Switching from Cryptomus to Heleket leaves the same UK sanctions target
Switching from Cryptomus to Heleket leaves the underlying UK sanctions target unchanged, as both crypto payment platforms share the same operator, Xeltox…
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CFTC proposes a divide between prediction contracts and sportsbook wagers
The Commodity Futures Trading Commission proposed defining event contracts as swaps while excluding sportsbook wagers, highlighting ongoing regulatory tension between federal jurisdiction…
Coinbase’s Texas move gets a shareholder suit dismissed over Delaware-era claims
A Texas court dismissed a shareholder lawsuit against Coinbase over Delaware-era claims because the investor failed to make a required pre-suit demand…
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Celsius founder faces lifetime ban, but can trade his own crypto
Celsius founder Alex Mashinsky agreed to a permanent industry ban and up to $35 million in conditional state financial requirements under a New York settlement, while retaining the right to…
EU regulators target non-compliant stablecoins with a 90-day deadline
European regulators have issued a new advisory establishing a three-month deadline for crypto platforms to clear out European clients' exposure to non-compliant stablecoins under MiCA regulations.
FinCEN drops crypto mixing proposal as backlash kills rule
FinCEN has officially withdrawn its controversial 2023 proposal targeting crypto mixing and international cryptocurrency transactions following heavy pushback from commenters who warned about excessive reporting obligations.
DOJ presses Tornado Cash prosecution as Treasury drops mixer reporting plan
Federal prosecutors are pursuing the criminal case against Tornado Cash co-founder Roman Storm, leveraging a Bitcoin Fog appeal to maintain charges even as the Treasury Department rescinds a broad mixer-reporting…
US expands Hamas sanctions after tracing crypto transfers from France
The United States has imposed new sanctions on three individuals and two French charities accused of funneling cryptocurrency and financial resources to Hamas, expanding screening obligations for U.S.-regulated crypto firms.
Illinois backs delay to crypto tax rule after months of industry pushback
Illinois state officials and cryptocurrency industry groups have requested a six-month postponement of the state's digital-asset tax to allow an ongoing constitutional challenge to proceed in court.
Bankers sue to overturn OCC trust-bank rule used by crypto firms
Community bankers have filed a federal lawsuit against the OCC to overturn its national trust bank rule, arguing the regulator overstepped its legal boundaries by granting charters to numerous cryptocurrency…