Regulatory Policy

Focuses on global regulatory developments, policy changes, and compliance requirements. It provides in-depth analysis of government regulations and their impact on the cryptocurrency and blockchain industries, helping businesses and investors proactively manage policy-related risks.

DOJ Task Force Confiscates $580 Million In Crypto From Chinese Fraud Ring

US Federal authorities, through the D.C. Scam Center Strike Force, have seized or frozen over $580 million in cryptocurrency linked to Chinese transnational criminal organizations. These groups are accused of operating large-scale investment scams, including "pig butchering" schemes, which defraud Americans of nearly $10 billion annually. The operation, a coordinated effort by the DOJ, FBI, and US Attorney’s Office, targets sophisticated fraud networks based in Southeast Asia. Authorities are pursuing forfeiture to return funds to victims and are focusing on senior figures within these criminal organizations. The scams often start with unsolicited messages and fake investment platforms that lure victims into transferring their crypto holdings.

bitcoinist55m ago

DOJ Task Force Confiscates $580 Million In Crypto From Chinese Fraud Ring

bitcoinist55m ago

What Brought GPT and Claude Together? Opposing the Pentagon?

The article discusses the unexpected alignment between rival AI companies OpenAI and Anthropic, driven by their shared ethical stance against the U.S. Department of Defense's demands. Anthropic, the maker of Claude, had signed a $200 million contract with the Pentagon but insisted on two red lines: no mass surveillance of U.S. citizens and no autonomous weapons without human oversight. When the Pentagon demanded unrestricted use, Anthropic refused, citing ethical concerns. In a show of solidarity, over 400 employees from OpenAI and Google signed an open letter supporting Anthropic’s position. OpenAI’s CEO also internally affirmed similar principles. However, this unity was short-lived. After Anthropic held its ground and rejected the Pentagon’s ultimatum, it was labeled a "supply chain security risk," effectively barring it from all federal contracts. Meanwhile, OpenAI secured the Pentagon contract by accepting less stringent terms, agreeing not to engage in mass surveillance or autonomous weapons but without pushing for additional legal safeguards. The piece highlights the political and ideological dimensions of the conflict, noting that Anthropic’s stance was perceived as "woke" and ideologically driven, while OpenAI’s more pragmatic approach was rewarded. The outcome signals the high cost of resisting government pressure in the AI industry and raises questions about the real-world value of ethical principles when faced with political and economic consequences.

marsbit6h ago

What Brought GPT and Claude Together? Opposing the Pentagon?

marsbit6h ago

All about U.S Congress’s new bill and its intent to protect open-source developers

A bipartisan group of U.S. lawmakers introduced the Promoting Innovation in Blockchain Development Act on February 26, aiming to clarify liability for blockchain developers. The bill seeks to protect open-source software developers from being prosecuted under money-transmitting laws, particularly amending Section 1960 of the U.S. Code to limit liability to entities that control customer assets or execute transfers. It comes amid growing regulatory scrutiny and cases like Tornado Cash that raised concerns about criminalizing non-custodial developers. Industry groups, including the Solana Institute and the Blockchain Association, have endorsed the bill, emphasizing the need to distinguish between developers and financial intermediaries. The proposal is part of a broader legislative effort, alongside bills like the Blockchain Regulatory Certainty Act and the GENIUS Act, to provide regulatory clarity and protect innovation in the crypto ecosystem.

ambcrypto8h ago

All about U.S Congress’s new bill and its intent to protect open-source developers

ambcrypto8h ago

Crypto Policy Turning Point: Blockchain Devs Could Gain Legal Shield

A new bipartisan bill, the Promoting Innovation in Blockchain Development Act, has been introduced in the US House of Representatives to protect blockchain developers from being prosecuted as unlicensed money transmitters. The legislation (targeting Section 1960) would narrow the legal definition to apply only to those who actually hold or control users' digital assets—not developers who write code, maintain networks, or build platforms without handling funds. The push follows high-profile prosecutions, including the conviction of Tornado Cash developer Roman Storm and guilty pleas from Samourai Wallet founders. Crypto advocacy groups support the bill, arguing it will encourage U.S.-based innovation and protect neutral technology builders from being treated as financial intermediaries. A similar Senate bill was also introduced earlier this year.

bitcoinist8h ago

Crypto Policy Turning Point: Blockchain Devs Could Gain Legal Shield

bitcoinist8h ago

Stablecoin Giant Tether Blocks $4.2 Billion In Crypto Over Crime Concerns

Tether, the issuer of the USDT stablecoin, has frozen approximately $4.2 billion in tokens linked to suspected criminal activity, with $3.5 billion blocked since 2023 alone. The company recently assisted the U.S. Department of Justice in freezing $61 million tied to "pig-butchering" scams. Tether's CEO emphasized the importance of blockchain transparency in aiding law enforcement. The firm has collaborated with various global authorities, including actions with the DOJ to seize $1.6 million connected to terror financing in Gaza, $6.2 million in a Brazilian money-laundering case, and $225 million in another pig-butchering scheme. Additional seizures were made with the U.S. Secret Service and international agencies.

bitcoinist14h ago

Stablecoin Giant Tether Blocks $4.2 Billion In Crypto Over Crime Concerns

bitcoinist14h ago

U.S. Scam Center Strike Force seizes $580m in crypto in just three months

U.S. authorities, through the Scam Center Strike Force, have seized over $580 million in cryptocurrency in under three months. This multi-agency initiative targets large-scale crypto fraud and "pig-butchering" scams linked to Chinese criminal groups in Southeast Asia. The operation reflects an aggressive shift toward intercepting illicit funds before they are laundered. Officials estimate such scams cost Americans nearly $10 billion annually. The U.S. government's crypto holdings, largely in Bitcoin, now exceed $21.5 billion. A key goal is returning seized funds to victims, signaling that improved blockchain transparency and inter-agency coordination are making crypto less viable for fraud.

ambcrypto17h ago

U.S. Scam Center Strike Force seizes $580m in crypto in just three months

ambcrypto17h ago

Liquid staking under the lens after Nasdaq files JitoSOL ETF rule change – Details

Nasdaq has filed with the SEC to list the Vaneck JitoSOL ETF, which would be the first Solana spot ETF fully backed by a liquid staking token (LST). The fund aims to track the price of JitoSOL, a tradable asset users receive for staking SOL, allowing them to earn rewards without managing validators. The filing argues that JitoSOL is economically comparable to SOL, citing extremely high hourly price correlations (over 0.997) on major exchanges. This suggests the ETF introduces no new pricing risks beyond existing Solana ETFs. The SEC has 45 to 90 days to review the proposal. If approved, staking rewards would be reflected in the fund’s net asset value rather than distributed separately. This is the first U.S. filing for an LST-backed fund, though other products offering combined spot and staking exposure, like the REX-Osprey Solana ETF, already trade.

ambcrypto18h ago

Liquid staking under the lens after Nasdaq files JitoSOL ETF rule change – Details

ambcrypto18h ago

Elizabeth Warren Presses OCC Over UAE Stake in World Liberty Application

In a Senate Banking Committee hearing, Senator Elizabeth Warren questioned OCC Comptroller Jonathan Gould about the bank charter application for World Liberty, a company linked to former President Donald Trump. Warren raised concerns over a recent report alleging a UAE official secretly acquired a 49% stake in the company, which would require full disclosure under OCC rules. She argued that undisclosed foreign ownership poses national security and conflict of interest risks and could undermine public trust in financial regulations. Gould declined to discuss specific applications but assured that standard regulatory procedures would be followed. Warren requested access to unredacted documents for verification and insisted the application should be rejected if foreign ownership was not properly disclosed.

TheNewsCrypto21h ago

Elizabeth Warren Presses OCC Over UAE Stake in World Liberty Application

TheNewsCrypto21h ago

Safety Narrative Meets Reality Squeeze: How Anthropic Fell into an Identity Crisis?

In a span of seventy-two hours, Anthropic faced a severe identity crisis amid pressure from the U.S. Pentagon, public accusations from Elon Musk, and a major shift in its safety policy. The Pentagon issued an ultimatum: allow Claude to be used for "all lawful purposes," including autonomous weapons targeting and domestic mass surveillance, by Friday 5:01 PM, or risk losing a $2 billion contract and being blacklisted as a "supply chain risk." Anthropic initially resisted, citing ethical red lines. Simultaneously, Elon Musk accused Anthropic of large-scale training data theft, referencing a $1.5 billion settlement over using pirated books. Anthropic also accused three Chinese AI firms of "industrial-scale distillation attacks" on Claude, framing it as a national security threat—a move widely criticized as hypocritical. In a pivotal shift, Anthropic released its Responsible Scaling Policy (RSP) 3.0, removing its core commitment to halt training if safety measures were inadequate. The company cited competitive pressure and lack of industry-wide consensus as reasons. With a $380 billion valuation and rapid growth, Anthropic’s balancing act between its safety-brand identity and commercial-military demands appears increasingly unstable. Its narrative as a "responsible AI" leader is collapsing under political, competitive, and ethical pressures.

比推22h ago

Safety Narrative Meets Reality Squeeze: How Anthropic Fell into an Identity Crisis?

比推22h ago

U.S. Judge Bars Binance from Forcing Arbitration on Crypto Losses

A U.S. federal judge has ruled that Binance cannot force customers into arbitration for crypto loss claims, allowing them to pursue lawsuits in court instead. The decision, issued by Judge Andrew Carter in Manhattan, found that Binance failed to properly notify users about arbitration clauses and class-action waivers in its terms of service. The case involves losses related to seven specific tokens. Binance has stated it will defend against the allegations, which it considers baseless. Meanwhile, BNB's price has declined amid the legal developments, extending monthly losses.

TheNewsCrypto22h ago

U.S. Judge Bars Binance from Forcing Arbitration on Crypto Losses

TheNewsCrypto22h ago

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