A federal appeals court panel has upheld Sam Bankman-Fried's criminal conviction on fraud and conspiracy charges, rejecting his argument that his original trial was conducted unfairly. The former FTX CEO, who was sentenced to 25 years in prison following his 2023 conviction, had sought to overturn the
The SEC's proposal to eliminate key National Market System rules could significantly lower barriers to trading tokenized US equities on decentralized platforms, according to analysts. Galaxy's Thorn highlighted that current NMS regulations have prevented DeFi automated market makers from operating with tokenized US stocks at scale.
Ripple CEO Brad Garlinghouse has publicly challenged JPMorgan CEO Jamie Dimon following Dimon's criticism of the Digital Asset Market Clarity Act, a landmark US bill that would establish a regulatory framework for crypto markets. Garlinghouse, a vocal advocate for clearer crypto legislation, pushed back on Dimon's
Federal prosecutors have charged two Eastern European nationals with running AudiA6, an illicit cryptocurrency mixing service allegedly used to launder nearly $400 million in Bitcoin and other digital assets linked to dark web criminal activity. Mixing services obscure the origins of funds by pooling and redistributing transactions, making them a
US federal prosecutors have charged two individuals for allegedly operating AudiA6, an unlicensed cryptocurrency laundering service that processed more than $389 million in transactions. The Department of Justice alleges the service was used to obscure the origins of illicit funds, facilitating money laundering on a significant scale. The case highlights
Japan's lower house of parliament has advanced legislation that would reclassify cryptocurrencies as financial instruments, bringing them under the same regulatory framework as traditional securities. The bill now moves to the upper house, the House of Councillors, for final approval. If passed, the law is expected to come
The US Commodity Futures Trading Commission has proposed new rules that would prohibit prediction markets where outcomes could be influenced by war, assassination, or the removal of foreign adversaries — even in cases where armed conflict is not explicitly referenced in the contract. The rules would effectively block wagers on events
The Commodity Futures Trading Commission has opened a proposed rulemaking for public comment that would establish a formal framework for evaluating whether prediction market contracts meet a 'public interest' standard. The move marks the first time a U.S. regulator has put forward concrete guidelines specifically targeting prediction
Three of Japan's largest financial institutions — MUFG Bank, Mizuho Bank, and SMBC — have established a formal council to coordinate the joint issuance of a stablecoin, targeting a launch within fiscal year 2026, which runs through March 2027. The initiative marks a significant step toward institutional digital currency adoption
Bipartisan negotiations over the CLARITY Act have stalled after Democrats accused Republican lawmakers and the White House of reversing a previously agreed enforcement provision. The disputed clause would have empowered state attorneys general to sue the Justice Department if it failed to enforce specific crypto ethics requirements. A Democratic source
Geoffrey K. Auyeung has been sentenced to five years in prison after the US Department of Justice found he helped overseas fraudsters move approximately $100 million in scam proceeds through a network of cryptocurrency accounts and traditional bank accounts. Auyeung acted as a key facilitator, enabling criminal networks to obscure
As Congress moves forward with crypto legislation including the Clarity Act, Senator Elizabeth Warren has raised alarms about the diminished capacity of the Commodity Futures Trading Commission to provide effective oversight. Warren formally requested internal records from the CFTC covering staff departures, supervision of prediction markets, and communications related to