President Trump's Executive Order on Jan. 23, 2025, rejects CBDCs, outlines digital asset innovation goals, and creates a working group to revamp crypto regulations. Trump Signs Executive Order Advancing U.S. Leadership in Digital Assets President Donald Trump signed a significant executive order focused on the future of digital assets, blockchain technology, and the regulation of…

North Korean hackers linked to the Lazarus Group lose $458K on Hyperliquid, raising security concerns in decentralized finance.

Lawmakers push back against Biden's IRS rule redefining DeFi participants as "brokers," fearing it could stifle U.S. cryptocurrency innovation and drive it overseas. Lawmakers Introduce Resolution to Overturn Controversial IRS Rule U.S. Senator Ted Cruz (R-Texas) and Representative Mike Carey (R-Ohio) have introduced a joint resolution aiming to overturn a controversial IRS rule that redefines…

Better Markets filed an amicus brief in the SEC vs. Ripple case, criticizing the court ruling for ignoring XRP's economic realities and warning of investor risks. Better Markets Challenges District Court’s Interpretation of Ripple’s XRP Sales Better Markets, a financial reform advocacy organization, has filed an amicus brief in the ongoing SEC vs. Ripple case.…

Petrobras explores bitcoin mining integration to reduce carbon emissions. Learn about the Brazilian oil giant’s R&D on Web3 and sustainable energy solutions. Brazilian Oil Giant Petrobras Investigates Web3 and Blockchain Applications Petrobras, the state-owned oil company of Brazil, is researching the integration of bitcoin mining as a complementary activity to reduce carbon emissions. Marcelo Curi,…

The DOJ announced CLS Global’s guilty plea to market manipulation and wire fraud, resulting in a $428,059 penalty and a U.S. crypto market ban. CLS Global Agrees to Pay $428,059 Penalty Following DOJ Charges The U.S. Department of Justice (DOJ) announced on Jan. 21 that CLS Global FZC LLC has agreed to plead guilty to…

U.S. DOJ sentences Indian cryptocurrency vendor Anurag Pramod Murarka to 121 months for laundering $20M through darknet platforms and a hawala network. Cryptocurrency Laundering Scheme Ends in Prison Sentence The U.S. Department of Justice (DOJ) has sentenced Indian national Anurag Pramod Murarka, 30, to 121 months in prison for laundering more than $20 million in…

The SEC launches a crypto task force led by Hester Peirce to create clear cryptocurrency regulations, replacing enforcement actions with innovation-friendly policies. Crypto Task Force, Initiative Aims to Replace Reactive Enforcement with Proactive Regulation The U.S. Securities and Exchange Commission (SEC) has announced the formation of a crypto task force to develop a comprehensive and…

Bank of America CEO Brian Moynihan predicts a cryptocurrency payment revolution, contingent on regulatory clarity, during his speech at Davos. Bank of America CEO Highlights Banking Sector’s Readiness for Digital Currency Integration CEO Brian Moynihan envisions a future where cryptocurrency payments play a significant role in banking, provided clear regulatory guidelines are established. Speaking at…

The SEC fines Digital Currency Group $38 million for misleading investors about Genesis Global Capital's financial stability, raising questions about regulatory challenges in crypto markets. The U.S. Securities and Exchange Commission (SEC) has fined Digital Currency Group (DCG) $38 million, accusing the company of negligence in misleading investors about the financial condition of its subsidiary,…