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Examining the laws, guidelines, and policies governing the operation of cryptocurrencies, blockchain technology, and financial services.

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Argentine Prosecutors Arrest 24, Seize Over $8M in USDT in 'Fake Coins' Crypto-Fraud Sweep

Argentine Prosecutors Arrest 24, Seize Over $8M in USDT in 'Fake Coins' Crypto-Fraud Sweep

The Buenos Aires Public Prosecutor's Office said it ran 90 simultaneous raids and froze more than 8 million USDT across three fraud rings — fake trading apps, WhatsApp hijacks, and a Chinese-origin infostealer operation — in what it calls the province's largest crypto seizure to date.

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Argentine Prosecutors Arrest 24, Seize Over $8M in USDT in 'Fake Coins' Crypto-Fraud Sweep

Argentine Prosecutors Arrest 24, Seize Over $8M in USDT in 'Fake Coins' Crypto-Fraud Sweep

The Buenos Aires Public Prosecutor's Office said it ran 90 simultaneous raids and froze more than 8 million USDT across three fraud rings — fake trading apps, WhatsApp hijacks, and a Chinese-origin infostealer operation — in what it calls the province's largest crypto seizure to date.
CFTC Approves First US-Regulated Bitcoin Perpetual Futures

CFTC Approves First US-Regulated Bitcoin Perpetual Futures

The agency approved Kalshi's BTCPERP contract, the first bitcoin perpetual on a registered U.S. exchange, and in a separate action cleared Coinbase to route customers to its offshore Deribit affiliate. Together the moves open an onshore path for a product long pushed abroad and raise the competitive stakes for dominant venues such as Hyperliquid.
SEC Commissioner Hester Peirce Clarifies Distinction Between Tokenized Securities and Synthetic Instruments

SEC Commissioner Hester Peirce Clarifies Distinction Between Tokenized Securities and Synthetic Instruments

SEC Commissioner Hester Peirce references a staff statement on tokenization to distinguish between issuer-sponsored tokenized stocks and synthetic crypto instruments offering stock exposure.
SEC Commissioner Peirce Clarifies Scope of Proposed Innovation Exemption for Onchain Stock Trading

SEC Commissioner Peirce Clarifies Scope of Proposed Innovation Exemption for Onchain Stock Trading

Hester Peirce pushes back against "hyperbole" surrounding a contemplated SEC innovation exemption for tokenized NMS stock, emphasizing it would cover only digital representations of existing equities, not synthetic assets.
SEC Preparing 'Innovation Exemption' Framework for Tokenized Stock Trading

SEC Preparing 'Innovation Exemption' Framework for Tokenized Stock Trading

The SEC is developing a new regulatory framework that would allow digital versions of publicly traded securities to trade on blockchain networks in the US.
Galaxy Receives BitLicense From New York State Department of Financial Services

Galaxy Receives BitLicense From New York State Department of Financial Services

Galaxy has obtained a BitLicense from the New York State Department of Financial Services, regulatory approval to operate a cryptocurrency business in the state.
Senate Banking Committee Releases 309-Page Clarity Act Draft: US Senate Banking Committee

Senate Banking Committee Releases 309-Page Clarity Act Draft: US Senate Banking Committee

The Senate Banking Committee publicly released the full text of its crypto market structure bill ahead of Thursday's markup, with amendments due by end of business Wednesday.