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Policy
Former Director of Crypto Exchange ACX Faces Lawsuit in Australia Over Alleged Mismanagement of Funds
The Australian Securities and Investments Commission (ASIC) has initiated civil penalty proceedings against Allan Guo, the former director of Blockchain Global, which operated the now-defunct ACX Exchange. Guo is accused of mishandling customer funds and failing to maintain proper financial records. ASIC's allegations stem from its ongoing investigation into the collapse of ACX Exchange in Decemb…
May 28, 2025, 1 p.m.
Policy
Donald Trump Jr. Reveals How Financial Restrictions Led to His Family's Interest in Cryptocurrency
In a speech at the Bitcoin 2025 conference in Las Vegas, Donald Trump Jr. discussed how he and his brother Eric introduced their father to the concept of cryptocurrency after the family faced significant financial challenges following Trump's first presidential term. Trump Jr. admitted that he wasn't an early adopter of bitcoin, but became interested in blockchain technology after realizing the v…
May 28, 2025, 1:08 a.m.
Policy
Senator Lummis Reflects on the Challenging Journey of the Stablecoin Bill
The US Senate is nearing the passage of its groundbreaking stablecoin bill, the GENIUS Act, a feat that its champion, Senator Cynthia Lummis, describes as an arduous endeavor. During a recent discussion at Bitcoin 2025 in Las Vegas, Lummis confessed that the process has been far more difficult than anticipated. The Senate voted to advance the bill last week, surpassing the required 60-vote thresh…
May 27, 2025, 11:18 p.m.
Policy
IMF Vows to Monitor El Salvador's Bitcoin Holdings
On Tuesday, the International Monetary Fund announced that it would continue its efforts to ensure El Salvador's government does not expand its bitcoin reserves. The country has been buying more bitcoin, despite an agreement with the IMF in March that included a $3.5 billion loan package with conditions related to the cryptocurrency. As part of the deal, bitcoin lost its status as legal tender, a…
May 27, 2025, 9:36 p.m.
Policy
Third Suspect Surrenders in Manhattan Bitcoin Abduction Case
New York City police have taken into custody a man accused of participating in the kidnapping and torture of an Italian cryptocurrency investor in a Manhattan townhouse. The suspect, William Duplessie, turned himself in following negotiations with authorities, as reported by the New York Times. He is the third individual to be implicated in the alleged plot to extract the keys to a bitcoin wallet…
May 27, 2025, 7:33 p.m.
Policy
Indian Crypto Sector Seeks Tax Relief Amid Government's Potential Shift in Policy
According to a report by the Financial Times, the Indian crypto industry has sensed a chance to advocate for better treatment by the government. Executives from cryptocurrency exchanges noted that the administration of Prime Minister Narendra Modi has become more open to digital assets, engaging in discussions following recent developments. A key figure in the industry attributed the positive tre…
May 27, 2025, 9:46 a.m.
Policy
Sam Bankman-Fried's Prison Term May Be Shortened by Over 4 Years
The founder and former CEO of the now-defunct cryptocurrency exchange FTX, Sam Bankman-Fried, may be eligible for release from prison in December 2044, more than four years ahead of his initially imposed sentence, as reported by Business Insider. Following his conviction on seven counts of fraud and conspiracy in 2023, Bankman-Fried received a 25-year prison sentence in March 2024 for mastermindi…
May 26, 2025, 3:50 p.m.
Policy
Trump's Crypto Connections to Face Scrutiny in Senate's Final Stablecoin Debate
The US Senate is on the cusp of approving a landmark crypto legislation, the stablecoin-regulation bill, but some Democrats are demanding that the final debate address the alleged conflicts of interest of President Donald Trump. The bill's proponents had hoped to conclude their efforts within a week, but the debate will now extend into a second week of floor action to establish oversight of dolla…
May 26, 2025, 1 p.m.
Policy
US Crypto Investor Faces Charges for Alleged Kidnapping and Torture Over Bitcoin
A US cryptocurrency investor, John Woeltz, 37, has been charged with multiple crimes, including kidnapping, assault, and illegal possession of a firearm, after allegedly subjecting a 28-year-old Italian man to weeks of torture in a Manhattan townhouse in an attempt to obtain his bitcoin wallet credentials. The victim had traveled to New York and was lured to the five-story rental property, where …
May 26, 2025, 11:23 a.m.
Policy
US Democrats Vow to Take Action Against Trump's Memecoin Dinner Amid Corruption Concerns
In Washington D.C., Democratic lawmakers have initiated a series of actions to voice their concerns regarding Donald Trump's memecoin dinner, which they deem as 'corrupt'. Trump, whose affiliated businesses launched the $TRUMP memecoin shortly before his second term inauguration, announced that he would be hosting the 220 largest holders of his token for a dinner at the Trump National Golf Club i…
May 22, 2025, 6:06 p.m.