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Morning edition · November 14, 2026

Trump Names SEC and CFTC Slate as Perps and Prediction Markets Face Legal Battles

President Trump nominated four commissioners to restore regulatory quorums at the SEC and CFTC as federal agencies clash with traditional bourses and state officials over derivatives.

  1. 1

    Trump nominates bipartisan slate to fill depleted SEC and CFTC vacancies

    Four nominees, including Nathan Anonick and Kristin Johnson, head to a brief lame-duck Senate session to establish agency quorums following the Clarity Act's collapse.

  2. 2

    CFTC defends equity perpetual futures against Cboe and Citadel lawsuit

    A federal judge declined an emergency freeze on stock perpetuals, but warned the CFTC likely exceeded its authority when approving the instruments on Nov. 3.

  3. 3

    DOJ and CFTC sue Arkansas to block enforcement against Kalshi

    Federal authorities filed suit on Nov. 12, arguing the Commodity Exchange Act preempts Arkansas from prosecuting sports event contracts under state gambling statutes.

  4. 4

    House Oversight Committee proposes statutory prediction market trading ban

    A bipartisan memorandum published on Nov. 13 recommended formal legislation barring federal personnel from participating in prediction market contracts.

  5. 5

    Metaplanet posts $170M net loss following 10,000 BTC treasury trade

    The firm recorded a $119.8 million trading loss after offloading 10,000 $BTC to test creditor liquidity ahead of its Nov. 30 removal from MSCI indexes.

  6. 6

    Nakamoto postpones $60M Kraken facility maturity to 2027

    The Bitcoin treasury company extended 60 million $USDT in debt to December 2027 and pledged active derivatives holdings as credit collateral.

  7. 7

    Arca CIO challenges Vitalik Buterin over Ethereum valuation model

    Jeff Dorman pegged Ethereum's fundamental fee-backed value at $45 billion to $50 billion, arguing hosted applications should face network taxes.

Numbers

Bitcoin traded at $67,230, down 3.0%, while Ether fell 2.3% to $1,907, with market sentiment at Extreme Fear with an index reading of 13.

Watch

Senate Agriculture and Banking committee confirmation hearings for SEC and CFTC nominees before the January congressional transition. · Judge Valerie Caproni's decision on the preliminary injunction against equity perpetual futures and the SEC's listing rule review. · MSCI benchmark rebalancing execution removing Metaplanet, Strategy, and Upexi at the market close on Nov. 30.

Full text

President Trump submitted four bipartisan nominations to restore depleted benches at the SEC and CFTC as regulatory battles escalate over retail derivatives and prediction venues.

  1. Trump nominates bipartisan slate to fill depleted SEC and CFTC vacancies: Four nominees, including Nathan Anonick and Kristin Johnson, head to a brief lame-duck Senate session to establish agency quorums following the Clarity Act's collapse.

  2. CFTC defends equity perpetual futures against Cboe and Citadel lawsuit: A federal judge declined an emergency freeze on stock perpetuals, but warned the CFTC likely exceeded its authority when approving the instruments on Nov. 3.

  3. DOJ and CFTC sue Arkansas to block enforcement against Kalshi: Federal authorities filed suit on Nov. 12, arguing the Commodity Exchange Act preempts Arkansas from prosecuting sports event contracts under state gambling statutes.

  4. House Oversight Committee proposes statutory prediction market trading ban: A bipartisan memorandum published on Nov. 13 recommended formal legislation barring federal personnel from participating in prediction market contracts.

  5. Metaplanet posts $170M net loss following 10,000 BTC treasury trade: The firm recorded a $119.8 million trading loss after offloading 10,000 $BTC to test creditor liquidity ahead of its Nov. 30 removal from MSCI indexes.

  6. Nakamoto postpones $60M Kraken facility maturity to 2027: The Bitcoin treasury company extended 60 million $USDT in debt to December 2027 and pledged active derivatives holdings as credit collateral.

  7. Arca CIO challenges Vitalik Buterin over Ethereum valuation model: Jeff Dorman pegged Ethereum's fundamental fee-backed value at $45 billion to $50 billion, arguing hosted applications should face network taxes.

Numbers: Bitcoin traded at $67,230, down 3.0%, while Ether fell 2.3% to $1,907, with market sentiment at Extreme Fear with an index reading of 13.

Watch:

  • Senate Agriculture and Banking committee confirmation hearings for SEC and CFTC nominees before the January congressional transition.
  • Judge Valerie Caproni's decision on the preliminary injunction against equity perpetual futures and the SEC's listing rule review.
  • MSCI benchmark rebalancing execution removing Metaplanet, Strategy, and Upexi at the market close on Nov. 30.

Basis Desk Newsroom · AI-generated, source-verified. Built only from stories already verified and published on Basis Desk; market figures as of publication. Not financial advice.