Category: Law of the Chain
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Warren cites crypto risks to US financial stability as Bitcoin drops 5% in 2024
Senator Elizabeth Warren warns crypto threatens US financial stability; Bitcoin drops 5%, Ethereum 3% amid regulatory scrutiny; 2024 elections may influence policy.
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Wisconsin Senate targets crypto ATM scams with 2024 bill following Texas model
Wisconsin Senate introduces bill targeting crypto ATM scams, following Texas and New Jersey. Bitcoin and Ethereum mentioned. 2023 saw $3 billion lost globally.
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Do Kwon faces 25-year sentence after guilty plea in US fraud case
Do Kwon pleaded guilty in a US fraud case, facing a 25-year sentence. Terraform Labs collapsed in 2022, erasing $40B in market value. SEC and South Korean authorities investigated.
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US banking groups target stablecoin yield loophole affecting $150B market
US banking groups aim to close a stablecoin yield loophole, affecting entities like Circle and Tether. The move could impact $150B in stablecoin markets.
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FTX customers allege Sullivan & Cromwell enabled $8 billion fraud
FTX customers allege Sullivan & Cromwell played a key role in the $8 billion fraud, with 1 million creditors affected and Bitcoin dropping 20%.
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US banking groups push to close stablecoin yield loophole affecting $130B market
US banking groups urge regulators to close stablecoin yield loopholes affecting Tether and USD Coin, citing $130B market risks and potential systemic issues.
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US seizes $1M from BlackSuit ransomware in global FBI-Europol operation
US authorities seized $1M from BlackSuit ransomware group in a global operation involving Europol and FBI, disrupting cybercrime activities across 12 countries.
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HashFlare founders sentenced for $575M Bitcoin mining Ponzi scheme
HashFlare founders Ivan Turogin and Sergei Potapenko received time served for a $575M crypto Ponzi scheme involving 700,000 victims and Bitcoin mining fraud.
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Binance Chief Backs US Crypto Regulation Overhaul, Eyes Global Standard
Binance CEO CZ supports US crypto regulation changes, seeks global standards amid 2023 SEC crackdown on Coinbase and Kraken.
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JPMorgan and BlackRock stablecoin plans face 2024 SEC regulatory hurdles
JPMorgan, BlackRock face regulatory hurdles in stablecoin adoption; 2024 projections show $500B market cap amid SEC scrutiny and compliance challenges.
