Historic Stablecoin Bill Advances in Senate, Setting Stage for America’s Crypto Framework – Brave New Coin
The US Senate advanced the GENIUS Act, a landmark stablecoin bill, despite opposition from Senator Elizabeth Warren. The legislation aims to establish a crypto framework, with bipartisan support overcoming political tensions.
Disney, Universal sue Midjourney — ‘bottomless pit of plagiarism’
Disney and Universal sue Midjourney for copyright infringement, alleging its AI image generator copies characters like Star Wars and Shrek without permission, calling it a ‘bottomless pit of plagiarism.’
Singapore License Threat Prompts Bitget, Bybit to Plan Exit
Bitget and Bybit plan to exit Singapore after MAS warned unlicensed crypto firms to cease overseas operations by June 30, relocating staff to Dubai and Hong Kong.
SEC Commissioner Rejects DeFi Overreach, Defends Core US Principles – Regulation Bitcoin News
SEC Commissioner Hester Peirce defends DeFi, arguing it aligns with US values of innovation and individual freedom amid ongoing regulatory debates about decentralized finance.
Russia moves to seize crypto, slap fines on illegal miners under new law
Russia proposes fines and crypto confiscation for illegal mining operations, targeting individuals and corporations. New rules require reporting to Rosfinmonitoring and penalize unauthorized transactions.
Goldman Sachs Taking Action Against Unaffiliated Bankruptcy Specialist Who Opened Separate Company in Bank’s Name: Report – The Daily Hodl
Goldman Sachs is pursuing legal action against a bankruptcy specialist who registered a company under its name without authorization, as reported by The Wall Street Journal.
South Korean Police Officer Charged in $509k Crypto Fraud Probe
A South Korean police officer faces fraud charges for allegedly scamming $509k from victims by promising guaranteed crypto profits. The case has been forwarded to prosecutors after multiple complaints.
Connecticut Bans State and Local Governments From Investing in Crypto Assets – The Daily Hodl
Connecticut has passed House Bill 7082, banning state and local governments from investing in or accepting crypto assets, effective October 2025, with bipartisan support.
Bank of America CEO: Delay on Stablecoins Could Let Tech Rivals Eat Banking’s Lunch – Crypto News Bitcoin News
Bank of America CEO Brian Moynihan warns that delays in stablecoin adoption could let tech rivals dominate, as the bank collaborates on stablecoin development.
GENIUS Act Final Senate Vote Monday on Stablecoin Rules
The U.S. Senate advanced the GENIUS Act, setting up a final vote on stablecoin regulations. The bill mandates full backing for stablecoins and audits for large issuers, with bipartisan support.
