Category: decrypt.co

Florida Joins Growing List of States Knocking Back Bitcoin Reserve Bills The push for state-level digital asset reserves is hitting resistance nationally, despite early-year optimism among Bitcoin advocates. Vismaya V Go to decrypt.co

Senator Warren Calls $2B Trump-UAE Deal ‘Shady,’ Urges Against Senate Crypto Legislation Senator Warren says the Senate’s stablecoin bill would let the president “profit” off his own crypto as foreign powers buy in. Vismaya V Go to decrypt.co

Arizona Governor Nixes Bitcoin Bill, Companion Crypto Fund Still in Limbo Arizona’s Governor has vetoed a bill that would have allowed public retirement funds to invest up to 10% in Bitcoin. Sebastian Sinclair Go to decrypt.co

French Police Rescue Kidnapped Father of Crypto Millionaire: Reports Five suspects were arrested after severing a victim’s finger in the latest “wrench attack” involving attempts at crypto extortion. Vince Dioquino Go to decrypt.co

UK Regulator Proposes Ban on Buying Crypto With Credit Cards The UK’s financial regulator is considering a ban on buying crypto with credit, and also mulling outlawing crypto lending and borrowing platforms. Sander Lutz Go to decrypt.co

Senate Majority Leader Expedites Vote on Landmark Stablecoin Bill Senate Republicans are moving to fast-track the first U.S. stablecoin framework despite opposition from banks and crypto firms. Vince Dioquino Go to decrypt.co

US Treasury Moves to Cut Off Cambodia’s Huione Group From Financial System Over $4B Laundering Claims The Financial watchdog proposed severing the Cambodian conglomerate from the U.S. banking system, citing its links to North Korea. Vince Dioquino Go to decrypt.co

North Carolina Digital Assets Bill Passes House, Moves to Senate for Debate As Trump embraces crypto nationally, U.S. states are pushing for their own digital asset legislation politicians warms to the idea. Callan Quinn Go to decrypt.co

Crypto Industry Pushes SEC for Clarity on Staking Rules An industry coalition wants the U.S. securities regulator to issue clear, principles-based guidance on the status of staking. Callan Quinn Go to decrypt.co

Bank of Italy Warns of Systemic Crypto Risks, Concentration of Power Under Trump The Bank of Italy has cautioned against crypto’s growing systemic threat and the Trump administration’s cozy relationship with the sector. Callan Quinn Go to decrypt.co

South Korea’s Ruling Party Vows to Approve Spot Crypto ETFs, Scrap Key Banking Rule South Korea’s People Power Party has pledged crypto reforms, including ETF approval and banking rule repeal, ahead of the June election. Vismaya V Go to decrypt.co

FTX Estate Sues NFT Marketplace and AI Gaming Platform Over Token Agreements Collapsed crypto exchange FTX has stepped up its efforts to recover estate assets purchased through token agreements. Callan Quinn Go to decrypt.co

Arizona Lawmakers Approve Complementary Bitcoin, Crypto Bills If approved by the governor, Arizona could become the first state to solidify the regulation of crypto and digital assets on the frontier. Vince Dioquino Go to decrypt.co

Democratic Senators Demand Ethics Probe Over Trump Meme Coin Dinner Warren and Schiff cite “pay to play” concerns after the Trump token surged following the promise of an exclusive dinner with the President. Vince Dioquino Go to decrypt.co

Nike Hit With $5 Million Lawsuit Over Alleged NFT Securities Violations Plaintiffs allege Nike executed a “soft rug pull,” leaving RTFKT NFT holders with worthless assets after winding down operations. Vismaya V Go to decrypt.co

Why Alabama’s Securities Commissioner Dropped Its Case Against Coinbase Efforts in Congress to create a legislative framework for crypto were chief among the Commission’s reasons for pulling back against Coinbase. Liz Napolitano Go to decrypt.co

Federal Reserve Withdraws Crypto Rules for Banks, Ending ‘Choke Point’ Practices The U.S. central bank will now treat crypto like any other banking service, instead of approaching the industry with particular caution. Sander Lutz Go to decrypt.co

Elderly Americans Hit Hardest by $9.3B Crypto Scam Wave in 2024: FBI America’s seniors lost nearly $3 billion to crypto fraud despite representing just 17% of the population, with ATM scams now a rising trend. Vince Dioquino Go to decrypt.co

SEC’s Crypto Custody Roundtable Begins Tomorrow, Here’s What You Should Know As crypto custody rules face scrutiny, the SEC gathers industry voices to debate the future of safeguarding digital assets. Callan Quinn Go to decrypt.co

Jay Clayton Takes Helm at SDNY, Returning to Government With Crypto Record in Tow Jay Clayton takes charge of Wall Street’s most powerful prosecutor’s office, bringing a controversial crypto enforcement record and deep ties to the financial sector. Vince Dioquino Go to decrypt.co

SEC Sues Crypto Executive Over Alleged $198 Million Scheme The SEC alleged PGI Global sold “membership packages” as unregistered securities amounting to $198 million. Vismaya V Go to decrypt.co

Yuga Labs Demands $400K in Influencer’s Crypto Wallets Over NFT Lawsuit The company has accused influencer Jeremy Cahen of evading a court order tied to the Bored Ape trademark case. Callan Quinn Go to decrypt.co

WazirX Nears Comeback as Singapore Court Sets May Hearing on $234M Restructuring Plan WazirX claims it’s on track to relaunch and distribute payouts pending court approval of its restructuring plan following last year’s hack. Callan Quinn Go to decrypt.co

Perplexity AI to Testify in Google Antitrust Case, Says Consumer Choice Is the Fix Perplexity is pushing back on a Google breakup, telling a court the real problem is Android’s tight grip on search defaults. Vismaya V Go to decrypt.co

Paul Atkins Returns to SEC Helm as Trump Reasserts Influence Over Agency Watchdog Former SEC Commissioner Atkins returns to shape a “rational” crypto framework, with a $327M net worth, he’s the richest SEC chair in decades. Vince Dioquino Go to decrypt.co

Brazilian Men Sentenced in $190 Million Bitcoin Investment Ponzi Scheme A Brazilian court has sentenced the men behind Bitcoin investment scam Braiscompany to a combined 170 years behind bars. Mathew Di Salvo Go to decrypt.co

Trump Media Calls for SEC to Investigate ‘Suspicious’ Trading of DJT Stock Truth Social parent company Trump Media & Technology Group alleged that UK-based Qube might be shorting DJT stock without disclosing its positions properly. Liz Napolitano Go to decrypt.co

Hong Kong Approves Latest Ethereum Staking ETF as New Rules Take Root Hong Kong is changing its tune following a new law, approving for the second time an Ethereum ETF with a staking component. Vince Dioquino Go to decrypt.co

Trump Administration Weighing Ban Against China’s DeepSeek: Report National security concerns grow as Washington eyes Chinese AI startup DeepSeek and pressures Nvidia over tech transfers. Callan Quinn Go to decrypt.co

A16z Calls on SEC to Update Crypto Custody Rules for Registered Investment Advisers A16z has penned a letter to the SEC calling for revised custody rules to allow RIAs to hold crypto assets directly. Vismaya V Go to decrypt.co

Coinbase Urges Australia to Vote for Crypto Progress in May Coinbase called on Australia to back crypto reform in the May 3 vote, warning lack of regulation is driving talent and capital offshore. Vismaya V Go to decrypt.co