Regulators around the globe assert more control over crypto: Law Decoded
From Hong Kong to Europe and the United States, regulators are pushing for more oversight and control over digital assets. Go to Source
United States
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US Congress remains legislatively paralyzed on crypto bills without a House Speaker
Pieces of legislation aimed at establishing clarity on certain crypto policies are unable to move forward with half of the legislative branch of the U.S. government lacking leadership. Go to Source
US official confirms military concerns over China’s access to cloud technology
The confirmation comes as tensions between the U.S. and China continue to rise. Go to Source
FinCEN issues alert regarding crypto transactions connected to Hamas
The government department warned virtual asset service providers and other financial institutions to “identify and report suspicious transactions” related to terrorist groups. Go to Source
SEC moves to dismiss lawsuit against Ripple’s Brad Garlinghouse and Chris Larsen
The civil lawsuit against the Ripple executives had been ongoing since December 2020. Go to Source
US Treasury plans to designate crypto mixers as money-laundering hubs: Report
The department previously targeted individuals connected to Tornado Cash, but its reported actions on mixers followed concerns suggesting Hamas was financed in part by crypto. Go to Source
Advocacy groups push back against Sen. Warren linking crypto with terrorism
The Blockchain Association and Crypto Council for Innovation said the terrorist group Hamas had reportedly curtailed using Bitcoin as authorities could more easily track funds. Go to Source
IRS crypto tax reporting rules threat to industry — Coinbase legal chief
The IRS proposed the new crypto tax reporting rules in August, and if approved, the new crypto tax regime will come into effect from January 2026. Go to Source
Sen. Warren, 100+ legislators write White House, Treasury about crypto and terrorism
The letter was signed by crypto opponents and many lawmakers who had been neutral on crypto until now. Go to Source
US Treasury sanctions Gaza-based crypto operator allegedly tied to Hamas
According to the U.S. Treasury, terrorist groups including Hamas, ISIS, and an al-Qaeda affiliate used the Buy Cash Money and Money Transfer Company to transfer funds. Go to Source