US Government

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US Government Could Target Bitcoin, Warns ‘Wolf of All Streets’ Amid Crypto Attacks

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Scott Melker, also known as the “Wolf of All Streets,” has cautioned that the same attacks on cryptocurrencies by the U.S. government “would eventually come for bitcoin, regardless of it being a commodity.” His warning followed recent regulatory actions by various government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), … Read more

Coin Center Warns of DOJ Overreach in Tornado Cash, Samourai Wallet Cases

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The recent actions by the Department of Justice (DOJ) against non-custodial crypto wallet developers have sparked controversy and concern within the cryptocurrency community. According to Coin Center, these charges mark a significant shift from previous U.S. policies regarding money transmission, potentially impacting the liberty and privacy rights of developers and users alike. Coin Center: DOJ … Read more

Does Money Transmitting Require Control? DOJ Says No in Tornado Cash Litigation

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Since the Department of Justice (DOJ) filed its legal opposition to the pretrial motions of Tornado Cash developers Roman Storm and Roman Semenov, there has been a buzz within the cryptocurrency community regarding specific aspects of the court filing. A key point raised by the prosecutors is their belief that the definition of “money transmitting” … Read more

US Government Transfers Nearly $2B in Bitcoin to Coinbase, Arkham Data Reveals

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On April 2, 2024, the U.S. government executed a transaction involving nearly $2 billion in bitcoin (BTC), channeling the assets to Coinbase Prime, as Arkham Intelligence’s data reveals. The transfer comprised 30,174.70 BTC, successfully processed at block height 837,413, incurring a fee of $1.57. In recent years, the U.S. has accumulated a noteworthy collection of … Read more