Law and Order

Alabama’s Securities Commission this week dropped its enforcement action against crypto exchange Coinbase for its staking program—an apparent sign that regulators are letting up on digital assets companies as the federal government continues its pro-crypto pivot under President Trump.  But Commissioner Amanda Senn told Decrypt the regulator is still as committed as ever to promoting […]

In brief Roger Ver paid Republican political operative Roger Stone $600,000 to lobby against the U.S. “exit tax” tied to his federal tax evasion charges. The DOJ alleged last year that Ver concealed crypto assets and failed to report $240 million in Bitcoin gains after renouncing U.S. citizenship. Ver’s case joins a growing list of

The Federal Reserve said Thursday evening it will no longer obligate member banks to provide advanced notice of crypto and stablecoin-related ventures, and will instead monitor engagement with digital assets like it would any other banking activities.  The announcement comes weeks after parallel moves by the FDIC and Office of the Comptroller of the Currency,

Long Island resident Eugene William Austin Jr. has been sentenced to 18 years in prison for his role in a $12 million crypto fraud scheme. Austin, who also went by the name “Hugh Austin,” was found guilty of conspiracy to commit wire fraud, conspiracy to commit money laundering, and conspiracy to commit interstate transportation of

In brief The session is the second in a four-part SEC roundtable series designed to address key regulatory issues in the crypto industry. Senior SEC officials, legal scholars, and executives from top crypto firms will participate in discussions on custody compliance. Industry participants have voiced concerns that existing SEC rules do not adequately reflect the

In brief Crypto ATM fraud complaints jumped 99% in a year, with seniors losing over $107 million. The average loss for victims over 60 reached $83K, four times the overall average. Investment scams remain a primary threat, accounting for $1.6B in losses among seniors. The FBI’s Internet Crime Complaint Center (IC3) has revealed a troubling

The Kuwait Ministry of Interior has issued a warning against cryptocurrency mining, after electricity usage data indicated that over 1,000 locations in the Gulf nation may be running mining rigs. Crypto mining has been illegal in Kuwait since July 2023, when the Capital and Markets Authority issued a circular banning all cryptocurrency activity, including transfers

In brief SEC accuses PGI Global CEO of running a $198M crypto Ponzi scheme. Investors were sold unregistered securities disguised as AI trading packages. Case marks SEC’s first crypto action under new Chair Paul Atkins. On Tuesday, the U.S. Securities and Exchange Commission formally charged PGI Global CEO Ramil Palafox for allegedly running a $198

In brief Former SEC Chair Jay Clayton has assumed the role of U.S. Attorney for the Southern District of New York, a key post with jurisdiction over Wall Street. At the SEC, Clayton led 57 crypto-related enforcement actions, including the Ripple case, and later advised crypto firms after stepping down. His appointment comes as the

In brief Yuga Labs seeks turnover of nearly $400K in Bitcoin, Ethereum, and PEPE from crypto influencer Jeremy Cahen. The court previously ruled that Cahen and artist Ryder Ripps infringed on Yuga Labs’ Bored Ape Yacht Club trademark. Yuga Labs accused Cahen of making a “mockery” of the court’s judgment. Yuga Labs has filed a