Category: Law of the Chain
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Just In: OpenAI Says No Deal with Robinhood on Tokenized Equities News ETHNews
OpenAI denies involvement in Robinhood’s tokenized equity offering, clarifying that ‘OpenAI tokens’ are unauthorized and do not represent actual shares, raising legal concerns.
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US probes negotiator suspected of taking crypto ransomware money
US investigates ex-DigitalMint employee for allegedly taking cuts from crypto ransomware payments. The firm confirmed terminating the negotiator amid an ongoing DOJ probe.
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Major XRP Announcement: Ripple Seeks US Banking License to Boost RLUSD Trust
Ripple Labs is applying for a US national banking license to enhance trust in its RLUSD stablecoin, seeking dual regulatory oversight and a Federal Reserve Master Account for added security.
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US Crypto Exchanges a ‘Blind Spot’ in North Korea Laundering Scheme – Security Bitcoin News
North Korean developers posing as freelancers have earned $16.5 million by infiltrating crypto and tech firms, with US exchanges allegedly used to launder funds, per investigator ZachXBT.
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Linqto Bankruptcy: XRP Lawyer Says Customers May Get Full Recovery
XRP lawyer John Deaton suggests Linqto customers may recover investments fully in bankruptcy, prioritizing them over shareholders amid allegations of securities law violations by former CEO.
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Scammer Posed as Trump-Vance Official to Steal $250K in Crypto, DOJ Says – Decrypt
A Nigerian scammer impersonated a Trump-Vance official via a deceptive email, stealing $250K in USDT. The FBI recovered part of the funds, highlighting rising crypto scams exploiting politics and AI.
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IMF Rejects Pakistan’s Energy Plan for Bitcoin Mining
The IMF rejected Pakistan’s plan to offer subsidized electricity for Bitcoin mining, citing concerns over power grid strain, legal issues, and market distortions. Pakistan seeks to refine the proposal.
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Grayscale ETF Conversion Frozen by SEC After Brief Approval
The SEC froze Grayscale’s ETF conversion approval shortly after granting it, adding uncertainty to the crypto ETF market. The fund holds mainly Bitcoin and Ethereum with some altcoins.
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Tron Wallet Tied to Darknet and Ransomware Gets Hit With US Sanctions
The US sanctioned a Tron wallet linked to Russian firm Aeza Group for facilitating ransomware attacks and darknet drug markets. The wallet processed $350K+ in crypto, highlighting blockchain’s role in cybercrime.
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US and EU Talks Signal Acceleration Toward Global Crypto Policy Alignment – Regulation Bitcoin News
US and EU regulators are intensifying cooperation to align crypto regulations, focusing on stablecoins and digital currencies, with significant global market implications.
