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 ...
The U.S. Senate has taken a significant step toward stablecoin regulation, advancing the long-debated Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act following a pivotal 66–32 vote on May 19. The procedural victory marks a dramatic turnaround after previous Democratic opposition halted progress amid concerns over former President ...
In a striking display of financial heft and stability, Tether has overtaken Germany in U.S. Treasury bill holdings, underscoring its dominant position in the digital asset ecosystem and its conservative approach to reserve management. According to the U.S. Department of the Treasury data and Tether’s Q1 2025 attestation report, the ...
Federal prosecutors have decided to drop a portion of their criminal case against Roman Storm, co-founder of crypto mixer Tornado Cash, following a major policy shift from the U.S. Department of Justice (DOJ) on crypto enforcement. However, the bulk of the charges—including serious allegations of money laundering and sanctions violations—remain ...
In a chilling escalation of cybercrime tactics, hackers are now leveraging deepfake technology to impersonate senior U.S. government officials in a series of phishing campaigns aimed at stealing sensitive data, the Federal Bureau of Investigation (FBI) has warned. According to a public advisory issued by the FBI on May 15, ...
The United States Senate is poised to pass a landmark bipartisan stablecoin bill, the GENIUS Act, as early as next week, following a key revision that removed controversial language targeting former President Donald Trump’s crypto ventures. Senator Cynthia Lummis, a Republican from Wyoming, announced during a Coinbase-hosted event on May ...
U.S. House Democrats have intensified scrutiny of Donald Trump’s crypto dealings, demanding the Treasury Department release suspicious activity reports (SARs) linked to his digital ventures, including the Trump-themed cryptocurrency and World Liberty Financial (WLF). In a letter dated May 14 and addressed to Treasury Secretary Scott Bessent, Representatives Gerald Connolly, ...
