President Donald Trump is a signature away from enacting a bill to regulate stablecoins that will dictate how issuers of the tokens must be regulated to serve the US market. The US House passed three crypto bills on Thursday, including the GENIUS Act, a backronym for “Guiding and Establishing National Innovation for US Stablecoins Act.”…
Read more
A former officer of the National Crime Agency has been sentenced to prison for stealing 50 Bitcoin — now worth $5.9 million — seized from the co-founder of the defunct online black market Silk Road 2.0. The Crown Prosecution Service said on Wednesday that Paul Chowles, an ex-operational officer with the National Crime Agency who…
Read more
House Republican leaders have cut a deal to move forward with three crypto bills that were stuck in a record-long procedural vote after Republican hardliners refused to back down on central bank digital currencies. A vote to set up floor debate on the bills was open for over nine hours — the longest in the…
Read more
Two Los Angeles County Sheriff’s Department deputies have admitted to using their law enforcement powers to help their private security clients, including the jailed crypto extorter dubbed “The Godfather.” David Anthony Rodriguez struck a deal to plead guilty to one count of conspiracy against rights, while Christopher Michael Cadman made a deal to admit to…
Read more
Hungary has passed laws that could slap individuals trading crypto using an unauthorized crypto exchange with prison. Those who use a so-called “unauthorized crypto-asset exchange service” could face up to two years in prison with penalties increasing based on the value traded, according to an update to the country’s Criminal Code that came into force…
Read more
Coinbase’s lobbying arm, along with a swathe of crypto firms, has urged US House lawmakers to quickly pass a major bill when they meet next week that would lay out how the crypto industry is regulated. In a letter sent on Monday, Stand With Crypto and 65 crypto advocacy groups and firms asked House lawmakers…
Read more
The UK has sentenced two men to a combined total of 12 years in prison after they admitted to running a crypto scheme that stole over 1.5 million British pounds ($2 million) by cold-calling victims. The Financial Conduct Authority said on Friday that a central London court handed the scheme’s operators, Raymondip Bedi and Patrick…
Read more
US President Donald Trump has lashed out at his former cost-cutting czar, Elon Musk, after the world’s wealthiest man said he is launching a political party to challenge the US two-party system. “I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks,” Trump…
Read more
US Republican House leaders have pledged to consider three key crypto bills starting in mid-July as part of a regulatory “Crypto Week.” House Finance Committee Chair French Hill, House Agriculture Committee Chair Glenn Thompson and Speaker Mike Johnson said on Thursday that they’d use the week of July 14 to 18 to look over a…
Read more
An industry trade group is urging the US securities regulator to reject a wave of relief requests from crypto companies seeking to offer tokenized stocks. The Securities Industry and Financial Markets Association (SIFMA), which consists of securities issuers and finance firms, said in a letter on Monday that it has a “significant concern” about reports…
Read more