Category: Law of the Chain
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Legislation on a blockchain pilot for Veteran Affairs claims awaits House floor vote
The House is reviewing a bill requiring the VA to study blockchain’s potential to improve claims processing transparency, traceability, and fraud resistance for veterans’ benefits.
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Mistrial Motion In Tornado Cash Case Is Unlikely
IRS Special Agent Stephan George’s credible testimony on tracing stolen funds through Tornado Cash makes a defense motion for mistrial unlikely in the ongoing case.
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FTX creditors to receive next round of payouts by Sept 30
FTX creditors will receive next payouts by Sept 30, with Aug 15 as the record date. The distribution covers Class 5 and 6 claims, plus late Convenience Claims. $1.9 billion freed from reserves for payments.
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SEC Grants, Then Halts, Approval for Crypto ETF With XRP: Expert Calls It ‘Bizarre Situation’ – Regulation Bitcoin News
The SEC initially approved a crypto ETF with Bitcoin, Ether, and XRP but later halted its launch, creating market uncertainty and confusion.
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Another ICO Boom? What the Senate’s Market Structure Bill Means for Crypto Startups – Decrypt
The Senate released a draft crypto market structure bill, complementing the House’s CLARITY Act. It aims to provide legal clarity for ICOs, allowing startups to raise up to $75M annually via token sales without SEC scrutiny.
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Court Approves $1.9B Reserve Release, Enabling Next FTX Distribution
FTX secured court approval to reduce its disputed claims reserve by $1.9 billion, enabling faster payouts to customers and creditors starting September 30, 2025, via designated service providers.
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Crypto ‘control’ takes center stage at Roman Storm trial
IRS agent testifies in Roman Storm’s trial, alleging control over Tornado Cash funds. Defense challenges evidence, may seek mistrial. Case focuses on money laundering and sanctions violations.
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White House Releases Trump’s ‘AI Action Plan’—Here’s What’s in It – Decrypt
The White House unveiled a national AI strategy focusing on growth, infrastructure, and global dominance, promoting deregulation and open-source models while facing criticism for overlooking risks.
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Tether CEO Confirms Company Nearly Ready for US Return After Trump Signs GENIUS Act – Coinspeaker
Tether plans US return after GENIUS Act passage, enabling stablecoin competition with Circle’s USDC. CEO confirms focus on institutional payments and settlements under new regulatory framework.
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Solana Labs, Jito Labs hit with RICO charges in amended Pump Fun fraud lawsuit
Solana Labs and Jito Labs face RICO charges in an amended lawsuit alleging their involvement in a $1.5 billion fraud tied to memecoin platform Pump.Fun, accused of facilitating illicit activities.
