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Crypto

U.S. senators press to stop CFTC encroachment on state oversight of prediction markets

Seventeen Democratic U.S. senators asked the Senate to prevent the Commodity Futures Trading Commission from using federal funds for lawsuits involving prediction markets. They urged appropriators to block spending on litigation against state gaming regulators. The lawmakers said Chairman Michael Selig is asserting exclusive CFTC authority and infringing on state powers by treating event contracts as swaps. They warned the approach could let online prediction markets bypass state consumer protection and oversight.

Crypto

Spain regulator says no extension for crypto firms failing to comply with MiCA

Crypto exchanges that have not obtained authorisation by July 1 under the European Union's MiCA framework will be subject to the rules with no exceptions or deadline extensions, Spain's securities market regulator said. The move applies to exchanges serving EU users, including Binance, which has withdrawn an application filed with Greece's capital market regulator and, as of June 26, had not secured approval from any other EU member state regulator.

AI & Enterprise

OpenAI limits initial release of new AI models to trusted partners at U.S. government's request

OpenAI has restricted the initial release of three new artificial intelligence models to a small group of "trusted partners" at the request of the U.S. government, CNBC reported. It said it narrowed early deployment of GPT-5.6 Sol, Terra and Luna, and plans a public release in the coming weeks. OpenAI said it shared model performance and launch plans with the government ahead of release, but warned such access should not become standard.