Law and Order

In brief xAI allegedly operates 26 or more gas turbines without required permits or pollution controls. Thermal images show turbines running despite the company claiming they weren’t operational. Groups estimate turbines could emit up to 2,000 tons of nitrogen oxides annually if no controls are placed. In Memphis’s Boxtown neighborhood, where cancer rates soar up […]

In brief Trump has urged the House to pass the GENIUS Act without delay or amendments. The bill would create a framework for issuing and trading stablecoins in the U.S. But critics have raised concerns over White House crypto ties and conflicts of interest. U.S. President Donald Trump is urging lawmakers in the House of

In brief The Ohio House of Representatives voted to move forward with the Blockchain Basics Act, aiming to establish a $200 tax exemption for capital gains from crypto. The law also prohibits state and local governments from restricting the use of digital assets or interfering with the use of self-hosted and hardware wallets. If passed,

In brief U.S. feds have said they’ve filed to seize $225.3 million in USDT, Tether’s dollar-pegged stablecoin. The cryptocurrency in question was linked to Asian “pig butchering” or confidence scams. USDT issuer Tether worked with the U.S. Secret Service to facilitate the seizure. Feds on Wednesday said that they have filed to seize $225.3 million

In brief U.K. Financial Conduct Authority official Jane Moore warned that a “global response” to crypto regulation is essential. Lord Chris Holmes argued that “right-size regulation” benefits innovation and investment, stating that only “grifters and chancers” want a regulatory-free environment. European officials expressed concern about U.S. dollar-based stablecoins potentially dominating retail payments in Europe, highlighting

In brief Spokane, Washington has banned all crypto and virtual currency kiosks following a unanimous council vote. Current operators must remove machines within 60 days or risk civil violations. Washington State reportedly lost $141 million to virtual currency kiosk-aided scams. Spokane City Council in Washington State has voted unanimously in favor of a citywide ban

In brief Thailand will waive capital gains taxes on crypto sales through licensed platforms from 2025 to 2029. The move is part of a broader push to position the country as a global digital asset hub. Experts say Thailand’s crypto holdings could surge, but platform access restrictions may limit foreign participation. Thailand has eliminated capital

In brief Gemini has accused the CFTC of waging a seven-year “lawfare” campaign driven by career ambitions, not consumer protection. The complaint claims CFTC lawyers relied on false whistleblower claims from a former employee later found to have committed fraud. Gemini argues no market harm occurred and criticizes the agency’s continued pursuit despite evidence discrediting

In brief The Senate passed the GENIUS Act, its first major piece of crypto legislation Tuesday. The bill establishes a framework for issuing and trading stablecoins, cryptocurrencies usually pegged to the U.S. dollar. The GENIUS Act still needs to be passed by the House, which may not move immediately to vote on the legislation. After

In brief Gemini and Coinbase are set to receive EU licenses allowing operation across all 27 member states. EU regulators are concerned about smaller countries rapidly approving licenses for major exchanges. Experts warn differing standards could create a “race to the bottom” undermining consumer protection. Two of the world’s largest crypto exchanges, Gemini and Coinbase,