On May 27, 2026, the CFTC said it joined Gemini Trust Company LLC in a joint motion in SDNY seeking relief from a January 2025 consent order tied to a case the agency filed in June 2022. The regulator said an internal review led it to conclude the original complaint "should not have been filed" under current enforcement standards, and asked the court to vacate the order's prospective provisions.

On May 27, 2026, the CFTC filed a civil enforcement action against Google software engineer Michele Spagnuolo, alleging he used nonpublic Google search-trend data to trade Polymarket event contracts. The complaint says he earned about $1.2 million and that the agency is seeking restitution, disgorgement, monetary penalties, bans, and a permanent injunction. The filing also describes how Polymarket runs on Polygon and settles outcomes via the UMA Oracle, with winning positions redeemable for USDC.e.

On May 26, 2026, the UK government added 18 people and entities to its Russia sanctions list, including crypto firms Huobi Global S.A. (also listed as HTX) and EXMO Exchange Limited. The designations introduce measures such as asset freezes and, for some entities, limits on internet services access and restrictions on correspondent banking and payment processing.

On May 21, 2026, the CFTC and the National Hockey League said they signed a memorandum of understanding to set up an information-sharing and cooperation framework tied to professional hockey and related event contract markets. The agreement names points of contact for ongoing coordination, confidential exchanges, and communications on market integrity and oversight, and it can be ended by either party with 30 days' written notice.

On May 19, 2026, the U.S. Securities and Exchange Commission proposed wide-ranging rule changes affecting registered securities offerings and public-company reporting. The agency said the package aims to modernize U.S. public capital markets, lower compliance friction for issuers, and preserve investor protections. Key elements include broader shelf-offering eligibility, expanded communication and research flexibility, and reporting relief that the SEC said could apply to about 81% of current public companies.

On May 19, 2026, the U.S. Commodity Futures Trading Commission sued Minnesota to stop a newly enacted law that would make operating or helping run a prediction market a state felony. The agency said it is seeking a preliminary injunction to prevent the statute from taking effect on Aug. 1 and argues the measure conflicts with the federal derivatives framework under the Commodity Exchange Act.

On May 18, 2026, the UK's Financial Conduct Authority (FCA) and the Bank of England published a joint vision to expand tokenisation and distributed ledger technology across wholesale financial markets, aiming to help the shift from pilot projects to live production use. The plan pairs regulatory work with infrastructure changes, including a consultation on near-24/7 settlement operations and updated prudential guidance covering tokenised exposures and stablecoins.

On May 14, the Senate Banking Committee voted 15-9 to advance the Digital Asset Market Clarity (CLARITY) Act, outlining how U.S. regulators would oversee crypto markets. The bill would clarify SEC and CFTC roles, create a joint advisory committee, and set frameworks covering DeFi decentralization tests, stablecoin reward limits, and tokenized securities treatment.

On May 15, 2026, the FCA, the Bank of England and HM Treasury said frontier AI models are raising cyber risks for regulated financial firms and financial market infrastructures. They urged firms to reinforce operational resilience and cybersecurity to counter AI-driven attacks that can be faster, more scalable and lower cost.