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On-Chain, In Court: What happened in crypto legal news this week

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US authorities find an additional $10 million connected to Sam Bankman-Fried, the former CEO of Celsius ditches his legal team and a new law in Washington state bans crypto ATMs.

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European stablecoin issuer AllUnity launches USD stablecoin USDAU

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AllUnity is launching USDAU, its fourth fiat-backed stablecoin, expanding a MiCA-regulated lineup that already covers the euro, Swiss franc and Swedish krona.

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Kalshi in advanced talks to raise new funding at $40B valuation: Reuters

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The prediction market was valued at $22 billion in a $1 billion funding round just four months ago, after doubling its valuation from December.

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Illinois draft crypto tax rules detail DeFi, stablecoin treatment

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Illinois’ draft rules spell out how its 0.2% digital asset transaction tax would apply to stablecoins, DeFi platforms, crypto bridges and self-custody transfers.

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