Category: Law of the Chain
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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.
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Bitwise’s 10 Crypto ETF Approved but Stayed in Bizarre Move
The SEC approved Bitwise’s crypto ETF conversion but later issued a stay order, halting its launch. This marks the second such reversal this month, drawing criticism from analysts.
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Some Tokenization Is Just ‘Gambling’, Says Prometheum CEO – Decrypt
Prometheum CEO Aaron Kaplan criticizes some tokenization as gambling, emphasizing the need for real asset backing. The firm aims to integrate blockchain into traditional finance while complying with SEC regulations.
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Fraudster Sells Check Images Stolen From Billion-Dollar Bank’s System, Causing Lender To Lose $108,000 – The Daily Hodl
The OCC is prohibiting a former Webster Bank employee who allegedly sold stolen check images online, causing $108,000 in losses. The fraud affected 13 customers, totaling $237,374 in reported fraud.
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Goldman Sachs and BNY Launch First U.S. Tokenized Money Market Funds – Brave New Coin
Goldman Sachs and BNY Mellon launch the first U.S. tokenized money market funds, enabling faster trades and collateral use via blockchain, following new crypto laws signed by President Trump.
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Washington Officials Move To Forfeit $7 Million In Crypto Scheme
U.S. officials seek to forfeit $7.1 million in crypto linked to a $97 million fraud scheme involving oil tank rentals, with funds traced to Russian and Nigerian IP addresses.
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Fate of crypto, CBDC bills unclear as US Congress heads into recess
Three crypto bills passed the US House, with one signed into law. The remaining bills face Senate scrutiny amid partisan disputes and recess delays, focusing on stablecoins, market structure, and anti-CBDC measures.
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White House to release crypto report July 30 with potential Bitcoin reserve disclosures
The White House will release a crypto policy report on July 30, potentially detailing Bitcoin reserve plans and recommending reforms for crypto firms’ banking access and national security.
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Breaking: White House To Release Crypto Policy Report On July 30
The White House will release a crypto policy report on July 30, detailing findings on a Strategic Bitcoin Reserve and proposing a federal regulatory framework for digital assets.
