Category: Law of the Chain
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US Treasury sanctions Garantex again over $100M illicit transactions
The US Treasury imposed a second sanction on Garantex, a crypto exchange, citing $100M in illicit transactions and ties to Russian entities.
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US Treasury confirms budget-neutral Bitcoin reserve purchases feasible in 2023
US Treasury official Bessent confirms budget-neutral Bitcoin reserve purchases remain feasible, citing 2023 data and potential impact on BTC and USDT markets.
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US Treasury adds 5% Bitcoin to reserves via budget-neutral strategy
US Treasury Secretary announced budget-neutral Bitcoin acquisition for reserves, targeting 5% allocation. Bitcoin (BTC) and MicroStrategy (MSTR) surged 15% post-announcement.
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Bessent backtracks, says Treasury committed to ‘exploring budget-neutral pathways’ to add Bitcoin
Bessent reversed stance, Treasury seeks budget-neutral Bitcoin options. Bitcoin (BTC) rose 3% after the statement. SEC Chair Gensler reiterated caution on crypto.
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Former Pump.fun employee admits $2 million Solana theft, faces sentencing
A former Pump.fun employee admitted guilt in stealing $2 million worth of Solana (SOL), with sentencing pending; case highlights crypto security risks.
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SEC delays Solana ETF approvals from Bitwise and 21Shares in July 2024
SEC delays Solana ETF decisions from Bitwise and 21Shares; SOL trades near $190 amid regulatory uncertainty affecting crypto markets.
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Bessent considers U.S. Bitcoin purchases as BTC holds $42,000 amid policy debate
Kenneth Bessent suggests U.S. may consider strategic Bitcoin purchases amid mixed signals, as BTC trades near $42,000 with $800B market cap.
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FBI reports 12,000 cases of fake law firms targeting crypto scam victims in 2023
FBI warns of fake law firms targeting crypto scam victims; Bitcoin and Ethereum mentioned; 2023 saw 12,000 reported cases; avoid unverified recovery services.
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Hong Kong regulators address 5% stablecoin market swings in Q1 2024
Hong Kong regulators caution on stablecoin volatility amid Tether (USDT) and USD Coin (USDC) fluctuations, noting a 5% market swing in Q1 2024.
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Wall Street seeks GENIUS Act edits for stablecoins USDC and USDT by 2024
Wall Street and consumer advocates urge changes to the GENIUS Act, impacting stablecoins like USDC and USDT; 2024 proposals include stricter reserve requirements.
