OFAC claims Funnull Technology purchased a code repository used by web developers and altered it to redirect legitimate websites to scam websites.
The party leader leaned into pro-crypto talking points at the Bitcoin 2025 conference, announcing plans to introduce a digital asset bill if Reform UK wins in the next election.
Hester Peirce, head of the SEC’s crypto task force, said the context of a digital asset transfer could make it a securities transaction.
The SEC and Binance have filed a joint motion to end a nearly two-year legal battle in the agency’s latest backdown from its prior crypto enforcement actions.
The news comes at a time when many banks are considering issuing their own private stablecoins.
Backed by lawmakers from both parties, the bill proposes rules to govern digital assets and define agency roles in enforcement and oversight.
Elon Musk confirmed that he’s quitting as the White House’s government cost-cutting czar after admitting it was an “uphill battle” trying to slash federal jobs and programs. Musk’s status as a Special Government Employee leading the Department of Government Efficiency (DOGE) meant that by law, he could only serve for a maximum of 130 days, which was set to finish on May 30. Musk confirmed his exit in a May 29 X post, thanking President Donald Trump “for the opportunity […]
Former Commodity Futures Trading Commission Chair Rostin Behnam has said the crypto market will remain unregulated unless the agency he led is given greater authority. In a May 28 Bloomberg TV interview, Behnam sided with the crypto industry on its long-standing argument that cryptocurrencies are commodities. “If you look at existing law, the few largest tokens are commodities, which means the SEC does not have jurisdiction over those tokens, which include Bitcoin and Ether,” he said. He added that the […]
A US federal court has frozen around $57.65 million worth of the stablecoin USDC in a class action case over the controversial Libra memecoin. Onchain data shared with Cointelegraph by the class group’s lawyer, Max Burwick, shows nearly $57 million worth of USDC (USDC) was frozen on May 28 after a Manhattan court agreed to a temporary freeze. “Yesterday, a federal court in SDNY [Southern District of New York] entered a Temporary Restraining Order at our request, Burwick Law, supported […]
The US Labor Department has officially rescinded guidance issued during the Biden administration that limited the inclusion of cryptocurrency in 401(k) retirement plans. On May 28, the Labor Department revoked a 2022 guidance that had urged fiduciaries to be “extremely cautious” when considering cryptocurrency for 401(k) retirement plans. The move could give asset managers more flexibility to include digital assets in retirement investment options. The government agency removed the guidance asserting that it represented a departure from the department’s “historically […]