Regulation & Legal

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IRS Warns Fake Crypto Letters Target Wallets and Personal Data

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Fraudsters are mailing counterfeit IRS notices that direct cryptocurrency holders toward a fabricated compliance portal designed to capture sensitive financial information. The campaign targets wallet access, exchange credentials, identities, and digital assets through official-looking correspondence. Counterfeit Letters Exploit Growing Crypto Tax Anxiety The Internal Revenue Service (IRS) issued a fraud alert about fake letters targeting … Read more

Grayscale Urges Senate CLARITY Act Vote Before August Recess

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Grayscale urged Senate leaders to schedule a CLARITY Act vote before the August recess, warning that delay threatens U.S. competitiveness. The bill would divide crypto oversight between federal regulators and establish nationwide market rules. Grayscale Presses Senate Leaders as Legislative Window Closes Digital asset manager Grayscale called on Senate leaders to bring the CLARITY Act … Read more

DOJ Files to Recover $47K in Crypto From ATM Fraud Scheme

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Federal prosecutors are seeking approximately $47,000 in cryptocurrency allegedly taken from five victims through a technology-support and government-impersonation fraud scheme. The case reflects expanding efforts to recover digital assets after scammers convert victims’ cash through cryptocurrency ATMs. Computer Warning Led Victim to a Crypto ATM The U.S. Attorney’s Office civil forfeiture action seeking 47,461.73111 USDT … Read more

CEO Arrested Over Alleged Crypto-Funded Contract Killing

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Federal prosecutors allege the chief executive of a cross-border currency exchange business converted $750,000 into cryptocurrency for undercover agents before arranging payments tied to an alleged murder-for-hire plot. Authorities also claim the executive sent 25,000 USDT as part of the final payment after agents staged the victim’s killing. Prosecutors Allege Crypto Payments Completed Murder-for-Hire Scheme … Read more

Saylor and Strategy Officially Back CLARITY Act for US Crypto

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Strategy Inc. and Michael Saylor declared support for the CLARITY Act on July 31 as Senate lawmakers faced mounting pressure to advance comprehensive cryptocurrency rules. Their support connects the legislation with institutional adoption, market growth, and clearer protections for digital asset ownership. Strategy and Saylor Join the CLARITY Act Campaign Strategy Inc. (Nasdaq: MSTR) announced … Read more

CLARITY Act Push Hits 1 Million With 7 Days Before Senate Recess

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Stand With Crypto claims advocates have contacted lawmakers one million times with seven days remaining before the August recess, while federal and state officials raise competing concerns over fraud protections, enforcement authority, and presidential conflicts. Million-Contact Campaign Intensifies Senate Pressure Stand With Crypto, a nonprofit crypto advocacy organization that mobilizes digital asset owners around legislation … Read more

CLARITY Act Push Hits 1 Million With 7 Days Before Senate Recess

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Stand With Crypto claims advocates have contacted lawmakers one million times with seven days remaining before the August recess, while federal and state officials raise competing concerns over fraud protections, enforcement authority, and presidential conflicts. Million-Contact Campaign Intensifies Senate Pressure Stand With Crypto, a nonprofit crypto advocacy organization that mobilizes digital asset owners around legislation … Read more

NY Sues Kalshi, Demanding $100K Fine Per Illegal Bet

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The lawsuit alleges that Kalshi acted as an unlicensed gambling operator, stressing that prediction markets meet the legal definition of gambling as the outcomes of event contracts “are uncertain and outside the control of the bettor or hinge on a game of chance.” New York Alleges Kalshi Violated State Laws Operating an Unlicensed Gambling Business … Read more

Consumer Technology Association Urges Senate Vote on CLARITY Act

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The technology trade group representing more than 1,300 companies renewed its push for Senate approval of the CLARITY Act after bipartisan committee action. Lawmakers now face decisions on revised ethics provisions and other disputes before a floor vote. Technology Group Presses for Senate Action The Consumer Technology Association (CTA), representing more than 1,300 technology companies, … Read more

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