Paxful Pleads Guilty to Aiding Crime, Ignoring AML Laws
The DOJ said the firm knowingly facilitated illicit trades tied to sex work, sanctions evasion, and fraud, earning millions in fees while ignoring U.S. law.
Federal Reserve Cuts Rates 25 Basis Points, as Expected
The anticipated move comes as policymakers are still operating without several key economic data releases that remain delayed or suspended due to the U.S. government shutdown.
Strategy Pushes Back on MSCI’s Digital Asset Exclusion Proposal
Michale Saylor and team urged MSCI to maintain neutral index standards after a plan to exclude firms with significant digital asset holdings.
Most Influential: The Lazarus Group
The crypto industry’s most notorious hackers continue to break records, highlighting the importance of taking every step possible to secure wallets.
Most Influential: Cameron and Tyler Winklevoss
The U.S. President’s choice to run the CFTC seemed set to sail through Congress, until Tyler and Cameron Winklevoss stepped in.
40% of Canadian Crypto Users Flagged for Tax Evasion Risk, Canadian Tax Authority Reveals
Canada’s tax agency says legal gaps limit its ability to track crypto-related income as it recovers $100 million through audits and pushes for tighter regulation.
State of Crypto: Wrapping Up the Month
Congress continues to make progress on crypto issues but things are moving slowly.
Euro Stablecoin Market Cap Doubles in Year After MiCA, Study Finds
Prior to MiCA, euro-denominated stablecoins’ market cap contracted by 48% in the year leading up to June 2024.
New IMF Report Warns of Stablecoin Risk, Sparking Criticism From Experts
The IMF released a report that campaigns in favor of CBDCs and warns against the risk stablecoins represent, sparking criticism among crypto experts.
Trump’s National Security Strategy Gives Reality Check to Crypto’s Low Interest Rate Obsession
The White House’s new National Security Strategy emphasizes increased global fiscal expansion and military spending.