Category: Law of the Chain
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This small House Republican caucus held US stablecoin bill hostage until Trump cracked the whip
A US stablecoin bill faced a House procedural hurdle until Donald Trump intervened, resolving a standoff with conservative Republicans who sought to combine it with other crypto legislation.
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Polymarket’s Legal Challenges Resolved As DOJ Closes Investigation | Bitcoinist.com
The DOJ and CFTC have closed investigations into Polymarket, allowing potential re-entry into the US market. The resolution aligns with Trump’s pro-crypto stance, boosting Bitcoin prices.
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DEA, FBI bust Sinaloa cartel, confiscate $10M in cryptocurrency
DEA and FBI seized $10M in cryptocurrency from the Sinaloa cartel during a nationwide crackdown, confiscating drugs and arresting traffickers as part of ongoing efforts to dismantle cartel operations.
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Arizona, Texas, Utah leading in US crypto policy: Chainlink
Arizona, Texas, and Utah lead US states in crypto policy, with strong congressional support and pro-crypto task forces, according to a Chainlink and Blockchain Association report.
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Arizona, Texas, Utah are leading in US crypto policy: Chainlink
Arizona, Texas, and Utah lead US states in crypto policy, recognized as trailblazers in blockchain innovation. The report highlights state-level initiatives and federal bills expected during Crypto Week.
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Scammer Drains $10,000,000 From IRS in International Tax Fraud and Identity Theft Scheme: DOJ – The Daily Hodl
A scammer pleaded guilty to defrauding the IRS of $10 million using stolen identities in an international scheme involving Ghana, Nigeria, and Ireland. Xerxes Shevar was sentenced to probation and restitution.
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Trump Pushes Republicans to Vote For GENIUS Act During “Crypto Week” – Brave New Coin
Trump urges Republicans to support the GENIUS Act during Crypto Week, aiming to establish federal stablecoin regulations. Despite bipartisan Senate approval, House Republicans blocked the bill, delaying its progress.
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CLARITY Act isn’t perfect, but it’s the bill US Congress must pass this summer
The CLARITY Act, though imperfect, is a crucial bipartisan bill for regulating digital assets in the US, promoting decentralization and transparency while addressing industry concerns.
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CLARITY Act explained: What it means for Crypto Week and beyond
The CLARITY Act aims to clarify crypto regulation in the U.S., dividing oversight between the SEC and CFTC. It defines digital assets, protects self-custody rights, and requires registration for crypto businesses.
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Chinese Brokerage Giant Warns Tether ‘Will Inevitably Be Eroded’ by Compliant Stablecoins – “The Defiant”
A Chinese financial firm warns Tether’s dominance may decline due to new stablecoin regulations in the U.S. and EU, though it could retain use in unregulated markets and unstable economies.
