| Mobile Web

Search results for U.S. Supreme Court

Crypto

U.S. Supreme Court recognises Trump\'s power to fire SEC, CFTC commissioners, adding new variable to CLARITY Act talks

The U.S. Supreme Court ruled that a president has broad authority to dismiss commissioners of the Securities and Exchange Commission and the Commodity Futures Trading Commission. The decision is seen as applying to other independent regulators, though excluding Federal Reserve governors. Donald Trump called it a landmark expansion of presidential power. The ruling adds a new variable to U.S. Senate talks on the CLARITY Act, as Democrats have sought assurances on appointments and also push ethics provisions tied to Trump-linked crypto businesses.

Crypto

U.S. gaming industry seeks ban on prediction markets in CLARITY bill

U.S. gaming industry and tribal groups are urging lawmakers to add language to the Senate-pending CLARITY bill to prohibit sports and casino-style prediction markets. They want the bill to make clear the Commodity Futures Trading Commission lacks authority to oversee sports betting. Industry groups say prediction markets amount to an expansion of gambling without voter approval or legislation and argue the CFTC was not designed to regulate betting. The dispute also highlights tax revenue losses claimed by state regulators.

Games & Commerce

Epic Games brings Fortnite back to Apple App Store as legal fight continues

Epic Games has restored its flagship title Fortnite to Apple’s App Store worldwide except Australia, allowing play on iPhones and iPads. The company said the return was prompted by Apple’s remarks to the U.S. Supreme Court and its expectation that a federal court will demand transparency over Apple’s commission practices. Epic said it will continue its broader challenge to Apple’s app store conduct and urged regulators to enforce rules.