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Policy
Pakistan and El Salvador Establish Partnership Focused on Cryptocurrency
In a groundbreaking move, Pakistan and El Salvador have initiated their first official bilateral collaboration, with a primary focus on the realm of cryptocurrency. A meeting took place between Bilal Bin Saqib, Pakistan's special assistant to the prime minister for crypto and blockchain, and El Salvador's President Nayib Bukele in San Salvador, aiming to forge a knowledge-sharing partnership cent…
July 17, 2025, 8:18 a.m.
Policy
Crypto Legislation Back on Track Following Extended House Vote
The U.S. House of Representatives, following a record-breaking procedural vote lasting nearly 10 hours, moved forward to advance key crypto legislation on Wednesday. The House narrowly passed a procedural vote to reopen debate after an initial failure on Tuesday, when the House Freedom Caucus voted against advancing to debate and a final vote. This procedural move required a majority vote before …
July 17, 2025, 3:05 a.m.
Policy
Alleged Hack Victims Claim Tornado Cash Provided No Assistance After Exploits: Roman Storm Trial Day 2
In New York, the second day of Roman Storm's money laundering trial saw three government witnesses testify that Tornado Cash, a privacy tool, offered little help to victims of hacks and scams who sought to recover their stolen funds. A woman from Georgia, who lost nearly $250,000 to a pig butchering scam with some proceeds laundered through Tornado Cash, stated that her request for assistance wen…
July 16, 2025, 7:40 p.m.
Policy
US House Delays Final Vote on Key Crypto Legislation
The US House of Representatives has stalled on a procedural vote to advance key crypto bills, including the Clarity Act, GENIUS Act, and Anti-CBDC Surveillance Act. The House initially passed a procedural motion but struggled with a second vote, which remained open after more than 100 minutes. A group of Republicans voted against the motion, putting the legislation at risk. The issue centers arou…
July 16, 2025, 7:13 p.m.
Policy
China Merchants Bank's Brokerage Division Obtains Virtual Asset License in Hong Kong
According to a report by the South China Morning Post, the brokerage arm of China Merchants Bank has successfully acquired a virtual asset license in Hong Kong, marking a significant milestone as the first mainland Chinese broker to achieve this feat. The license, issued by the Hong Kong Securities and Futures Commission, enables the bank's brokerage division to provide services such as crypto as…
July 16, 2025, 11:32 a.m.
Policy
Speculation on Jerome Powell's Removal Surges Following Congresswoman's Claim
A recent post by Congresswoman Anna Paulina Luna on social media has led to a surge in speculation about the potential removal of Federal Reserve Chair Jerome Powell. Luna stated that Powell's firing is 'imminent', although she provided no further details. This statement caused a 4% increase in the 'yes' side of a related Polymarket contract, reaching 27%. However, it's worth noting that Luna is …
July 16, 2025, 4:47 a.m.
Policy
Crypto Market Regulation Efforts Require Significant Overhaul, Says Top Senate Agriculture Democrat
The Senate Agriculture Committee has entered the congressional negotiations on crypto market structure legislation with a recent hearing, where its ranking Democrat, Senator Amy Klobuchar, outlined the substantial changes she believes are necessary before supporting the effort to establish digital asset regulations. As the House nears passage of its own market structure bill, the Digital Asset Ma…
July 15, 2025, 10:41 p.m.
Policy
Tornado Cash Trial Commences: Lawyers Dispute Roman Storm's Role in Alleged Money Laundering Scheme
The highly publicized trial of Roman Storm, the developer behind the cryptocurrency privacy tool Tornado Cash, has begun in Manhattan. Storm faces charges of conspiracy to commit money laundering, violating U.S. sanctions, and operating an unlicensed money transmitting business, with a potential sentence of up to 45 years in prison if convicted. The prosecution and defense presented their opening…
July 15, 2025, 9:56 p.m.
Policy
Roman Storm's Tornado Cash Trial Commences with Jury Selection
In New York, a jury of 12 individuals has been selected for the trial of Roman Storm, the developer of Tornado Cash, with the prosecution poised to present its case. The jury, comprising seven women and five men from diverse backgrounds and age groups, will determine whether the US Department of Justice can establish beyond reasonable doubt that Storm was involved in a conspiracy to commit money …
July 15, 2025, 5:58 p.m.
Policy
UK Pledges to Leverage DLT and Tokenization in its Wholesale Market Strategy
On Tuesday, the UK government announced plans to facilitate the identification of optimal distributed ledger technology (DLT) applications and implement tokenization solutions within the wholesale market. The government aims to integrate DLT, the technology underlying cryptocurrency, across various sectors of the wholesale financial markets and establish cross-market groups to drive live projects…
July 15, 2025, 5:08 p.m.