World’s Largest Crypto Crime Network Collapses After Telegram Crackdown
Telegram’s crackdown dismantled Haowang Guarantee, a major crypto crime network processing $27B in illicit transactions. Linked to Huione Group, it facilitated money laundering and data trafficking using stablecoins.
Dubai’s VARA Releases Version 2.0 of Virtual Asset Regulation Rulebook – News Bytes Bitcoin News
Dubai’s VARA released Version 2.0 of its Virtual Asset Regulation Rulebook, enhancing oversight for advisory, broker-dealer, custody, and exchange services with stricter margin trading controls.
Genesis Sued DCG: Can Fallen Lender Recover $3.1B? – Coinspeaker
Genesis Global Capital sues parent company DCG and CEO Barry Silbert to recover over $3 billion, alleging fraud, self-dealing, and misleading investors about financial conditions.
Are Corporate Bitcoin Treasuries at Risk? Michael Saylor’s Strategy Hit With Class-Action Lawsuit
MicroStrategy faces a class-action lawsuit over alleged misleading statements about its Bitcoin strategy risks, despite continuing BTC purchases and $19.2B unrealized gains.
Senate Advances GENIUS Act Stablecoin Bill
The US Senate advanced the GENIUS Act stablecoin bill with a 62-32 vote, gaining support from previously opposing Democrats. The bill mandates AML/KYC protocols, 1:1 USD reserves, and federal oversight for large issuers.
Genesis files dual lawsuits to claw back $3.3B from DCG, Barry Silbert
Genesis files lawsuits against DCG and Barry Silbert, alleging fraud and mismanagement, seeking to recover $3.3B in concealed transfers and self-serving loans.
Chainalysis Says Haowang Shutdown Fails to Dismantle Crypto Scam Networks
Chainalysis reports that shutting down Haowang, a major crypto scam marketplace, hasn’t dismantled criminal networks. Scammers quickly adapt, moving to new platforms. Crypto crime remains resilient, with illicit transactions exceeding $40B in 2024.
Stablecoin bill clears U.S. Senate vote: Will crypto regulation follow soon?
The GENIUS Act, a stablecoin bill, cleared a key U.S. Senate vote with bipartisan support. It now moves to floor debate and amendments before final voting. The House must also pass it before presidential action.
Key US stablecoin bill overcomes senate hurdle, paving way for final vote
A key US stablecoin bill overcame a Senate procedural hurdle, advancing toward a final vote after revisions addressed earlier concerns about consumer protection and national security.
Trump signs bill criminalizing nonsensenual AI deepfake porn
President Trump signed the TAKE IT DOWN Act, criminalizing nonconsensual AI deepfake porn and requiring websites to remove such content within 48 hours, with penalties including fines and prison.
