Category: Law of the Chain
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Sweden’s justice minister says to ‘turn up the pressure’ on crypto seizures
Sweden’s justice minister urges authorities to intensify crypto seizures under a 2024 law allowing confiscation of assets without formal charges, aiming to curb crime through asset forfeiture.
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Ripple Applies for US Banking License, Heating Up Domestic Stablecoin Race – “The Defiant”
Ripple Labs applies for a US banking license and Federal Reserve Master Account to strengthen its stablecoin RLUSD, joining Circle and others in blending crypto with traditional finance.
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Russian Arms Maker Wants Its Own Stablecoin Too—On Tron – Decrypt
Russian arms manufacturer Rostec plans to launch a ruble-backed stablecoin, RUBx, on the Tron network to facilitate transactions amid international sanctions.
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FTX Wants to Block Claims from 49 Countries, Including China: Users Rage
FTX seeks court approval to deny creditor repayments in 49 countries with crypto restrictions, sparking outrage among users, especially in China where 82% of affected claims originate.
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US Could Mine Bitcoin Through Public-Private Deal: White House Exec
White House executive Bo Hines discusses a potential public-private partnership with Bitcoin miners to expand the Strategic Bitcoin Reserve without federal spending, exploring block rewards and power contracts.
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Can the US Nationalize Strategy For Strategic Bitcoin Reserve? Experts Weigh In
Experts debate whether the US should nationalize companies to build a strategic Bitcoin reserve, with conflicting views on economic impact and feasibility.
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Rostec’s Tron RUBx Stablecoin Bypasses Banks Amid Sanctions
Rostec, a Russian state-owned defense firm, plans to launch RUBx, a ruble-pegged stablecoin on the TRON blockchain, alongside RT-Pay for crypto transactions, bypassing traditional banking amid sanctions.
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House Committee on Financial Services Declares Week of July 14th As ‘Crypto Week’ – The Daily Hodl
The U.S. House declares July 14th week as ‘Crypto Week’ to consider three major crypto-related acts: CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act.
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How a Hacker Spent Only $2.7K to Steal $140 Million From Brazilian Banks – Decrypt
Hackers stole $140M from Brazilian banks by paying $2.7K for an employee’s credentials, laundering funds via Bitcoin, Ethereum, and Tether in the country’s largest digital heist.
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Turkish authorities block PancakeSwap in crackdown on crypto websites
Turkish authorities blocked PancakeSwap and other crypto websites for unauthorized services, citing Capital Markets Law. The crackdown is part of Turkey’s stricter crypto regulations.
