Flash News

TREE NEWS update: Fairshake, the crypto industry’s main political action committee, is committing $30 million to an Ohio race against former Sen. Sherrod Brown, who has been skeptical of crypto. The spending follows fallout from the Clarity Act. Brown, a longtime crypto critic, is the target of the PAC’s latest seven-figure ad campaign.

TREE NEWS update: Bank of England Deputy Governor Sarah Breeden said financial regulators are running out of time to address the risk of a market crash triggered by autonomous AI agents. Speaking Monday, she said the BoE is studying and testing “kill switches” to prevent AI from causing chaos in financial markets, but stressed officials do not yet know how such a mechanism would work in practice.

TREE NEWS reports: Turkey is considering consolidating assets from more than 100 funds frozen by regulators last week into a single pool to repay investors, a person familiar with the matter said. The plan is still at an early stage and may change. Last week the Capital Markets Board ordered the liquidation of 131 funds holding over $18 billion in investments and involving about 350,000 investors, after a wave of defaults shook the market.

TREE NEWS update: US President Donald Trump said he will only encourage AI and reiterated that AI doomsday warnings are a “scam.” He added that the administration will proceed cautiously and impose constraints if necessary. Trump gave no further details on what those constraints would entail.

TREE NEWS update: US Senator Cynthia Lummis said the CLARITY Act already applies antifraud liability under Section 17(a) of the Securities Act to digital asset disclosures, meeting a Democratic demand that crypto issuers face the same fraud standard as other securities filers. The Senate’s procedural motion to advance the bill on Sept. 15 still failed, falling short of the 60-vote threshold.

TREE NEWS update: Bank of England Deputy Governor Breeden said humans face clear difficulties supervising autonomous AI in real time, with the key question being whether existing regulatory frameworks can adequately address the new risks AI creates. He said the central bank needs to act quickly on financial stability, assessing and adjusting the supervisory system to guard against AI’s potential amplification effects and systemic risk in the financial system.

TREE NEWS update: The US Commodity Futures Trading Commission’s Innovation Task Force has launched a public “Frontier Forum Series,” with its first session set for Oct 28 on artificial intelligence and agentic finance. CFTC Chairman Michael Selig said the agency will engage directly with builders, users and researchers of the technology. The public may nominate speakers; in-person attendance may be limited and subject to security vetting.

TREE NEWS update: The People’s Bank of China held a symposium with foreign financial institutions on September 21, chaired by Deputy Governor Xuan Changneng, to gather their views and study further improvements to the business environment and high-level opening of the financial sector. PBOC Governor Pan Gongsheng attended and delivered remarks. Also present were PBOC Deputy Governor Zou Lan and SAFE Deputy Administrators Xu Zhibin and Li Bin.

TREE NEWS update: MS Now, CNN and Politico said in a joint statement on X that they will file a lawsuit today in response to the White House revoking their reporters’ press credentials. The outlets said they notified the government this morning that they would sue to protect their First Amendment rights and to defend the principle that the government cannot decide what news organizations report or publish.

TREE NEWS reports: Polymarket removed an anti-money-laundering control while fraudsters used stolen debit cards on its U.S. platform, a Wall Street Journal investigation found. The scheme involved roughly $10 million in stolen-card activity. The prediction market has not publicly commented on the findings.

TREE NEWS update: The CFTC filed its crypto market structure rulemaking with the White House two days after the Clarity Act failed in the Senate. The agency did not disclose the contents of the filing. The timing places the rulemaking push in the same week as the Senate defeat of the market structure bill.

TREE NEWS update: ST Yedao announced on September 21, 2026 that it received a case-filing notice from the China Securities Regulatory Commission, which has opened an investigation into the company on suspicion of illegal and irregular information disclosure. The company said its operations are continuing normally and that it will cooperate fully with the CSRC during the probe while fulfilling disclosure obligations.

TREE NEWS update: X has sued the operators of six Bitcoin-focused accounts, alleging they coordinated posts and engagement to inflate creator payouts. The platform claims and projects losses of at least $378,000.

TREE NEWS update: X has filed a lawsuit against two UK users, alleging they manipulated crypto-focused accounts to extract $277,000 from its creator revenue-sharing program. The platform accuses the pair of gaming the payout system tied to its crypto content accounts. The suit marks X’s latest legal action over alleged abuse of its monetization tools.

TREE NEWS update: Ireland’s data protection regulator fined Google €403 million over its handling of location data, the authority announced. The penalty relates to the company’s processing of user location information. Google did not immediately comment on the decision. The fine is the latest enforcement action by the Irish watchdog, which serves as the lead privacy regulator for Google in the European Union.

TREE NEWS update: China’s National Financial Regulatory Administration held a financial supervision cooperation seminar with ASEAN and neighboring countries in Nanning, Guangxi, on September 17-18. More than 30 representatives from financial regulators in 12 countries and regions — including China, Brunei, Indonesia, the Philippines, Singapore, Thailand, Vietnam, South Korea, Mongolia and Nepal — attended, along with the ASEAN+3 Macroeconomic Research Office.

TREE NEWS update: China’s Ministry of Public Security sent a working group to Madagascar to assist local police in a crackdown on telecom and internet fraud, dismantling multiple scam operations in Antananarivo and other areas. On September 8, Madagascar repatriated the first batch of 50 fraud suspects to China. The cases are under further investigation.

TREE NEWS update: Chinese Foreign Ministry spokesperson Guo Jiakun said China’s position on safeguarding the stability and security of global critical minerals supply chains remains unchanged, while defending export controls on dual-use items. Speaking at a regular press briefing, Guo said China lawfully bans exports to Japanese military users, for military purposes, or for any use that would boost Japan’s military strength, aiming to halt Japan’s “remilitarization” and nuclear ambitions.