DOJ prosecutors are moving to seize over $25 million in crypto tied to global scam networks using investment fraud, romance scams, and recovery scams. The push targets the money-laundering plumbing behind the fraud, not just the scammers sending the first message.
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Coinbase has settled its FOIA fight with the SEC for $150,000 after the agency lost nearly 11 months of former Chair Gary Gensler’s text messages. Beyond the cash, the case spotlights a sloppy records failure tied to crypto oversight and a dent to the SEC’s credibility.
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Progressive groups are pressuring Sen. Kirsten Gillibrand over her family’s crypto ties as Senate talks over the CLARITY Act run into ethics concerns. With 60 votes needed and Fairshake’s election muscle looming, the bill’s path is getting politically messy fast.
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The CLARITY Act is still in play, but Senate negotiations are stuck on ethics language as the August recess clock ticks down. Lawmakers are close, yet unresolved details could still push crypto regulation into another ugly delay.
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Bitcoin is back above $65,000, and Binance just saw its biggest BTC withdrawal in five months: 9,030 bitcoin, worth about $589 million. CryptoQuant says the outflow trend is generally bullish, but one big move doesn’t make a prophecy.
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Coinbase secured a $150,000 FOIA settlement from the SEC after missing Gensler text messages exposed shaky recordkeeping at the agency. Beyond the cash, the deal forces retention reforms — a bad look for a regulator that loves compliance lectures but tripped over its own paperwork.
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Coinbase is preparing to bring its “Everything Exchange” vision to Canada, bundling tokenized stocks, stablecoin payments, and more into one app. The move could modernize access to finance — but regulatory hurdles and product risks are still very real.
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The DOJ is moving to seize over $25 million in crypto tied to fake investment, romance, and recovery scams across the U.S. and Canada, aiming at the laundering networks behind them. It’s another reminder that in crypto crime, the real machine is what happens after the scam pitch.
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Bessent is pushing Congress to fast-track the CLARITY Act while Bitcoin ETFs keep racking up inflows and the BIS warns stablecoins could erode monetary sovereignty. The message is clear: crypto is moving into the real economy, but regulation, not hype, will decide what sticks.
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Russia has approved a tightly controlled crypto trading bill that would legalize licensed trading while capping retail purchases, forcing qualification tests, and cracking down on offshore exchanges. Crypto stays banned for everyday payments inside Russia.
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