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, ...
Despite claiming "substantial progress" in ongoing trade negotiations with China, the White House has yet to finalize or announce a formal deal, leaving investors uncertain about what comes next. In a statement issued on May 11, Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer said the talks had ...
U.S. Treasury Secretary Scott Bessent expressed support for two major crypto-related bills currently moving through Congress, signalling the Biden administration’s alignment with Republican-led efforts to make the United States a global hub for digital assets. Speaking before the House Financial Services Committee on May 7, Bessent emphasized the importance of ...
Israel-based trading platform eToro is moving forward with plans to go public in the United States, aiming for a valuation of up to $4 billion as it prepares to list on the Nasdaq Global Select Market under the ticker symbol “ETOR.” According to a recent announcement, eToro and its existing ...
Former Celsius CEO Alex Mashinsky is pushing back hard against the U.S. Department of Justice’s request for a 20-year prison sentence, accusing prosecutors of painting him as a “venom-laced” villain and ignoring his clean business record. In a memorandum, Mashinsky’s legal team argued that the proposed sentence is extreme for ...
