Category: Law of the Chain
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Ex-S Korean First Lady Kim Keon-hee ‘Faces Crypto Case Probe’
South Korean prosecutors are investigating ex-First Lady Kim Keon-hee’s potential ties to a crypto market maker accused of manipulating altcoin prices and running scam coin operations.
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Tornado Cash Trial Takes a Turn as Roman Storm’s Lawyers Mull Mistrial – Decrypt
Roman Storm’s lawyers may seek a mistrial, citing flaws in the prosecution’s case against Tornado Cash. They argue the government hasn’t proven the protocol’s use in alleged cybercrimes.
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Crypto ATMs seized in the UK amid growing scrutiny of kiosk-based exchanges
UK authorities seized seven crypto ATMs and arrested two suspects for illegal operations and money laundering. The FCA warns against unregistered crypto ATMs, while US lawmakers propose regulations to combat rising scams.
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BitGo joins flurry of crypto firms eyeing IPOs
BitGo files for a potential IPO with the SEC, aiming to enter public markets amid growing crypto sector momentum. The company, specializing in institutional custody solutions, recently gained EU regulatory approval under MiCA and seeks a U.S. bank charter.
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Judge allows testimony on ‘feasible’ Tornado Cash code changes
A judge allowed testimony stating Tornado Cash co-founder Roman Storm could have modified the platform to deter criminals. Storm faces charges of money laundering and violating sanctions.
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Polymarket set to reenter US with $112M acquisition of QCEX derivatives exchange
Polymarket returns to the US after acquiring QCEX, a CFTC-regulated derivatives exchange, for $112M, enabling its prediction market platform to operate legally in the country again.
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El Salvador’s Bitcoin Moves Questioned by IMF — Bitcoin Hyper Rises With Confidence
El Salvador pauses Bitcoin purchases under IMF agreement despite BTC’s price surge, raising questions about its crypto strategy and compliance with loan terms.
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Polymarket set to reenter US with $112M acquisition of QCEX derivitives exchange
Polymarket acquires US-licensed QCEX for $112M, enabling its return to the US market after a two-year hiatus. The move follows dropped investigations and positions Polymarket against competitors like Crypto.com and Kalshi.
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GENIUS Act Poised to Reshape Global Stablecoin Landscape, Experts Say – Crypto News Bitcoin News
The GENIUS Act, a new U.S. law, is expected to set global standards for stablecoin regulation, requiring compliance from non-U.S. issuers to access U.S. financial systems.
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GENIUS Act Passes, Targets Stablecoin Oversight News ETHNews
The GENIUS Act establishes federal oversight for stablecoins, mandating transparency. Ripple’s RLUSD, backed by U.S. Treasuries, may challenge Tether’s dominance and aid global dollar reach via XRP’s network.
