Category: decrypt.co

Bukele Dismisses IMF Terms, Vows El Salvador’s Bitcoin Strategy ‘Won’t Stop’ El Salvador has compliance reviews slated in June and September, with new rules to follow. If it fails, the country risks its loan package. Vince Dioquino Go to decrypt.co

Former Girlfriend of LA ‘Godfather’ Agrees to Plead Guilty Over $2.6M Tax Fraud Au pleaded guilty to tax fraud for helping her ex-boyfriend launder illicit funds and faces up to 3 years in prison for her role. Vismaya V Go to decrypt.co

SEC’s Crypto Task Force Assembles Mix of Agency Veterans, Industry Experts Though the SEC hasn’t detailed initiatives, the Task Force’s composition signals focus on blending securities law and crypto frameworks. Sebastian Sinclair Go to decrypt.co

Grayscale Pursues Sixth Altcoin ETF as Nasdaq Seeks to List Hedera Fund Approving multiple smaller assets for Grayscale’s ETFs could help pave the way for an index ETF, a source told Decrypt. Vismaya V Go to decrypt.co

US Court Dismisses SEC Case Against Richard Heart, Hex The SEC failed to establish jurisdiction over Finland-based Richard Heart despite allegations from the agency of manipulating transactions. Vince Dioquino Go to decrypt.co

Ethereum’s Joe Lubin Says ‘Acceleration Is Definitely On’ After SEC Reversal Consensys founder and CEO Joe Lubin says he’s increasingly optimistic as the SEC shifts from attacks to collaboration with crypto builders. Jason Nelson Go to decrypt.co

Was FTX Gary Gensler’s Fault? Unclear Laws Created a ‘Haven for Bad Actors’, Says Hester Peirce The head of the SEC’s new crypto task force said Friday that the regulator’s previous leadership harmed the American public and emboldened bad actors. Sander Lutz Go to decrypt.co

FBI Links North Korea to $1.4 Billion Bybit Crypto Heist The FBI, while late to the party, has confirmed the $1.4 billion theft of Ethereum from a Bybit cold wallet originated from North Korea. Vince Dioquino Go to decrypt.co

US Lawmakers Delay Timeline for Crypto Legislation During a Wednesday meeting, lawmakers and industry experts expressed less urgency to speed-run new crypto reforms. Liz Napolitano Go to decrypt.co

SEC Softens Crypto Stance as Justin Sun Eyes Settlement, Gemini Cleared of Probe The SEC is retreating from cases against Tron’s Justin Sun and crypto exchange Gemini, signaling a softer stance on the industry. Vince Dioquino Go to decrypt.co

Illinois Senator Proposes Bill to Regulate Crypto ATMs Nationwide The bill would limit crypto ATM transactions for new users, mandate fraud alerts, and ensure refunds for victims reporting fraud. Vismaya V Go to decrypt.co

SEC Acknowledges Grayscale’s Revised Staking Proposal for its Ethereum ETF The NYSE Arca filing details how the SEC could allow Grayscale’s Ethereum funds to earn staking rewards while maintaining custody safeguards. Vince Dioquino Go to decrypt.co

South Dakota Follows Montana’s Lead, Throws Water on Bitcoin Reserve Plans While South Dakota lawmakers rejected the bill citing volatility concerns, Rep Logan Manhart plans to push for its revival next year. Vismaya V Go to decrypt.co

Montana Joins Growing List of US States Knocking Back Bitcoin Reserve Bills Montana joins North Dakota, Wyoming, and Pennsylvania in halting proposals to include Bitcoin in state reserves. Vismaya V Go to decrypt.co

SEC’s Coinbase Reversal Is Only the Latest Pro-Crypto Shift Under Trump The SEC is abandoning cases and shaping new rules for the industry, reflecting the Trump administration’s more crypto-friendly approach. Liz Napolitano Go to decrypt.co

North Korea’s Lazarus Group Behind Bybit’s $1.4 Billion Ethereum Hack: Arkham On-chain sleuthing linked Friday’s $1.4 billion hack of crypto exchange Bybit to North Korea’s Lazarus Group, Arkham Intelligence said. Andrew Hayward,Sander Lutz Go to decrypt.co

Grayscale XRP ETF Countdown Begins as Filing Hits Federal Register Grayscale’s XRP ETF filing joins four other Solana ETF filings published in the U.S. SEC’s Federal Register in the past week. Vismaya V Go to decrypt.co

XRP Price Jumps as SEC Acknowledges Canary Capital and Wisdom Tree XRP ETF Filings XRP’s price rally follows the acknowledgment of multiple XRP filings by the SEC and rumors of delay in Ripple’s legal battle with the agency. Vismaya V Go to decrypt.co

Indian Authorities Seize $190 Million Tied to BitConnect Crypto Scam It’s a drop in the bucket compared to the stash of Bitcoin taken from BitConnect investors, now valued at more than $31 billion. Luke Edwards Go to decrypt.co

SEC Acknowledges Bitwise’s Spot XRP ETF Filing Adding to a Crowded List SEC’s approval of Bitwise XRP ETF will depend on public feedback and the filing’s compliance with its investor protection standards. Vismaya V Go to decrypt.co

Judge Assigned to Probe Argentina’s President Milei Over Alleged Crypto Scam The probe will tackle President Milei alleged promotion of LIBRA, a Solana-based token that lost investors millions. Vince Dioquino Go to decrypt.co

Argentine President Milei Hit With Fraud Charges Over LIBRA Cryptocurrency: Report Milei deleted his promotional X post and disavowed the LIBRA project, but not before investors lost millions. Decrypt Staff Go to decrypt.co

FBI Says ‘Operation Level Up’ Stopped Crypto Fraud Victims From Losing $285 Million The government initiative is attempting to lessen the estimated $3.9 billion in losses from crypto fraud seen in 2023 alone. Luke Edwards Go to decrypt.co

Court Grants 60-Day Pause in Binance, SEC Dispute The 60-day pause may prompt other crypto giants like Ripple and Coinbase to reassess their legal disputes under a new SEC. Vismaya V Go to decrypt.co

SEC Acknowledges Grayscale’s XRP ETF Proposal, Setting Stage for Federal Review Details on Grayscale’s filing show a comprehensive framework for what could be the industry’s first spot XRP fund. Vince Dioquino Go to decrypt.co

Estonian Nationals Plead Guilty in $577 Million Crypto HashFlare Ponzi Scheme The pair, who face 20 years in prison, lacked the necessary computing power to carry out the crypto mining they had promised to investors. Vismaya V Go to decrypt.co

Blast Exposes Illegal Bitcoin Mining Setup in Malaysia An explosion in a Malaysian city has uncovered an illegal Bitcoin mining operation, with police finding rigs powered by stolen electricity. Vismaya V Go to decrypt.co

New York Senator Pushes For Crypto Task Force as State Revisits Digital Asset Regulation If approved, the bill would form a 17-member panel to study digital assets’ tax impact as New York reviews its crypto regulations. Vince Dioquino Go to decrypt.co

Judge Sides With Thomson Reuters in AI Copyright Dispute A judge ruled Ross Intelligence copied Westlaw data without permission, in a blow to AI developer’s fair use claims. Jason Nelson Go to decrypt.co

A16z’s Crypto Policy Head Brian Quintenz Picked to Lead CFTC Quintenz’s appointment could speed up the CFTC’s growing crypto role, mainly if Congress expands the regulator’s authority. Vince Dioquino Go to decrypt.co