On September 15, 2026, the U.S. Senate failed to advance the Digital Asset Market Clarity Act, commonly known as the CLARITY Act, after a procedural vote fell short of the 60 votes required to move the legislation forward. The vote does not necessarily mean the legislation is dead. Congress could reconsider the bill, and lawmakers…
Digital assets are no longer a question credit unions can treat as purely speculative or technological. The regulatory framework is developing, member activity is already creating operational exposure, and federal guidance places responsibility squarely on boards and management to understand the risks before a product, vendor, or incident forces the issue. LEGAL FOCUS This article…
A battery-powered hair dryer was pointed at a weather sensor at Charles de Gaulle Airport. A U.S. Army soldier with classified knowledge of a covert military operation. A class action accusing a federally regulated exchange of running an illegal sportsbook in fifty states. A teenager who downloaded a betting app on his eighteenth birthday and…
On April 23, 2026, the Department of Justice unsealed an indictment against Gannon Ken Van Dyke, an active-duty U.S. Army Master Sergeant stationed at Fort Bragg, charging him with using classified information about a U.S. military operation to generate roughly $410,000 in profits by trading binary-event contracts on Polymarket. The indictment, filed in the Southern…
Earlier this month, the Securities and Exchange Commission and the Commodity Futures Trading Commission issued a joint interpretive release addressing the application of the federal securities laws to crypto assets. The release is the most comprehensive federal guidance the digital asset industry has received to date. While the interpretation is not binding law and remains…
This article is part of a crypto crime series written by our Tax Consultant, Frederick Steinmann. Read Part 1: Solana Wallet Drain Scams: How They Work and How to Protect Yourself. TL;DR:Crypto scams have evolved from bad grammar and fake links into professionally produced, AI-driven deception, and the platforms hosting them are struggling to keep…
This is the most structurally significant shift since the SEC’s 2019 framework, and most people are still analyzing it as if nothing changed. The guidance reinforces a critical distinction: the legal analysis focuses on the circumstances of the offer and sale, not the digital asset in isolation. While regulators increasingly differentiate between types of crypto…
The criminal prosecution of Tornado Cash co-founder Roman Storm has become one of the most consequential cases in the history of cryptocurrency regulation. At stake is a question that goes far beyond one developer: Can writing and deploying open-source privacy software expose its creator to criminal liability for how others use it? After a four-week…
This article explains exactly how modern Solana drain scams work, why even sophisticated users fall for them, and why “smart contracts” aren’t always the villain people think they are. The Myth of the Stupid Victim There’s an unspoken belief in crypto: people who get scammed must have been careless. That belief is wrong and dangerous. Recently,…
With prediction market platforms like Polymarket and Kalshi recording over $60 billion in trading volume in 2025, a 400% increase year over year, federal regulators are no longer watching from the sidelines. The CFTC has signalled imminent rulemaking. The U.S. Attorney for the Southern District of New York has said his office expects enforcement actions….