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Cyber Gang Spent M on Nightclubs, M on Exotic Cars in 3M Crypto Fraud, DOJ Says

Cyber Gang Spent $4M on Nightclubs, $9M on Exotic Cars in $263M Crypto Fraud, DOJ Says

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U.S. authorities have charged 12 additional defendants in a sprawling RICO conspiracy involving over $263 million in cryptocurrency thefts, money laundering, and coordinated home invasions, according to a superseding indictment unsealed this week. DOJ: Crypto Crime Ring Laundered $263M via Mixers, Peel Chains, Hermès Birkin Bags, and Stuffed Animal Cash Shipments The indictment, announced by […]

Cyber Gang Spent $4M on Nightclubs, $9M on Exotic Cars in $263M Crypto Fraud, DOJ Says Read More »

Court denies SEC, Ripple settlement motion after finding procedural misstep

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US District Judge Analisa Torres denied a joint motion filed by the Securities and Exchange Commission (SEC) and Ripple for a proposed settlement to resolve the ongoing enforcement action over the sale of XRP. Issued on May 15 and shared on X by lawyer James Filan, the denial does not terminate the parties’ settlement efforts

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Former front-runner for CFTC chair role resigns to lead Blockchain Association

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Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger will depart the agency on May 30 to become the Blockchain Association’s new CEO, effective June 2, according to a May 14 announcement. The announcement states that Mersinger’s appointment comes at a critical legislative moment for digital assets in Washington, where the Blockchain Association is pushing for

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Oregon Passes Law Officially Recognizing Bitcoin as Collateral

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Oregon has officially signed Senate Bill 167 (SB 167) into law, making digital assets, including bitcoin, legal collateral in financial transactions. Governor Tina Kotek signed the bill on May 7, updating Oregon’s Uniform Commercial Code (UCC) to allow the use of digital assets like bitcoin as collateral in secured lending. It adds Article 12, which

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Prosecution In Samourai Wallet Case Affirms It Did Not Violate The Brady Rule

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Bitcoin Magazine Prosecution In Samourai Wallet Case Affirms It Did Not Violate The Brady Rule In a letter to the Southern District of New York (SDNY) filed today, the prosecutors in the Samourai Wallet case stated that they did not withhold exculpatory evidence and petitioned the judge for the case to deny the defense’s request

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SEC Officially Files Settlement Agreement With Ripple Over XRP—Lawyer Outlines Next Court Moves

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The SEC has finally filed its long-awaited settlement agreement with Ripple, signaling a pivotal moment that could unleash XRP’s momentum and reshape crypto regulation forever. SEC and Ripple File Final Settlement in XRP Case—Now All Eyes on Judge Torres The U.S. Securities and Exchange Commission (SEC) published a Litigation Release on May 8 announcing a

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SEC files to settle lawsuit with Ripple, execs over civil penalty dispute

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The US Securities and Exchange Commission (SEC) filed a proposed settlement agreement with Ripple, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen to resolve the Commission’s longstanding civil enforcement action against the company and its executives. In a filing submitted on May 8, the SEC and the defendants jointly requested that the US District Court

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Former Celsius CEO Alex Mashinsky receives 12 years in prison over fraud scheme

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Ex-Celsius CEO Alex Mashinsky was sentenced to 12 years in prison on May 8 for orchestrating a scheme that defrauded customers of the crypto lending platform by misrepresenting investment risks and manipulating the price of the company’s token, CEL. As Bloomberg News reported, the sentence was handed down by US District Judge John Koeltl in

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Arizona and Oregon embrace Bitcoin in sweeping new laws

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Two US states have taken significant steps to integrate Bitcoin and digital assets into public policy. On May 7, Arizona and Oregon passed new laws that signal growing acceptance of crypto at the state level. Arizona launches Digital Asset Reserve Arizona has created a state-run Bitcoin and Digital Asset Reserve Fund following the passage of

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Arizona Governor Vetoes Bitcoin Bill

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Arizona Bill SB 1025, which passed both chambers of the Arizona legislature, and was sponsored by State Senator Wendy Rogers (R), was vetoed on May 2, 2025, by Governor Katie Hobbs (D). Bitcoin advocate Rogers has previously introduced legal tender legislation in Arizona via Senate Bill 1341. The effort faced too many legal challenges initially

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