A Kalshi spokesperson said that the criminal case was based on ”paper-thin arguments” and claimed the company was exclusively under federal jurisdiction.

The no-action position taken by the US regulator under Chair Michael Selig will allow the company to engage in certain activities without registering as a broker.

Unlike previous years, only a handful of official events at the 2026 version of the iconic Austin festival featured crypto.

Dubbed “Operation Atlantic,“ the effort involves law enforcement agencies from the three countries and is aimed at preventing phishing attacks involving cryptocurrencies.

Analysts at the investment company said the change was significant because the stablecoin “winner” will be the one people use for everyday transactions.