The CLARITY Act is getting jammed up in the Senate over a blunt question: who should enforce crypto ethics rules on senior officials — state attorneys general or the DOJ? With recess closing in, the fight is threatening to delay a bill meant to finally bring order to U.S. crypto regulation.
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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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A California man has been sentenced to 70 months in prison for laundering stolen crypto tied to a massive theft ring that allegedly siphoned about $263 million from victims, then blew the proceeds on Lamborghinis, Rolexes, real estate, and nightclub bills that scream “arrest me” in expensive fonts. Evan Tangeman, 22, sentenced to 70 months […]
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DOJ Crypto Conflict, DeepSnitch AI Presale Hype, and Altcoin Struggles: 2023 Updates A regulatory storm is brewing in Washington as U.S. senators confront a Department of Justice official over potential conflicts of interest tied to crypto holdings, while a new presale project, DeepSnitch AI, dangles promises of AI-driven innovation with questionable credibility. Meanwhile, altcoins like […]
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California Men Face Charges in $22 Million Cryptocurrency Scam In a shocking turn of events, two Californians, Gabriel Hay and Gavin Mayo, have been charged with orchestrating a massive cryptocurrency scam amounting to $22 million. Their alleged fraudulent activities centered around non-fungible tokens (NFTs) have raised serious concerns within both crypto and legal circles. If […]
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