Category: decrypt.co

Tariffs May Help Fund US Bitcoin Reserve Buildup Says White House Advisor Bo Hines White House digital assets director Bo Hines cites tariffs as one of several “budget-neutral” options being explored to acquire Bitcoin. Vince Dioquino Go to decrypt.co

Another Swedish Lawmaker Pushes to Add Bitcoin to National Reserves Two Swedish MPs want Bitcoin added to reserves, mirroring U.S. efforts to build a national crypto reserve from seized digital assets. Vismaya V Go to decrypt.co

Phantom Wallet Sued Over $500K Meme Coin Theft Linked to Alleged Security Flaw The plaintiffs allege Phantom exposed users to malware and crypto theft. They are now seeking $3.1 million in damages. Vince Dioquino Go to decrypt.co

South Korea Blocks Apps of Crypto Exchanges on Apple, Google Stores Google and Apple pulled apps, including KuCoin and MEXC, after authorities flagged them for operating without proper registration. Callan Quinn Go to decrypt.co

Man Pleads Guilty to Submitting False Tax Returns Tied to $13M CryptoPunks Sales Waylon Wilcox sold millions in CryptoPunks NFTs but told the IRS he hadn’t touched digital assets. Now he’s facing prison time. Callan Quinn Go to decrypt.co

Crypto Exchanges Like Coinbase May Soon Get a Regulatory Sandbox to Play In SEC leadership floated the possibility Friday of regulatory exemptions that would allow crypto exchanges to experiment with the trading of tokenized securities. Sander Lutz Go to decrypt.co

Coinbase CLO Slams FDIC for ‘Absurd’ Delays in Crypto Debanking Records Lawsuit Coinbase opposed FDIC’s request for a 16-day delay in a FOIA case, calling the agency’s stall tactics “legally incorrect.” Vismaya V Go to decrypt.co

Arizona’s Bitcoin Mining Bill Advances to Governor’s Desk Arizona moves to shield blockchain and AI computing at home while racing other states on Bitcoin reserve bills. Vismaya V Go to decrypt.co

Crypto Competitors Grayscale and Osprey Settle Two-Year Tussle Over Bitcoin ETFs A Connecticut court filing reveals the pair have agreed to settle. Now they have 45 days or less to figure out how to go about it. Vince Dioquino Go to decrypt.co

Startup CEO Charged After ‘AI’ Turns Out to Be Humans in the Philippines Investors wanted an AI unicorn. Instead, they got a very expensive customer service team in Southeast Asia. Callan Quinn Go to decrypt.co

OpenAI Countersues Elon Musk, Accuses Billionaire of ‘Bad-Faith Tactics’ Emails from OpenAI allegedly show Musk pushed to abandon its nonprofit model, take majority equity, and become CEO. Vismaya V Go to decrypt.co

OpenSea Asks SEC for Clarity on NFT Marketplace Rules OpenSea, which describes itself as a digital bazaar, wants regulators to draw a clear line between NFT marketplaces, exchanges, and brokers. Callan Quinn Go to decrypt.co

Argentine Congress Approves Probe into Officials Over Libra Scandal Argentina’s Chamber of Deputies has voted to investigate top officials after the Milei promoted Libra meme coin tanked in February. Vince Dioquino Go to decrypt.co

New York Bill Proposes Using Blockchain to Safeguard Election Results Assemblyman Clyde Vanel’s new proposal would evaluate how blockchain can secure voter records and election results. Vismaya V Go to decrypt.co

Meta Accused of Assisting China’s AI Ambitions, Whistleblower to Tell Congress Former policy chief Sarah Wynn-Williams said Meta allegedly compromised U.S. interests and misled lawmakers about its AI dealings with China. Vismaya V Go to decrypt.co

Nigerian Court Adjourns Binance Tax Case to End of April: Report Nigeria is seeking $81.5 billion from Binance, alleging its activities harmed the economy and devalued the Naira. Callan Quinn Go to decrypt.co

Hong Kong Regulator Now Lets Regulated Firms Offer Staking Services Drawing a parallel between floppy disks and innovation, Choi said Monday blockchain tech has the potential to “rewrite the rules” of finance. Vince Dioquino Go to decrypt.co

UK Police Team With Law Firm for Asset Recovery Program Following Crypto Fraud Seizure After a successful pilot in which crypto assets were recovered on behalf of an elderly victim, London police are taking the next step. Simon Chandler Go to decrypt.co

Tether May Launch New Stablecoin If US Regulators Push Out USDT, Says CEO Tether pictures a long-term reality in which USDT is not offered in either the United States or Europe, Paolo Ardoino said Friday. Sander Lutz Go to decrypt.co

Unicoin Co-Founder Wants to Be ‘Next’ as SEC Eases Crypto Crackdown Under Trump Unicorn’s CEO is urging the SEC to drop its probe against his company, pointing to recent dismissals of multiple high-profile cases. Vince Dioquino Go to decrypt.co

US House Committee Votes to Move Forward on Anti-CBDC Bill Minnesota Republicans’ Anti-CBDC Act passes key committee, aiming to curb federal surveillance through digital currencies. Callan Quinn Go to decrypt.co

Illinois to End Lawsuit Against Coinbase Over Staking Program: Report The state would become the fourth to withdraw its legal actions against the crypto exchange. Six other cases are pending. Vince Dioquino Go to decrypt.co

Lawmakers Press SEC for Details on Trump’s Crypto Connections Trump’s crypto ties pose “an unprecedented conflict of interest,” said lawmakers asking the SEC for answers on paused enforcement cases. Vismaya V Go to decrypt.co

Stablecoin Transparency Bill Passes House Committee With Overwhelming Vote The STABLE Act has cleared the House Financial Services Committee, even as scrutiny of Trump-linked stablecoin ventures mounts. Vince Dioquino Go to decrypt.co

Crypto-Backed Candidates Patronis and Fine Win Key Florida Seats Broad crypto super PAC support has given the GOP’s slim House majority two new wins in Florida in a bid to pursue pending crypto legislation. Vince Dioquino Go to decrypt.co

SEC, Gemini Seek 60-Day Pause on $900M Crypto Lending Case The request to stay Gemini v. SEC forms part of a broader regulatory pullback under Trump, following instances with Coinbase and Ripple. Vince Dioquino Go to decrypt.co

Kentucky Joins South Carolina, Vermont in Dismissing Coinbase Lawsuits Kentucky has dismissed its Coinbase staking suit days after passing pro-crypto legislation, following in the footsteps of other states. Vismaya V Go to decrypt.co

Coinbase CEO Slams ‘Outdated’ Stablecoin Rules, Pushes for Interest Payments Pending legislation should allow crypto firms to offer “onchain interest” to stablecoin holders without government favoritism, Armstrong said. Callan Quinn Go to decrypt.co

Australia Puts Crypto ATM Providers ‘On Notice’ Over Money Laundering Concerns Crypto kiosks are under fire for allegedly enabling scams, prompting swift regulatory pushback from Australia’s financial regulator. Vismaya V Go to decrypt.co

Japan Eyes Giving Crypto Assets Legal Status: Report The country’s financial regulator is rethinking how it wants to treat crypto, including provisions to curb insider trading. Vince Dioquino Go to decrypt.co

Iran Officials Allegedly Steal $21 Million in Crypto While ‘Investigating’ Corruption Cryptoland CEO Sina Estavi was tricked into paying $10,000 to “buy back” stolen tokens from what he believed was a third party. Vismaya V Go to decrypt.co

Hawk Tuah Girl Says SEC Dropping Probe Into Solana Meme Coin: TMZ Haliey Welch went viral last year following an interview about sexual techniques. André Beganski Go to decrypt.co

Influencer Behind Solana Meme Coin Files Abuse Lawsuit Against Andrew Tate Stern has detailed her allegations of sexual assault from Tate describing it as a “traumatic” encounter tied to crypto promotions. Vince Dioquino Go to decrypt.co

SEC Officially Drops Cases Against Kraken, ConsenSys, and Cumberland DRW The agency has officially ended what has been characterized as a “wasteful, politically motivated campaign” against the crypto industry. Vince Dioquino Go to decrypt.co

California Judge Dismisses Dfinity Investor Suit For Being ‘Time-Barred’ A California federal judge has tossed the case against Dfinity, citing it exceeds the statute of repose by a year and six months. Vince Dioquino Go to decrypt.co

Crypto Rules Top Paul Atkins’ SEC Agenda Ahead of Committee Hearing Trump’s SEC nominee signals a dramatic pivot from Gensler-era crackdowns as Capitol Hill braces for a regulatory reset. Callan Quinn Go to decrypt.co

President Trump to Sign Repeal of Controversial DeFi Broker Rule Critics called the rule “unworkable,” noting DeFi platforms run on automated code without human oversight or user identification. Vince Dioquino Go to decrypt.co

Elizabeth Warren Calls Stablecoin Bill a Trump and Musk ‘Grift’ Senator Elizabeth Warren accused Trump of using his stablecoin to “enrich himself,” criticising the bill for empowering him and Musk. Vismaya V Go to decrypt.co

SEC Schedules Four New Roundtables for Crypto Task Force The SEC is aiming to discuss and solve regulatory issues around crypto trading, custody, tokenization, and decentralized finance. Vince Dioquino Go to decrypt.co

SEC Drops Investigation into Web3 Gaming Firm Immutable The regulator’s decision to drop its probe into Immutable follows several high-profile cases against crypto firms it has ceased to pursue. Vince Dioquino Go to decrypt.co