The Altcoin Vector #37

US Treasury Sanctions Multiple Iranian Crypto Exchanges

The U.S. Treasury Department's Office of Foreign Assets Control has sanctioned Nobitex, Iran's largest cryptocurrency exchange, along with three other Iranian crypto platforms—Wallex, Bitpin, and Ramzinex. The sanctions allege these exchanges facilitated terrorism financing and sanctions evasion, including transactions for the Islamic Revolutionary Guard Corps (IRGC) and related ransomware actors. The Treasury stated Nobitex processed over half of Iran's digital asset inflows in 2025, and helped the Iranian central bank obtain hundreds of millions in stablecoins to support the falling rial. Key individuals, including Nobitex's chairman and co-founders, were also sanctioned for their roles in the exchange's operations and recovery from a major 2025 hack.

TheNewsCrypto14 мин. назад

"Crypto Retirement Plan" Heavily Criticized by Democrats: Trump Is "Harvesting" American Workers' Pensions

Democratic senators Bernie Sanders (I-VT) and Elizabeth Warren (D-MA), along with Representative Bobby Scott (D-VA), are urging the Labor Department to repeal a proposed rule that would open U.S. retirement savings accounts, such as 401(k)s, to investments in cryptocurrencies like Bitcoin and other alternative assets. The rule, stemming from an August executive order by President Trump, would provide a legal safe harbor for plan fiduciaries offering these volatile assets if they follow a prescribed process. The lawmakers argue in a 14-page letter that the rule dangerously weakens long-standing "prudent man" standards under the Employee Retirement Income Security Act (ERISA), potentially exposing the $14.2 trillion in 401(k) savings to high-risk, minimally regulated investments. They cite warnings from FINRA about crypto's high volatility and from the FBI about massive cryptocurrency scam losses. The letter also alleges a conflict of interest, noting that President Trump's adult children manage the family's crypto business, which has reportedly raised billions from digital token sales. They contend the rule change could enrich the Trump family at the expense of workers' retirement security. In defense, the Trump administration frames the rule as expanding worker choice. Acting Labor Secretary Keith Sonderling stated it ends the department "picking winners and losers," requiring fiduciaries to follow a prudent process. Treasury Secretary Scott Bessent supported it as a step toward the president's "Golden Age."

marsbit16 мин. назад

AI热情点燃股市，日经大涨3%再新高，日元160关口附近波动，油价涨超2%，比特币跌至6.7万美元

华尔街日报1 ч. назад

日韩暴涨之外，新加坡股市历史新高，AI出口增长正带动本地循环

marsbit1 ч. назад

Glassnode spinout Cense raises €6.5 million seed round to transform crypto compliance for banks

insights.glassnode1 ч. назад