On August 7, 2025, the US Division of Justice convicted Twister Money co-founder Roman Storm for working an unlicensed cash transmission enterprise. The case, seen as a crackdown on crypto mixing infrastructure, straight impacts hacker teams’ laundering networks. Weeks later, on August 26, the FBI confirmed that the Lazarus Group was behind the $1.5 billion…
In a current Trump Cupboard assembly, Commerce Secretary Howard Lutnick mentioned he’d put US financial information on the blockchain. Apparently, he’d first start with GDP statistics. His announcement was obscure and non-actionable, and Trump didn’t appear . This plan might work, however somebody will really have to make it occur. US Knowledge on the Blockchain?…
President Trump’s transfer to fireside Lisa Prepare dinner might be the ultimate piece he must take over the Fed. If it really works, he may restructure the FOMC and approve charge cuts with out even changing Powell. Seven Governors management the Federal Reserve and its District Financial institution Governors, and Trump already appointed three of…
Canary Capital filed to create a TRUMP ETF, making it the third such agency to aim this feat. Nevertheless, Canary is utilizing a special construction than the earlier efforts, which might make this product extra profitable. Nevertheless, ETF analyst Eric Balchunas claimed that this product can’t meet the necessities for a ’40 Act ETF. Subsequently,…
South Korea is racing against time to regulate stablecoins. The regulators are finalizing stablecoin legislation while industry players urge faster regulatory clarity to compete globally. A seminar held on Monday at the National Assembly in Seoul gave a glimpse of the state of the industry. Regulators Push Legislation Since RedoPay, a Hong Kong company’s crypto…
US President Donald Trump fired Federal Reserve Governor Lisa Cook dinner on Monday, marking an unprecedented escalation in his battle with the central financial institution. The dismissal represents the primary time a president has ousted a Fed governor within the establishment’s 111-year historical past. Trump cited allegations of mortgage fraud towards Cook dinner as grounds…
The World Federation of Exchanges (WFE) has called on financial regulators to tighten oversight of tokenized stocks, warning that the products could expose investors to hidden risks and undermine trust in traditional markets. Reuters reported on Aug. 25 that WFE warned that tokenized equities replicate the appearance of stocks without conferring the same rights or…
The Philippines has superior towards adopting Bitcoin as a strategic reserve asset. 36-year-old Congressman Miguel Luis Villafuerte launched the Strategic Bitcoin Reserve Act, calling for buying 10,000 BTC over 5 years. If enacted, the measure would place Bitcoin alongside gold and foreign-exchange reserves, making the Philippines one of many world’s largest state-level cryptocurrency holders. Invoice…
Japan’s Monetary Providers Company (FSA) is making ready sweeping adjustments to its digital asset framework. The adjustments, which mix tax reforms and regulatory upgrades, might introduce exchange-traded funds (ETFs) tied to cryptocurrencies. The initiative alerts Japan’s intent to combine crypto into mainstream finance and entice broader funding. Tax Burden Beneath Evaluation The reform package deal,…
Pennsylvania lawmaker Ben Waxman, a Democrat, has introduced a invoice that might stop public officers from proudly owning or transacting in digital belongings whereas in workplace. The proposal, referred to as the House Bill 1812 (HB1812), goals to amend the state’s ethics and monetary disclosure legal guidelines and lengthen these restrictions to officers’ speedy households….