Latam Insights: US Sanctions Sinaloa Cartel Crypto Laundering, Venezuela Shuts Down Mining Farm
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, OFAC sanctions Sinaloa Cartel’s crypto laundering group, the Venezuelan government shuts down a 4,000 ASIC mining farm, and Brazil’s Bradesco enters the crypto custody business. US Sanctions Sinaloa Cartel Network for Laundering Drug … Read more
‘Developed ecosystem’ based on crypto has sprung up for AI agents: Report
Stablecoins became the default settlement layer for AI agents as crypto payment rails can handle sub-dollar transactions more efficiently, says a report from Keyrock. Go to Source
Mexico and the EU Join Forces to Target Global Crypto Money Laundering
The announcement was made during the 8th EU-Mexico summit, where Mexico and the EU signed a trade agreement to decrease dependence on the U.S. The two governments would be focused on cooperating to curb this kind of crypto-linked illicit activity. Mexico and the EU To Collaborate To Curb Crypto Money Laundering Activities Even as the … Read more
Kalshi backs prediction markets lobby group with former Trump official
“We’re not going to be outspent or out-organized by entrenched interests protecting their monopolies,” said John Bivona, head of government relations at Kalshi. Go to Source
Crypto-Backed Super PACs in Focus as Lawmakers Push $5,000 Donation Cap
The Abolish Super PACs Act, introduced in the House and Senate, would cap individual super PAC donations at $5,000 amid growing concerns over crypto-backed campaign spending and other independent election expenditures. Super PAC Cap Would Reshape Election Spending U.S. Representative Summer Lee and Senator Bernie Sanders unveiled the Abolish Super PACs Act in an announcement … Read more
SEC postpones plan allowing ‘innovation exemption’ for tokenized stocks: Report
The SEC has reportedly delayed releasing a proposal permitting tokenized stock trading after receiving industry concerns. Go to Source
Coinbase CEO Lists 8 Areas Where Global Finance Still Needs an Update
Coinbase CEO Brian Armstrong identified eight finance priorities, including tokenization, stablecoins, AI, and capital formation. He said the system still needs technology and policy work to broaden access and modernize markets. Finance Still Needs These 8 Core Upgrades, Coinbase CEO Says Coinbase CEO Brian Armstrong identified eight finance priorities on May 24, placing tokenization, global … Read more
Sui to Make All Stablecoin Transactions Private by Default in Massive Update
Adeniyi Abiodun, co-founder of Mysten Labs, stated that this new feature will allow users to leverage Sui’s network without announcing their holdings to the whole internet. He bets on this functionality to entice institutions to build on Sui, allowing them to offer controlled visibility on their operations. Sui To Include Private Stablecoin Transactions In Mainnet … Read more
Brent Crude Tumbles Below $99 as Trump Signals US-Iran Deal, Bitcoin Holds Near $77K
Oil markets slid over the Memorial Day weekend as President Trump said a deal to reopen the Strait of Hormuz is “largely negotiated,” pulling Brent crude below $99 while bitcoin held near $77,000 with U.S. stock exchanges shuttered for the holiday. Trump Signals U.S.-Iran Deal Pushes Brent Crude Below $99 as WTI Eyes $80s Brent … Read more