Crypto regulation in the United States is divided primarily between two federal agencies, each with distinct areas of authority. The Securities and Exchange Commission oversees crypto assets that function like investments in a company, applying securities law to tokens deemed to fit that definition. The Commodity Futures Trading Commission, by
A widely circulated claim that an adviser held $71 million in an XRP ETF stemmed from a misreading of SEC filing conventions. According to the filing, the adviser actually reported 12,380 XRPI shares valued at $71,059, not $71 million. The discrepancy arose from the SEC's current
In a rare show of bipartisan agreement, the U.S. Senate passed a nonbinding resolution stating that former FTX CEO Sam Bankman-Fried should "under no circumstances" receive a presidential pardon or commutation. Bankman-Fried was convicted of fraud following the 2022 collapse of the FTX crypto exchange,
The U.S. Treasury has added four cryptocurrency wallets linked to Iran's central bank to its sanctions list, prompting stablecoin issuer Tether to freeze $131 million held in those addresses. The targeted TRON-based wallets collectively held more than $165 million, and the freeze prevents the affected funds
A resolution led by Senators Cynthia Lummis and Ruben Gallego passed the U.S. Senate by unanimous consent, signaling bipartisan resistance to any executive clemency for former FTX chief Sam Bankman-Fried. Bankman-Fried was convicted on multiple fraud and conspiracy charges tied to the collapse of the FTX cryptocurrency
Federal prosecutors have accused two California residents of running a darknet operation that distributed fentanyl and laundered the proceeds using cryptocurrency. According to authorities, the pair shipped more than 500 drug parcels over a seven-month period, generating hundreds of thousands of dollars that were then moved through crypto to
A recently observed transfer of $288 million in Bitcoin from a US government-associated wallet to Coinbase has drawn scrutiny over how federal digital asset holdings are managed. On-chain evidence points to a deposit rather than a confirmed sale, leaving the purpose of the move uncertain. The transaction raises
A preliminary approval from the Office of the Comptroller of the Currency (OCC) has opened the door for Morgan Stanley to establish a trust bank capable of handling key crypto functions internally. The framework outlines a structure where the firm could consolidate custody, staking, and lending services, reducing reliance on
The US Office of the Comptroller of the Currency has granted conditional approval for a proposed Sony Bank trust, a regulatory step tied to the company's stablecoin ambitions. The development has fueled speculation that cryptocurrency payments could arrive on gaming platforms such as the PlayStation Store, but Sony
Japan's parliament has passed legislation placing bitcoin and other cryptocurrencies under the same regulatory framework as traditional financial instruments, aligning digital assets more closely with conventional markets. The move represents a significant shift in how the country oversees crypto, potentially affecting taxation, investor protections, and the rules governing
The freezing of Iran-linked funds demonstrates how centralized stablecoin issuers can enforce US sanctions directly on blockchain networks, bypassing traditional banking channels. Over a period of less than three months, US authorities leveraged Tether's ability to control its dollar-pegged USDT token to block roughly $475 million
The Office of Foreign Assets Control (OFAC), the sanctions arm of the US Treasury, targeted multiple cryptocurrency wallets it says are connected to Iran, freezing more than $130 million in digital assets. Treasury Secretary Scott Bessent announced the action, which forms part of Washington's broader campaign to disrupt