Law and Order

The U.S. Senate Banking Committee voted in favor of advancing the stablecoin-focused GENIUS Act to a full Senate vote Thursday, with the legislation receiving bipartisan support.  The bill passed through committee by a vote of 18-6, with five Senate Democrats joining Republicans to push the bill over the finish line with considerable breathing room.  Democrats […]

Token Metrics CEO Ian Balina said Wednesday the SEC is expected to drop its case against him, ending a three-year legal battle over allegations he violated U.S. securities laws. “It’s official: The SEC is dropping its case against me,” Balina tweeted. “This was never just about me—it’s about fairness in crypto.” Balina’s charges stem from

Crypto exchange Coinbase said Wednesday it is suspending trading of three popular meme coins in New York, following a recent review of its listed assets. The exchange is halting the trading of Floki (FLOKI), Turbo (TURBO), and Gigachad (GIGA) in New York starting April 14, 2025, at 2 PM ET, per an announcement on X.

New evidence has emerged revealing the full extent of a South Korean civil servant’s scheme to embezzle $342,000 (497.16 million Korean won) in public funds for personal crypto investments, including vital flood recovery donations.  Last December, the unnamed civil servant—dubbed Person A—was sentenced to five years in prison for embezzling city budget and public organization

The U.S. House of Representatives voted 292-132 Tuesday to rescind an IRS rule that would have required decentralized finance platforms to collect and report taxpayer information, a crucial bipartisan rebuke of crypto regulations finalized in the waning days of the Biden administration. Votes came in with 76 Congressional Democrats crossing the floor, backing critics who

The U.S. Securities and Exchange Commission delayed its decision on Grayscale’s application for an XRP exchange-traded fund, according to a notice filed on Tuesday. The Commission said “a longer period” of time is needed to determine whether the application aiming to establish a spot XRP ETF in the U.S. will be approved or denied. When

Was last week’s landmark White House crypto summit a one-time event, or will the Trump administration continue to formally dialogue with industry leaders? Bo Hines, executive director of the Presidential Working Group on Digital Assets, told Decrypt that while he and his colleagues are still mulling that question, Friday’s large-scale gathering of dozens of top

This week, the U.S. Senate Banking Committee plans to vote on a bipartisan bill aimed at regulating stablecoins and enhancing consumer protection.  Introduced by Senators Bill Hagerty (R-TN) and Tim Scott (R-SC), the GENIUS Act seeks to clarify the regulatory framework for stablecoins in the U.S., with provisions addressing reserve requirements, audits, transparency, and licensing

Fund issuers Rex Shares and Osprey Funds have submitted an application for an exchange-traded fund tracking the price of MOVE, according to a filing Monday with the Securities and Exchange Commission. The Rex-Osprey MOVE ETF would be the first focused on the native token of the Movement Network, an Ethereum layer-2 scaling network. “Breaking the

President Donald Trump plans to sign another cryptocurrency-related executive order, possibly as soon as this week, that takes aim at anti-crypto policies of the Joe Biden administration that made it difficult for company companies to obtain banking services, sources familiar with the matter told Decrypt.  The order will likely seek to explicitly roll back the