A group of nearly 1,700 investors in the United Kingdom has filed a lawsuit against cryptocurrency exchange Binance and its founder, Changpeng Zhao, in London's High Court. The claimants allege that Binance sold crypto derivatives products to UK retail customers without holding the required authorization from financial
President Donald Trump's 2025 annual financial disclosure, filed with the Office of Government Ethics on June 29 and certified the following day, has intensified scrutiny of his personal crypto interests as lawmakers weigh the CLARITY Act. The bill, which seeks to establish a regulatory framework for digital asset
Prosecutors say the defendant lured victims with false promises of returns from cryptocurrency liquidity pools, then diverted their money to fund a lavish lifestyle. According to authorities, the proceeds financed million-dollar homes, luxury handbags and Lamborghinis rather than legitimate investments. The Florida man has now pleaded guilty to fraud
President Trump's latest financial disclosures detail substantial earnings tied to digital assets, highlighting his deepening involvement in the cryptocurrency sector. According to the filings, Trump reported over $65 million from equity sales and roughly $236 million in proceeds from World Liberty Financial tokens, a project linked to his
A group of British investors has filed a lawsuit in the United Kingdom seeking nearly $200 million from crypto exchange Binance and its founder, Changpeng Zhao, according to a Reuters report. The legal action targets both the company and its high-profile leader, who stepped down as CEO in 2023
The Securities and Exchange Commission has opened a public comment period as it reconsiders its regulatory approach to novel exchange-traded funds, a category that includes crypto-focused products. The move signals potential changes for ETF managers operating in the United States, who could face revised standards for how such
A consortium of more than 140 companies, including Visa, Mastercard, Stripe, and Coinbase, has introduced Open USD (OUSD), a stablecoin designed around a yield-sharing model. Unlike incumbent issuers that retain reserve income, OUSD aims to redistribute yield among participants, directly targeting the economics that have made Circle's
Corporate political spending tied to the 2026 U.S. midterms has reached $517 million, with cryptocurrency companies emerging as the single largest source of those funds. According to the report, crypto firms have contributed roughly $189 million so far, positioning the industry ahead of other corporate sectors in this election
The CLARITY Act would split federal oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission, a framework JPMorgan suggests Congress is advancing too hastily. The bank argues that moving quickly to draft new rules could leave gaps in financial oversight, potentially creating loopholes
A Michigan court has issued a 14-day temporary restraining order against Kalshi, blocking the platform from offering sports prediction markets in the state. The move reflects an escalating jurisdictional battle over who regulates prediction market platforms, with multiple state regulators asserting authority that conflicts with oversight by the federal
The U.S. Securities and Exchange Commission has obtained a $5.5 million default judgment against the operators of NanoBit, a platform regulators allege functioned as a fraudulent crypto investment scheme. According to the SEC, the group cultivated trust with victims through WhatsApp messaging before steering their money into Hong
A federal court has handed down a 30-year prison sentence to self-exiled Chinese billionaire Guo, following his 2023 arrest for orchestrating a fraud conspiracy that exceeded $1 billion and involved cryptocurrency. The scheme defrauded numerous victims who invested in various ventures connected to Guo, including crypto-related offerings.