A union group sued the US Treasury Department, accusing the organization of breaking federal laws by providing Elon Musk’s Department of Government Efficiency (DOGE) access to sensitive information.
The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) sued the Treasury and Secretary Scott Bessent to stop what it described as an “unlawful ongoing, systematic, and continuous disclosure of personal and financial information.”
The AFL-CIO said it represented an intrusion into individual privacy and added that people sharing information with the federal government must not be forced to share information with DOGE or Musk.
US lawmakers propose stablecoin bill to boost dollar dominance
US Representatives French Hill and Bryan Steil released a discussion draft for stablecoin legislation that aims to boost the global dominance of the US dollar.
The bill would impose a two-year ban on “endogenously collateralized stablecoin[s],” or stablecoins backed by self-issued crypto assets. In addition, the bill would require the Treasury to conduct a study on stablecoins.
Hill said in a news release that the bill aims to ensure a federal path for stablecoin issuers. The lawmaker said they would work with the Trump administration, the House and the Senate to deliver a dollar-backed stablecoin to Americans.
Coinbase to face lawsuit over unregistered securities sales, judge rules
Crypto exchange Coinbase will be forced to face an investor lawsuit after a federal judge rejected its argument that it does not meet the definition of a “statutory seller” under federal law.
US District Judge Paul Engelmaye’s decision means the exchange will face allegations from the plaintiffs that it sold 79 crypto assets that were securities without being registered as a broker-dealer.
Coinbase told Cointelegraph that it does not list, offer or sell securities on its exchange. “Today’s opinion importantly narrowed the scope of discovery in this case, which is significant. We look forward to vindicating the remaining claims in the district court,” Coinbase added.
SafeMoon CEO asks to push trial based on Trump SEC’s “policy changes”
Braden John Karony, former CEO of the crypto project SafeMoon, requested a delay in his criminal trial, hoping that US President Donald Trump’s approach to crypto could result in charges being dropped.
In a filing, Karony asked a federal judge to push jury selection from March to April, citing “significant changes” proposed by the Securities and Exchange Commission under the Trump administration.
Karony’s legal team cited Trump’s Jan. 23 executive order, which explores potential changes to digital asset regulation in the country. The team also cited a statement from SEC Commissioner Hester Peirce suggesting that the SEC would consider retroactive relief for specific crypto cases.
Law firm demands Pump.fun remove over 200 memecoins using its IP
Law firms Burwick Law and Wolf Popper issued a cease and desist letter to Pump.fun, demanding the removal of a token called “Dog Shit Going NoWhere” and others they claim impersonated the firms through the use of their intellectual property.
Burwick Law managing partner Max Burwick told Cointelegraph that since the class action filing, the platform had issued over 200 tokens infringing the firm’s IP and its co-counsel brands.
The firm said the platform has the technical capability to remove the tokens and has “chosen not to act” despite the risks to the public.
