Law and Order

The City of London Police has opened a civil asset recovery program in partnership with legal firm Gowling WLG, following a successful pilot in which assets were recovered on behalf of an elderly victim of a £2 million cryptocurrency fraud. The partnership will be focused on coordinating retrieval efforts between police and other stakeholders, including […]

With all the talk about how stablecoin legislation in the United States may or may not negatively impact foreign issuers, you might expect the biggest (and most controversial) issuer on the planet to be feeling the heat. But that’s far from the case, according to Tether CEO Paolo Ardoino. In fact, Tether has no real

Illinois will put a pin in its lawsuit against Coinbase over the exchange’s staking services, a spokesperson for Secretary of State, Alexi Giannoulias, said Thursday. “The office intends to drop the Coinbase lawsuit,” Giannoulias’ spokesperson told crypto media outlet CoinDesk. No timeline for the dismissal was provided. The decision makes Illinois the fourth state to

A Republican-led effort to prevent the creation of a U.S. central bank digital currency (CBDC) moved forward on Wednesday, as the CBDC Anti-Surveillance State Act passed out of the US House Financial Services Committee with a 27-22 vote. Sponsored by Rep. Tom Emmer (R-MN), the bill seeks to prevent the Federal Reserve from issuing a

Unicoin co-founder Alex Konanykhin wants to get off the SEC’s enforcement list as the regulator retreats from an aggressive crypto stance under the previous Biden administration. “We would like to be next,” Konanykhin wrote in a Miami Herald op-ed on Thursday, pointing to the dozen other crypto companies already freed from SEC investigations and lawsuits.

One of the largest pedophile platforms in the world has been shut down after an international investigation, with crypto widely used as a payment method for images of child sexual abuse. “Kidflix” resembled a streaming service—and according to Europol, 1.8 million users worldwide had logged on to the site between April 2022 and March of

A $400 million crypto payday tied to the Trump family is now the focus of an escalating political firestorm, one that lawmakers say could compromise the integrity of U.S. financial regulation. On April 2, Sen. Elizabeth Warren (D-MA) and Rep. Maxine Waters (D-CA) sent a joint letter to SEC Acting Chair Mark Uyeda demanding “all

The House Financial Services Committee voted to advance stablecoin legislation Wednesday, approving the STABLE Act with 32 members in favor and 17 opposed. The bill, formally named the Stablecoin Transparency and Accountability for a Better Ledger Economy Act, would create a framework for dollar-denominated stablecoins, including reserve requirements and anti-money laundering standards. During the markup

The Securities and Exchange Commission and Gemini Trust jointly filed a motion Tuesday requesting a 60-day pause in their high-profile legal battle over the exchange’s crypto lending program. Filed in Manhattan federal court, the motion asks to suspend all deadlines in the SEC’s January 2023 lawsuit. The lawsuit had alleged that the Winklevoss twins’ exchange