In a fresh move to curb North Korea’s covert cyber operations, the U.S. Treasury Department has imposed sanctions on two individuals and four entities accused of enabling malicious IT workers to penetrate American crypto firms. The Office of Foreign Assets Control (OFAC) announced on July 8 that it had sanctioned ...
The US Senate is locked in an all-night marathon as lawmakers debate President Donald Trump’s sweeping tax and spending package, with discussions stretching beyond 17 hours and expected to continue into early Tuesday morning in Washington, D.C. Dubbed the “One Big Beautiful Bill Act,” the legislation has sparked a frenzy ...
The US Senate is aiming to pass comprehensive legislation governing the digital asset market structure before the end of September, according to Senate Banking Committee Chair Tim Scott. Speaking during a Thursday, June 26 fireside chat with Wyoming Senator Cynthia Lummis and White House crypto adviser Bo Hines, Scott emphasized ...
In one of the largest crypto asset recoveries in U.S. law enforcement history, Coinbase has played a pivotal role in helping the U.S. Secret Service trace and reclaim $225 million in Tether (USDT) linked to widespread "pig butchering" scams. According to a June 24 announcement by the crypto exchange, Coinbase ...
The United States Federal Housing Finance Agency (FHFA) has announced that it will examine whether cryptocurrency holdings should be considered in mortgage qualification. This move could further integrate digital assets into the traditional financial system. In a post on X on June 24, FHFA Director William Pulte stated that the ...
The U.S. Federal Reserve has announced a significant shift in its regulatory framework, directing its supervisors to stop considering “reputational risk” when overseeing banks — a move widely seen as a win for the cryptocurrency industry. The change addresses long-standing concerns from digital asset companies, which argued that vague reputational ...
The U.S. House Committee on Financial Services has taken a major step toward comprehensive digital asset regulation, voting 32-19 to advance the Digital Asset Market Clarity (CLARITY) Act to the full House floor for consideration. The bipartisan move follows an earlier 47-6 approval by the House Agriculture Committee, signalling growing ...
Five individuals have pleaded guilty to their roles in a sprawling $36.9 million cryptocurrency fraud scheme that defrauded U.S. citizens and funneled the stolen funds to a scam hub in Cambodia, according to the U.S. Attorney’s Office for the Central District of California. Source: US Attorney Office The scam involved ...
A major U.S. stablecoin bill is headed for Senate debate this week, and top crypto lobbying groups are urging lawmakers to maintain focus as potential amendments threaten to derail its progress. Leading industry groups — including the Blockchain Association, Crypto Council for Innovation, Digital Chamber, and the DeFi Education Fund ...
A landmark stablecoin regulation bill backed by the White House is gaining traction in the U.S. Senate, with the potential to unleash trillions in demand for U.S. Treasuries, according to Donald Trump’s top advisor on crypto and artificial intelligence, David Sacks. In a May 21 interview with CNBC, Sacks revealed ...
