Law and Order

In brief O’Neal will pay $1.8 million to settle a lawsuit tied to promoting FTX. Plaintiffs alleged he helped market unregistered securities. The deal includes broad legal immunity and covers legal costs. Shaquille O’Neal has agreed to pay out $1.8 million in a class action lawsuit alleging he helped promote the collapsed crypto exchange FTX. […]

In brief Zora filed a lawsuit and restraining order seeking to stop Deloitte from using “Zora,” “Zora AI,” or the Zora.ai domain, demanding damages and domain transfer. Deloitte launched its Zora AI productivity platform in March 2024 after dismissing Zora’s February cease-and-desist letter, arguing their services target different audiences with no consumer confusion risk. The

In brief Global police organization Interpol has led a crackdown on infostealers codenamed Operation Secure. Police forces around the world arrested 32 as part of the operation, which took down over suspicious 20,000 IPs and domains. Infostealer malware is used to steal data such as browser credentials, passwords and cryptocurrency wallet contents. Police forces around

In brief CASPs must register as local entities with a minimum ₱100M ($1.8M) paid-up capital and maintain physical offices. New rules require asset disclosures, segregated funds, local data storage, and ongoing reporting to the SEC and AML Council. Experts warn of short-term compliance hurdles but say the framework lays groundwork for broader crypto adoption. Crypto-asset

In brief Warren and Blumenthal have sent a letter to Mark Zuckerberg demanding details on Meta’s stablecoin efforts. The senators warn Meta could misuse financial data and consolidate economic power. The inquiry follows reports Meta is in talks with crypto firms to integrate stablecoin payments across its platforms. Senators Elizabeth Warren (D-Mass.) and Richard Blumenthal

In brief ASIC has banned Glenda Rogan for ten years after she allegedly transferred $9.6 million from clients to a crypto investment scam. Funds were sent to “Financial Centre,” a UK platform already on ASIC’s blacklist of untrusted entities. Rogan told clients the money was going into safe fixed-interest accounts, not risky crypto investments. An

In brief Two men alleged to have kidnapped and tortured a man for his crypto pleaded not guilty in NYC on Wednesday. The pair’s lawyers allege the accuser was free to move about on days he was allegedly captured. The case is the latest in a string of high-profile crypto “wrench attacks” this year. Two

In brief Crypto policy leaders have become convinced this week that market structure bills are highly unlikely to pass Congress this year. The crypto industry has been pushing for months to get both stablecoin and market structure bills passed in 2025. Now, policy leaders are beginning to wrap their heads around moving forward without market

In brief The House Financial Services Committee has advanced the CLARITY Act in a 32-19 vote. The House Agriculture Committee also passed the bill 47-6 on Tuesday. If passed in Congress, the Act would establish new crypto oversight framework, favoring the CFTC. The Digital Asset Market Clarity Act, a bill aiming to reshape crypto regulation