Trump’s crypto orbit is gaining real institutional power, from SEC and CFTC policy shifts to World Liberty Financial’s preliminary bank approval — but the optics are ugly, with favoritism, conflicts, and political baggage hanging over the whole push.
Read Full Article
U.S. authorities seized a Huione-linked cloud account as part of a broader crackdown on an alleged $4 billion crypto laundering network tied to scams, cybercrime, and fraud proceeds. The move targets the plumbing behind the racket, not just the wallets.
Read Full Article
The U.S. has sanctioned Cambodia-linked Prince Group over alleged crypto fraud, money laundering, and forced labor tied to scam compounds. Officials say the network ran “pig butchering” schemes that helped steal billions and trap trafficked workers.
Read Full Article
U.S. stablecoin regulation is moving from theory to enforcement, and issuers are about to find out what “federal oversight” actually means. June 9, 2026 is the public comment deadline for FinCEN and OFAC’s proposed stablecoin rules Permitted payment stablecoin issuers would be treated like financial institutions under the Bank Secrecy Act AML controls, sanctions screening, […]
Read Full Article
FinCEN Hammers Paxful with $3.5M Fine Over $500M in Illicit Crypto Trades The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has slapped a $3.5 million penalty on Paxful, a peer-to-peer cryptocurrency marketplace, for deliberately enabling over $500 million in suspicious transactions linked to criminal activities and sanctioned regions like Iran, North Korea, and Venezuela. This […]
Read Full Article
Bitcoin Laundering: The Case of Trung Nguyen and the Regulatory Tightrope Trung Nguyen, known as “DCS420,” was sentenced to six years in prison for laundering over $1 million through Bitcoin via an unlicensed business, highlighting the challenges of cryptocurrency regulation. 6-year sentence for Trung Nguyen Over $1 million laundered through Bitcoin National Vending: unlicensed and […]
Read Full Article
Prosecutors Defend Withholding FinCEN Opinion in Tornado Cash Case Federal prosecutors are standing firm on their decision not to disclose a Financial Crimes Enforcement Network (FinCEN) opinion in the legal battle against Tornado Cash developer Roman Storm, igniting a massive debate over potential Brady violations and the murky waters of cryptocurrency regulation. Allegations of Brady […]
Read Full Article
Samourai Wallet Co-Founders Accuse US Authorities of Concealing Legal Advice Samourai Wallet’s co-founders, Keonne Rodriguez and William Hill, have leveled serious accusations against US federal prosecutors, alleging the concealment of a crucial legal opinion for over a year. This opinion from the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) reportedly stated that Samourai Wallet, a […]
Read Full Article