The reported deal could become Anthropic's largest known acquisition. But the bigger story is why the Claude maker may be willing to pay billions...

With comprehensive U.S. crypto legislation stalled in Congress, the SEC and CFTC are preparing to act unilaterally — but industry leaders warn that agency rules without statutory backing could be reversed by the next administration. Here is what the regulatory standoff means for crypto market participants and capital allocators.

Trump's SEC and CFTC are moving to fill a legislative void on crypto regulation, offering the industry the clarity it has long demanded. But without an act of Congress, every rule written today can be unwritten tomorrow — and markets are only beginning to price that risk.