Tornado Cash Developer Challenges U.S. Sanctions in Landmark Legal Battle – Brave New Coin
Tornado Cash developer Roman Storm alleges U.S. prosecutors withheld key evidence in his case. Defense claims FinCEN communications show crypto mixers aren’t money transmitters, potentially undermining charges.
Coinbase hacker trolls ZachXBT onchain after $42.5M THORChain swap
The Coinbase hacker mocked investigator ZachXBT with an onchain message after swapping $42.5M via THORChain. The attacker moved stolen funds to DAI as lawsuits mount against Coinbase over the data breach.
Crypto.com Secures MiFID License to Expand Services Across Europe – Crypto News Bitcoin News
Crypto.com obtained a MiFID license through acquiring Allnew Investments Ltd., enabling expanded financial services like securities and derivatives trading in Europe.
Microsoft takes legal action against infostealer Lumma
Microsoft has taken legal action against Lumma Stealer malware, seizing domains and disrupting its infrastructure. The malware steals sensitive data including crypto wallet info, affecting over 394,000 devices.
Pakistan creates Digital Asset Authority to regulate crypto
Pakistan establishes the Pakistan Digital Assets Authority (PDAA) to regulate crypto, oversee exchanges, and promote blockchain innovation, aiming to position the country as a leader in digital finance.
Feds charge Amalgam founder with stealing $1M via ‘sham’ blockchain
Amalgam Capital Ventures founder Jeremy Jordan-Jones was charged with defrauding investors of $1M using a fake blockchain, facing wire fraud, securities fraud, and identity theft charges.
A Crypto Bull Market Ahead? Bitwise CIO Says This Stablecoin Bill Changes Everything
The US Senate advanced the GENIUS Act, a stablecoin regulation bill, with bipartisan support. Bitwise CIO Matt Hougan believes this could spark a crypto bull market by enabling institutional adoption and broader blockchain use.
Hong Kong Passes Law to Regulate Fiat-Pegged Stablecoins – Decrypt
Hong Kong passed a law requiring licenses for fiat-pegged stablecoin issuers, mandating compliance with reserve, redemption, and AML standards. The move aims to balance innovation with investor protection as the U.S. advances its own stablecoin framework.
Michigan Lawmakers Propose Four New Crypto-Related Bills – Decrypt
Michigan lawmakers proposed four crypto bills: HB 4510 allows retirement funds to invest in Bitcoin ETFs, HB 4511 opposes CBDCs, and HB 4512-4513 incentivize Bitcoin mining at abandoned oil wells with tax breaks.
DOJ Charges Purported Amalgam Blockchain Founder Over Wire, Securities Fraud
US prosecutors charged Jeremy Jordan-Jones, founder of Amalgam blockchain, for wire and securities fraud, alleging he defrauded investors of $1 million with false partnerships and crypto token claims.
