White House Hosts Crypto Meetings Amid Treasury, CFTC, and SDNY Regulatory Developments

The White House hosted cryptocurrency policy meetings, Treasury Secretary addressed implementation of the GENIUS Act, the Commodity Futures Trading Commission (CFTC) withdrew its Event Contracts Guidance and updated its stablecoin definition, and the Southern District of New York (SDNY) signaled a focus on prediction markets. These developments, reported by JD Supra, highlight ongoing regulatory attention to various aspects of the cryptocurrency sector.

The White House convened meetings on cryptocurrency policy, involving key stakeholders in discussions amid broader U.S. government engagement with digital assets.

Treasury Secretary addressed the implementation of the GENIUS Act, which pertains to cryptocurrency-related initiatives, signaling federal efforts to advance legislative frameworks in the space.

The CFTC took two significant actions: it withdrew its prior guidance on event contracts and issued an updated definition for stablecoins, potentially affecting how these instruments are regulated and overseen.

Meanwhile, the SDNY indicated a heightened focus on prediction markets, occurring alongside the CFTC updates and White House discussions, suggesting coordinated scrutiny on crypto-linked financial products.