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 ...
A Russian-Israeli man accused of helping orchestrate the 2022 $190 million Nomad bridge hack is now facing extradition to the United States after being apprehended in Israel. According to an Israeli news outlet, the suspect, Alexander Gurevich, returned to Israel on April 19 and was summoned shortly after for an ...
The U.S. Attorney's Office for the Eastern District of New York (EDNY) has appointed Joseph Nocella as interim U.S. Attorney, according to a May 5 notice, following the departure of Acting Attorney John Durham. Nocella, selected by President Donald Trump, will serve for 120 days or until a Senate-confirmed successor ...
House Republicans have introduced a revised version of the Digital Asset Market Structure Discussion Draft, signalling a pivotal shift in U.S. crypto regulation aimed at decentralizing market power and creating clearer rules for digital asset innovation. Championed by House Agriculture Committee Chair Glenn Thompson and Financial Services Subcommittee Chair French ...
Lawyers representing the co-founders of Samourai Wallet are accusing federal prosecutors of deliberately concealing key guidance from the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) that could undermine the criminal case against their clients. In a letter submitted to the Manhattan federal court, attorneys for Keonne Rodriguez and William Hill, ...
The U.S. Treasury Department is targeting the Cambodia-based Huione Group over allegations of laundering billions in illicit cryptocurrency, including funds connected to North Korea's Lazarus Group. They propose cutting the firm off from the American financial system. Announced on May 1 by the Treasury’s Financial Crimes Enforcement Network (FinCEN), the ...
According to reports citing Senate Majority Leader John Thune, the U.S. Senate is preparing to take up stablecoin legislation before the Memorial Day recess on May 26. In an April 29 politico report during a closed-door session with Republican senators, Thune reportedly confirmed that the chamber would prioritize discussions on ...
Legendary hedge fund manager Ray Dalio has raised fresh concerns over the future of the global financial system, warning that the current monetary order is teetering on collapse, accelerated by escalating US trade tariffs. In a post shared on X on April 28, the Bridgewater Associates founder said rising trade ...
