In a lawsuit from 18 states, the US Securities and Exchange Commission is accused of trying to take regulatory control of crypto away from the states, prompting a push to halt SEC enforcement actions in favor of state-managed regulation. The controversial SEC chair Gary Gensler, along with other commissioners, is named in the suit, which challenges the SEC’s jurisdiction over crypto assets and invokes the major questions doctrine in arguing that Congressional approval is needed for SEC litigation against the industry.
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Microsoft plans to bring Xbox age verification to countries outside of the UK
Microsoft is launching an age verification system for Xbox accounts in the UK to comply with the Online Safety Act, with plans to expand this system to other countries. Players over 18 will be encouraged to verify their age, which will become mandatory by early 2026 for full access to social features, while concerns about privacy and security implications of such systems persist. Want More Context? 🔎
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