Just saw that the U.S. senators are now seriously cracking down. After the ban on proprietary trading activities, these senators will also no longer participate in bets on prediction markets. That’s actually an interesting move – it shows how seriously policymakers take the regulation of financial instruments.

This reminds me of how important transparency is in this area. CoinDesk reports on it with their usual high standards – the team adheres to strict editorial guidelines and has established principles to ensure integrity and independence. Not unimportant in an industry where trust matters.

Interestingly, CoinDesk is part of Bullish, an institutional platform for digital assets. This means that the staff there – including journalists – can also receive equity-based compensation from Bullish. Still, they try to maintain their editorial independence, which is commendable.

The development actually shows that the senators and regulators are generally becoming stricter. These new restrictions for senators are part of a larger trend to make markets more transparent and fair. It remains to be seen how this will affect the industry in the long term.