Andrew Cuomo: If the Democratic Party wins Congress, regulatory progress in the cryptocurrency industry faces the risk of being overturned

On September 1st, the US SEC proposed the first major revision of transfer agency rules since the 1970s, aimed at incorporating blockchain technology into the securities registration and settlement system. The proposal requires transfer agents to avoid the risk of ownership data fragmentation when using distributed ledger technology to record and transfer securities in the future. Fairmint advocates using on chain cap tables as the official ledger required by Section 17A of the Exchange Act. (Source: Bloomberg)

The Ministry of Public Security, together with the Hong Kong police, cracked down on a cross-border criminal gang of underground banks in Guangdong and Hong Kong, captured more than 170 suspect, frozen more than 15 million yuan of funds involved in the case, and detained about 170 million Hong Kong dollars of property involved in the case. (Source: Governor of Chang'an Avenue)

Polymarket has launched recharge limits, self exclusion lists, and anti addiction support measures. Users can set recharge limits or join self exclusion lists. Polymarket collaborates with Birch Health to provide mental health resources for users of forced financial transactions. Global Security Director Malea Otranto stated that the company will track tool usage and adjust based on effectiveness. The prediction market in the United States is regulated by the CFTC and does not need to comply with consumer protection rules for sports betting in various states. According to TickerTrack data, the sports market and cross-border trading accounted for over 98% of Polymarket's US platform trading volume this month. New York State sues Polymarket seeking to shut down its business, with Polymarket denying any wrongdoing and filing a counterclaim in federal court.

Polymarket has launched user protection and anti addiction measures, allowing users to set recharge limits or join self exclusion lists. Polymarket collaborates with Birch Health to provide mental health resources for users engaged in compulsive financial transactions. Malea Otranto, Global Security Director at Polymarket, stated that the company will track tool usage and make adjustments accordingly. Predict that the market in the United States will be regulated by the CFTC. New York State sues Polymarket seeking to shut down its business, with Polymarket denying any wrongdoing and filing a counterclaim. (Source: TickerTrack)

[Polymarket Introduces Consumer Protection Measures to Address Regulatory Pressure] Polymarket has launched deposit limit settings, exclusion list features, and partnered with Birches Health to provide mental health resources. A week ago, New York State filed a lawsuit against Polymarket, accusing it of circumventing gambling regulatory laws. Polymarket has filed a countersuit in federal court. A bipartisan coalition of 44 states is advocating in court that prediction platforms should be subject to state gambling laws. (Source: CNN)