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Understanding the GENIUS Act: US Stablecoins Revolution

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The Guiding and Establishing National Innovation for U.S. Stablecoins Act—better known as the GENIUS Act—was signed into law on July 18, 2025. It marks a watershed moment in U.S. digital asset policy: the first comprehensive federal framework specifically regulating the issuance and operation of payment stablecoins. The following opinion editorial was written by Alex Forehand […]

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Venture investor Dragonfly faces potential charges over Tornado Cash involvement

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Venture capital firm Dragonfly said Friday that the U.S. government is weighing potential charges over its 2020 investment in PepperSec, the developer of Tornado Cash, marking a rare instance where federal prosecutors may target a venture investor for backing a crypto project. In a detailed statement, Dragonfly managing partner Haseeb Qureshi called the prospect of

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Mistrial Motion in Tornado Cash Case Is Unlikely

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Bitcoin Magazine Mistrial Motion in Tornado Cash Case Is Unlikely IRS Special Agent Stephan George’s testimony regarding some of Hanfeng Lin’s stolen funds having been put through Tornado Cash seemed credible enough to inhibit the defense from submitting a motion for a mistrial. On Monday, the defense in the Tornado Cash trial floated the idea

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K-pop Star Park Gyuri of Kara Faces More Crypto Accusations as Ex-Lover’s Trial Continues

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Park Gyuri, a founding member of the K-pop girl group Kara, is facing fresh crypto allegations, days after telling a court she did not participate in her ex-lover’s alleged altcoin fraud operations. The case revolves around a low-cap art-themed altcoin named Pica Coin and its alleged mastermind Song Ja-ho, Park’s ex-boyfriend. At the time of

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Solana Labs, Jito Labs hit with RICO charges in amended Pump Fun fraud lawsuit

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Solana Labs and Jito Labs have been named as co-defendants in a newly amended federal lawsuit that accuses them of playing a central role in an alleged $1.5 billion fraud tied to the Solana-based memecoin launchpad Pump.Fun. The amended lawsuit, filed on July 22 by Burwick Law in the Southern District of New York, expands

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FBI Drops Investigation of Kraken Founder Jesse Powell

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The FBI has officially dropped its investigation into Kraken founder Jesse Powell and returned dozens of seized devices, including laptops and cellphones, according to Fortune. The investigation, which stemmed from a management dispute with a non-profit organization Powell founded, had no connection to his operations at the cryptocurrency exchange. Powell expressed relief over the conclusion

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FBI drops probe into Kraken founder Jesse Powell, returns seized devices

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The US Justice Department has closed its investigation into Kraken’s founder Jesse Powell, and returned dozens of laptops and mobile phones agents seized during an FBI raid two years ago, Fortune reported on July 22. The federal case did not revolve around Kraken’s operations, but rather a bitter governance fight at the Verge Center for

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UK Eyes Selling 61,000 Seized Bitcoin to Fill Budget Gap “Black Hole”

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The UK government is planning to sell a massive stash of bitcoin worth over £5 billion ($7.1 billion). It’s part of a wider effort to plug a growing £20 billion budget hole. The plan, first reported by The Telegraph, has been confirmed by several sources and involves the Home Office, Chancellor of the Exchequer Rachel

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Ex-South Korean First Lady Kim Keon-hee ‘Faces Crypto Market Maker Probe’

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Prosecutors are investigating a possible link between the former South Korean First Lady Kim Keon-hee and a crypto market maker suspected of manipulating the prices of low-cap altcoins. The South Korean media outlet OhMyNews claimed it had seen evidence that the special prosecution team charged with investigating the former First Lady sent an official request

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Roman Storm’s defense hints at mistrial after agents fail to trace funds stolen from witness to Tornado Cash

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Roman Storm’s defense team raised the prospect of a mistrial on July 21 after an FBI agent failed to confirm that the stolen assets from the prosecution’s first witness in his trial had passed through Tornado Cash. Journalist Matthew Russell Lee reported in real-time today’s session of the trial, highlighting that before the jury could

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