Important Cryptocurrency Legislation Fails in Senate
The Senate couldn’t get past a procedural vote on a significant cryptocurrency bill on Tuesday, despite considerable support from the industry. The Digital Asset Market Clarity Act garnered a vote of 49 to 50, failing to reach the required 60 votes, mainly due to disagreements between Democrats and Republicans over an ethics provision. While the […]
Albuquerque prohibits cryptocurrency ATMs following scams that resulted in significant losses for New Mexicans.
Albuquerque bans crypto ATMs amid rising scam complaints The city of Albuquerque has enacted a ban on cryptocurrency ATMs, a decision taken by city councilors to combat increasing instances of fraud involving these machines. Under the new ordinance, the installation and operation of virtual-currency ATMs are now illegal within city limits. Officials revealed that over […]
Hunter Biden introduces cryptocurrency meme coin poking fun at laptop controversy
Hunter Biden is transitioning from what many might consider a dark past to a new venture in cryptocurrency. He’s preparing to launch his meme coin, dubbed $LAPTOP, which notably references his infamous laptop. This initiative also includes a plan to distribute tokens to investors who faced losses from President Trump’s digital currency. The launch is […]
Wilmington entrepreneur initiates legal action regarding suspected $60 million cryptocurrency scam
Investment Lawsuit Filed Against Cryptocurrency Fund WILMINGTON, N.C. – A local businessman from Wilmington, along with his electric company, is spearheading a proposed nationwide class-action lawsuit against a cryptocurrency fund. They allege that the absence of proper financial safeguards led to an insider embezzling nearly $60 million in investor funds. The lawsuit was submitted on […]
Head of Polish Olympic Committee arrested for connections to defunct cryptocurrency company
Detention of Polish Olympic Committee President in Crypto Fraud Investigation Radosław Piesiewicz, the president of the Polish Olympic Committee (PKOl), has been arrested as part of an investigation into Zondacrypto, a cryptocurrency company that fell apart earlier this year and was a key sponsor of Poland’s Olympic team. This news follows a day after Waldemar […]
Kalshi traders believe there is a low chance that a significant cryptocurrency bill will be enacted this year.
Cryptocurrency Legislation Faces Uncertainty A significant piece of legislation aimed at creating a regulatory framework for cryptocurrencies may not pass before the year ends, according to traders on Kalshi. The Digital Asset Market Clarity Act, which gained bipartisan support in the House last July, is scheduled for a procedural vote in the Senate on September […]
Trump holds a White House summit on cryptocurrency to promote the CLARITY Act bill
White House Meeting on Cryptocurrency Regulations On Wednesday, President Donald Trump along with leading financial regulators met with significant figures from the cryptocurrency and digital assets sectors at the White House, signaling that a major legislative goal is nearing completion. Cody Carbone, the CEO of The Digital Chamber, was present at the meeting and shared […]
Trump invites cryptocurrency and finance leaders to the White House, urging Congress to approve the Clarity Act.
Trump Advocates for Transparency in Digital Asset Regulation On Wednesday, President Donald Trump gathered key figures from the cryptocurrency and financial sectors at the White House. His aim? To persuade Congress to advance the Digital Asset Market Transparency Act, which aims to establish a comprehensive regulatory framework for digital assets. Among those in attendance were […]
Witkoff and the Trump family’s cryptocurrency business support an AI project associated with limited Chinese firms.
World Liberty Financial’s Troubling AI Venture World Liberty Financial, a cryptocurrency firm co-founded by Alex and Zach Witkoff—who are the sons of billionaire Trump advisor Steve Witkoff, along with ties to the Trump family—reportedly has stakes in a Hong Kong-based artificial intelligence (AI) project that has connections to Chinese firms subject to U.S. government regulation. […]
Trump-associated World Liberty cryptocurrency project receives initial approval from currency regulator
OCC Grants Preliminary Approval to National Trust Bank with Ties to Trump Family The Office of the Comptroller of the Currency (OCC) announced on Friday that it has given preliminary conditional approval to National Trust Bank, which is partnering with World Liberty Financial, a cryptocurrency initiative partly owned by the family of former President Donald […]