allow the Wall Street institution to hold digital assets on behalf of clients under a regulated banking framework in the United States.

Florida's bill H1039 to establish a Strategic Cryptocurrency Reserve Fund passed the state House Commerce Committee in a 22–2 vote this week, the original report shows. The measure would authorize Florida to allocate capital into cryptocurrencies with market capitalizations of at least $100 billion each.

Morgan Stanley Digital Trust, National Association (MSDTNA), applied for a national trust bank charter in the United States to operate a digital asset business focused on crypto custody, with the entity to be wholly owned by Morgan Stanley Capital Management. The application states MSDTNA plans to safeguard digital assets for clients and conduct related activities including buying, selling, swapping and transferring tokens to support investment strategies. The proposed trust bank would also provide staking services on a fiduciary basis.