A Reuters investigation reveals that crypto ventures tied to the Trump family generated approximately $2.3 billion in pretax income between November 2024 and April 2026, while retail investors in those same projects suffered an estimated $2.25 billion in losses over the same period. The findings suggest a near-
Hedge fund manager Dan Loeb has disclosed that the U.S. Department of Justice warned President Trump it would take legal action against him personally if he commuted Ross Ulbricht's sentence during the final hours of his first term in office. According to Loeb, the threat was credible
Backpack US has appointed Michael S. Piwowar, a former SEC Acting Chairman, to its board as the crypto exchange accelerates efforts to offer perpetual futures contracts in the United States. Piwowar, who was nominated by President Barack Obama and served as an SEC commissioner from 2013 to 2018, brings significant
Crypto market maker GSR has received approval from FINRA, the US financial industry regulator, to complete its acquisition of Equilibrium Capital Services, a Portland-based, SEC-registered broker-dealer. GSR first announced the deal in October 2025, marking a significant step in its push to expand into regulated US financial
A co-conspirator in a violent Florida bitcoin-related kidnapping and carjacking has pleaded guilty and now faces up to 20 years in federal prison, the Department of Justice announced. The case centers on a gang of six men who targeted Sushil and Radhika Chetal, stealing their Lamborghini Urus, physically
A New York judge has stayed a lawsuit attempting to claim ownership of nearly 40,000 bitcoin wallets, scheduling a July hearing to consider a proposed amicus brief. The brief, submitted by attorney Ian R. Cohen, challenges the legal basis of the case by arguing that New York's
A Basel-derived capital rule requiring banks to hold $1.25 in reserves for every $1 of crypto exposure — effectively a 1,250% risk weighting — could prevent US banks from meaningfully participating in Bitcoin markets, a group of Republican senators warned in a May 27 letter. Addressed to Federal Reserve
Securitize has received SEC clearance on its registration statement, moving the tokenization firm closer to a public listing on the New York Stock Exchange under the ticker SECZ. The milestone comes as part of a SPAC merger process, with the deal expected to close shortly after a shareholder vote from
CME Group CEO Terry Duffy has cautioned that regulatory approval of perpetual futures contracts in the United States could expose retail investors to dangerous levels of leverage and significant financial losses. Perpetual futures, which have no expiry date and are widely used in crypto markets, have long been restricted in
South Korean authorities are investigating local users of Polymarket, the decentralized prediction market platform, on charges of illegal gambling under the country's strict gaming laws. Those found in violation could face fines of up to 10 million Korean won, equivalent to approximately $6,495. The investigation highlights growing
JPMorgan has warned that the legislative window for passing the Clarity Act — a bill designed to establish a clear regulatory framework for crypto markets — is narrowing. The bank highlighted several remaining hurdles that could prevent the bill from advancing, with disputes over whether stablecoins should be permitted to offer yield
A coordinated effort between the US Department of Justice and major private-sector companies — including Coinbase, SpaceX, and Meta — resulted in the freezing of $3.8 million in cryptocurrency and the disruption of 1.4 million scam-linked accounts. The initiative, dubbed 'Disruption Week,' marks a notable expansion