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D.C. Circuit reverses SEC ruling on SPIKES futures, calls it “arbitrary and capricious”

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The decision relates to an SEC order from 2020 exempting SPIKES Index from the definition of securities futures.

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Coin Market

Stacks (STX) makes 30% gain as mainnet upgrade and stablecoin launch approach

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Plans to launch a Bitcoin-pegged stablecoin, an upcoming network upgrade and BTC’s recent recovery could be connected to STX’s 30% rally.

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Coin Market

Tornado Cash’s Roman Storm case moves to trial as judge denies dismissal

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A New York federal judge denied Roman Storm’s bid to dismiss US government charges. Storm is the co-founder of the crypto-mixing platform Tornado Cash.

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US sanctions Russian crypto platforms for money laundering ties

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Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.

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