Category: Law of the Chain
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House advances GENIUS and Clarity acts in second procedural vote, reviving Crypto Week momentum
The US House advanced the GENIUS and Clarity crypto bills in a second procedural vote, reviving momentum for stablecoin regulation and digital asset oversight after an initial setback.
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$36.1 Trillion later, Wall Street can’t ignore stablecoins anymore
Wall Street giants JPMorgan and Citigroup are adopting stablecoins amid regulatory debates, with $36.1T in annual transactions. Despite legislative hurdles, stablecoin market shows resilience and growth.
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House rejects crypto package containing the GENIUS Act despite Trump urging progress
The House rejected a crypto package including the GENIUS, CLARITY, and Anti-CBDC Surveillance Acts despite Trump’s support. The measures must now be repackaged or reintroduced individually.
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ZachXBT Slams Hacked CEX BigONE, Says Firm Failed to Stop Months of Scam Activity – “The Defiant”
ZachXBT accuses BigONE exchange of ignoring $60M in scam activity before a $27M hack. The exchange claims cooperation with law enforcement but faces criticism for inaction.
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Trump reveals draft letter firing Fed Chair Powell during crypto bill discussion
Trump revealed a draft letter to fire Fed Chair Powell during a crypto bill meeting, escalating his criticism of Powell’s policies. Legal protections make such a dismissal unprecedented and unlikely.
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GOP Rep. French Hill says GENIUS, CLARITY, and Anti-CBDC acts have enough votes to advance
Rep. French Hill states the GENIUS, CLARITY, and Anti-CBDC acts have sufficient House votes to advance, aiming to regulate stablecoins and block CBDCs, despite earlier procedural setbacks.
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DEA, FBI Have Seized $10 Million in Crypto From Mexican Drug Cartel Sinaloa This Year – Decrypt
DEA and FBI seized $10M in crypto from Mexico’s Sinaloa cartel, part of a wider operation recovering drugs and highlighting cartels’ use of cryptocurrency for money laundering.
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French Hill Claims House Now Has Bipartisan Support To Pass GENIUS Act
French Hill confirms bipartisan support for the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act, with a House vote expected soon. Bitcoin and altcoins rise amid optimism.
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Ethereum Gets Billionaire Boost as Thiel Makes Big Bet
Peter Thiel’s Founders Fund acquires 9.1% stake in BitMine Immersion Technologies, a firm accumulating Ethereum, signaling strong institutional interest in ETH as a treasury asset.
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EU Sanctions crypto entities for election interference, disinformation
The EU sanctioned nine individuals and six entities for using crypto to bypass sanctions and fund pro-Russian disinformation, including Kremlin influencer Simeon Boikov and firm A7 OOO.
