Illustration of a binary event contract

CFTC Orders George Santos to Pay $35,000 Over Manipulative Event Contract Trading

August 1, 2026 44

WASHINGTON, July 31, 2026 — The Commodity Futures Trading Commission has ordered former U.S. Congressman George Anthony Devolder Santos to disgorge $17,569.98 in profits and pay a $17,500 civil monetary penalty after the agency found that he engaged in manipulative conduct in connection with trading a Kalshi event contract tied to his attendance at the 2026 State of the Union.

Illustration featuring the European Union stars representing the EU's addition of HTX to its Russia sanctions regulation

EU Adds HTX to Russia Sanctions Regulation Under New Crypto Transaction Restrictions

July 27, 2026 46

BRUSSELS, July 23, 2026 — The European Union has added HTX (HUOBI GLOBAL SA) to Part A of Annex XLV of its Russia sanctions regulation, identifying the crypto-asset service provider as an entity established outside the European Union that the Council says significantly frustrates the purpose of the prohibitions set out in Regulation (EU) No 833/2014 and Regulation (EU) No 269/2014.

Commodity Futures Trading Commission (CFTC) logo representing a federal enforcement action involving an alleged $14.8 million commodity pool fraud and crypto assets

CFTC Charges Commodity Pool Operator in Alleged $14.8 Million Fraud Involving Crypto Assets

July 8, 2026 87

WASHINGTON, July 7, 2026 — The Commodity Futures Trading Commission has filed a federal complaint against Trevor L. Vernon and Argent Capital Management LLC, alleging they fraudulently solicited and accepted at least $14.8 million from more than 60 participants into a commodity pool that traded equity index futures, options on equity index futures and crypto assets.

Illustration of an AI symbol representing the FCA's review of artificial intelligence in financial services.

FCA Publishes Landmark AI Review on the Future of Retail Financial Services by 2030 and Beyond

July 6, 2026 56

LONDON, July 6, 2026 — The UK’s Financial Conduct Authority (FCA) has published an AI review examining how artificial intelligence could reshape retail financial services by 2030 and beyond, concluding that AI is likely to become a defining force across the sector while setting out seven recommendations for the FCA Board and Executive to prepare the UK’s regulatory framework for increasingly autonomous AI-enabled financial services.