Category: decrypt.co

Pakistan Appoints World Liberty Financial Advisor to Key Government Role on Crypto Bilal Bin Saqib has been tapped to lead strategy as Islamabad embraces crypto mining and ties with a controversial U.S. crypto project. Callan Quinn Go to decrypt.co

How the Crypto Industry Is Responding to the CFTC’s Call on Perpetuals Some of crypto’s biggest players have weighed in on the CFTC’s April request. Here’s how they think the U.S. can bring perpetuals home. Vince Dioquino Go to decrypt.co

Crypto Investor Charged With Kidnapping, Torturing Man in NYC Over Bitcoin Password The New York assault is the latest addition in a growing list of violent attempts to steal crypto through physical coercion. Callan Quinn Go to decrypt.co

Global Darknet Bust Leads to $200M in Digital Asset and Cash Seizures A global sting, dubbed Operation RapTor, has led to the arrest of 270 suspects and the seizure of $200 million in cash and crypto. Vismaya V Go to decrypt.co

Michigan Lawmakers Propose Four New Crypto-Related Bills The new Michigan bills would permit Bitcoin pension investments, bar state CBDC support, and offer tax breaks for crypto mining at oil sites. Vismaya V Go to decrypt.co

Hong Kong Passes Law to Regulate Fiat-Pegged Stablecoins The new law introduces a licensing regime for stablecoin issuers as the city seeks to balance crypto innovation and investor protections. Callan Quinn Go to decrypt.co

Texas Moves to Adopt Bitcoin Reserve, Needs Final Sign-Off to Become Law Texas lawmakers have approved a bill to create a state-run Bitcoin reserve, leaving one final procedural step before it can become law. Vince Dioquino Go to decrypt.co

ASIC Seeks High Court Ruling on Crypto Yield Products After Block Earner Win Australia’s corporate regulator is seeking High Court clarity on how crypto yield products should be regulated under financial law. Callan Quinn Go to decrypt.co

Texas House Advances Bitcoin Reserve Bill With Bipartisan Backing Texas lawmakers voted 105-23 to advance Senate Bill 21, a crypto reserve measure that could influence the state’s approach to digital assets. Vince Dioquino Go to decrypt.co

SEC Charges Unicoin, Executives Over Alleged $110 Million Crypto Fraud The SEC alleges Unicoin misled over 5,000 investors in a $100 million crypto offering with false claims about asset backing and registration. Callan Quinn Go to decrypt.co

US Tourist Says Bitcoin, XRP Worth $123K Stolen After Ride With Fake Uber in London An American tourist has lost more than $123,000 in crypto after being drugged and abducted by a fake Uber driver in London’s West End. Vince Dioquino Go to decrypt.co

Screen Actors Guild Files Charges Against Epic Games Subsidiary Over AI Darth Vader The U.S. actors’ union has filed a complaint against Epic’s Llama Productions, alleging it used AI to replace voice actors without consent. Jason Nelson Go to decrypt.co

South Korean Actor Hwang Jung-eum Faces Backlash for Embezzling $3 Million to Buy Crypto Hwang was cut from her TV show and dropped by brands after admitting to using $3 million in company funds to invest in crypto. Vismaya V Go to decrypt.co

Binance Seeks Dismissal of FTX’s $1.76B Clawback Suit, Calling It ‘Legally Deficient’ Binance called FTX suit legally baseless, blaming collapse on “one of the most massive corporate frauds in history.” Vismaya V Go to decrypt.co

Genesis Sues DCG, Seeks Recovery of Over $3.1B in Note and Asset Transfers Genesis is suing DCG and CEO Barry Silbert to recover over $3.1 billion, alleging fraud, self-dealing, and improper asset transfers. Vince Dioquino Go to decrypt.co

Trump Signs Bipartisan Act Targeting Deepfake Abuse and Online Exploitation The New law makes non-consensual intimate images and deepfake porn a federal crime, requiring tech companies to take down images when asked. Callan Quinn Go to decrypt.co

Australian Man Forfeits $2.5M in Bitcoin Without Charges After AFP Crypto Probe The Australian man’s assets were seized under proceeds of crime laws following an AFP probe into a major crypto hack from 2013. Callan Quinn Go to decrypt.co

Man Who Hacked SEC’s X Account to Pump Bitcoin Gets 14 Months in Prison An Alabama man will spend 14 months in prison for his role in hacking the SEC’s X account to spread false info about Bitcoin ETF approvals. Logan Hitchcock Go to decrypt.co

Senator Slams Trump’s World Liberty Financial Over ‘Seriously Inadequate’ Response to Inquiry Earlier this month, Senator Blumenthal launched an inquiry into whether the Trump family’s crypto venture has violated federal laws. Sander Lutz Go to decrypt.co

Coinbase SEC Probe and Security Breach Unlikely to Derail Growth, Experts Say Experts say Coinbase’s inclusion in the S&P 500 is unlikely to be affected by an SEC probe and recent insider-led data breach. Callan Quinn Go to decrypt.co

DOJ Charges $236M Crypto Crime Ring That Spent Millions at Nightclubs Defendants allegedly stole hundreds of millions in crypto and then blew it on supercars, private jets, and designer bags. Callan Quinn Go to decrypt.co

Australian Crypto Exchange Cointree Fined Over Delayed Suspicious Activity Reports Cointree was fined after voluntarily disclosing delays in filing suspicious activity reports, as AUSTRAC intensifies crypto oversight. Vismaya V Go to decrypt.co

Nebraska Lawmakers Approve Crypto Mining Limits in Final Reading If signed by the Governor, Nebraska’s bill would take effect this October, regulating crypto miners using over 1 MW of electricity. Vismaya V Go to decrypt.co

Paris Kidnapping Attempt Highlights Growing Threat to Crypto Figures The daughter and grandson of a French crypto exchange co-founder have narrowly escaped armed abduction in Paris. Callan Quinn Go to decrypt.co

Senators Urge Treasury to Rethink Tax on Unrealized Crypto Gains The Senators said the tax rule would leave U.S. firms at a disadvantage to foreign competitors and urged Treasury to “act swiftly.” Vismaya V Go to decrypt.co

Arizona Governor Vetoes Two Crypto Bills, Signs One Targeting ATM Fraud Arizona Governor Katie Hobbs vetoed SB1373, saying market volatility makes it an imprudent fit for state fund management. Vismaya V Go to decrypt.co

Australia Names New Assistant Minister for Tech Portfolio Amid Crypto Regulation Push Andrew Charlton has been named Assistant Minister for the Digital Economy as Australia prepares to reform its digital asset landscape. Callan Quinn Go to decrypt.co

Caitlyn Jenner Meme Coin Lawsuit Tossed for Lack of US Jurisdiction A federal court tossed a proposed class action accusing Caitlyn Jenner of crypto fraud, but left the door open for an amended complaint. Vince Dioquino Go to decrypt.co

SEC Commissioner Crenshaw Slams Ripple Deal, Agency Direction Under Trump Commissioner Caroline Crenshaw criticized the agency’s settlement with Ripple, calling it a blow to investor protections and rule of law. Callan Quinn Go to decrypt.co

Treasury Secretary Bessent Blasts Senate for Blocking GENIUS Stablecoin Bill Scott Bessent has slammed the Senate for blocking the GENIUS Act, warning it weakens U.S. crypto leadership ahead of the 2026 midterms. Vismaya V Go to decrypt.co

OCC Says Banks Can Handle Crypto for Customers—And Outsource It Too The OCC has reaffirmed national banks’ authority to manage and outsource crypto asset services, signaling a broader regulatory shift. Vince Dioquino Go to decrypt.co

Arizona Passes Unclaimed Crypto Law After Vetoing Reserve Last Week Arizona becomes the first U.S. state to hold unclaimed crypto in its original form, following a veto on a separate crypto bill last week. Callan Quinn Go to decrypt.co

G7 to Discuss Crypto Hacks, Tackle North Korean Issue: Report G7 leaders are expected to address North Korea’s crypto hacks, which have reportedly helped fund its weapons programs over the years. Vince Dioquino Go to decrypt.co