Following regulatory clearance in Japan, Ripple has rolled out its RLUSD stablecoin to one of Asia's most tightly regulated crypto markets. The dollar-pegged token is now available through SBI VC Trade, a digital asset exchange operated by financial group SBI, serving both institutional and retail users across
A Manhattan federal judge has denied a motion to dismiss the campaign finance indictment against Michelle Bond, clearing the way for her criminal trial to begin in November. Bond, the wife of a former FTX executive, had sought dismissal by arguing that prosecutors misled her husband regarding the charges she
Binance has formally withdrawn its application for a Markets in Crypto-Assets (MiCA) license in Greece, a move that comes one week after reports suggested the application was set to be denied. MiCA is the European Union's comprehensive regulatory framework for crypto assets, and securing a license under
A planned signing of the 21st Century ROAD to Housing Act has been canceled, delaying a measure that would have shaped US digital currency policy. The legislation contained a provision prohibiting the Federal Reserve from issuing or creating a central bank digital currency until 2030, reflecting ongoing political opposition to
The U.S. Department of Justice has seized a cloud account that operated Huione Guarantee, a Telegram-based marketplace linked to billions of dollars in crypto laundering tied to Southeast Asian scam operations. The infrastructure reportedly served as a backbone for facilitating illicit transactions and connecting buyers and sellers involved
Southeast Asian scam operations defrauded Americans of at least $10 billion in 2024, prompting coordinated US Treasury action against the networks moving illicit funds. On June 23, the Treasury sanctioned nine individuals and 26 entities linked to the Prince Group, a transnational criminal organization tied to these scams. It also
Japan's financial giant SBI Group has introduced JPYSC, billed as the country's first stablecoin backed by a trust bank, marking a notable step in the nation's evolving digital asset framework. Access to the token will initially be confined to SBI VC Trade accounts, reflecting
Senate Democrats are pressing for formal hearings to examine a $500 million investment by UAE officials in World Liberty Financial, the crypto venture linked to President Trump. The lawmakers want to determine whether the foreign capital influenced Trump's policy decisions, raising concerns about potential conflicts of interest involving
The dispute centers on whether states or federal regulators have authority over prediction markets, contracts that let users bet on future events. The Commodity Futures Trading Commission has filed suit against Kentucky, marking the ninth state the regulator is now confronting in its broader legal fight over jurisdiction. The action
The Commodity Futures Trading Commission has filed suit against Kentucky, expanding an ongoing legal battle over who holds authority to regulate prediction markets. The federal agency contends that prediction markets fall under its jurisdiction, setting up a clash with state-level regulators seeking to enforce their own rules. Kentucky joins
BitGo has launched a MiCA-compliant crypto infrastructure platform in Europe, positioning itself to serve exchanges and crypto firms struggling to secure licensing ahead of the EU's July 1 deadline. The Markets in Crypto-Assets regulation requires virtual asset service providers operating across EU member states to obtain
World Liberty Financial, the crypto venture backed by Donald Trump, is reportedly close to receiving a federal trust bank charter from the Office of the Comptroller of the Currency (OCC). The approval would place the firm under a single federal regulator, streamlining oversight of its USD1 stablecoin issuance and redemption