SEC Closes Civil Fraud Case Against BitClout and DeSo Creator Nader Al-Naji, Dismissing with Prejudice
The SEC in 2024 had accused Al-Naji of allegedly spending more than $7 million of investor funds on personal expenses.
MEV Bot Generates $10 Million Amidst $50 Million Crypto Swap Mishap
Aave founder Stani Kulechov says a user confirmed a warning to proceed with the swap, despite “extraordinary slippage,” while a MEV bot also attacked the large transaction.
Democrats Vow to Monitor Alleged Department of Justice Investigation into Binance
Senators Chris Van Hollen, Elizabeth Warren and Ruben Gallego have vowed to ensure that the Justice Department “conducts a serious investigation into Binance.”
Senate Leader Predicts Delay in Clarity Act Progress Until After April According to Report
US Senate Majority Leader John Thune said he does not expect the bill to clear the Senate Banking Committee before April, Punchbowl reported.
US Treasury Targets Key Enablers of North Korea's IT Worker Fraud Syndicate with New Sanctions
Fraudulent tech workers with ties to North Korea target a range of industries, including blockchain companies, with schemes and infrastructure spreading worldwide.
SEC Developing Targeted Exemption for Tokenized Securities, According to Hester Peirce
The IAC said exemptions for tokenized securities should be applied on a 'rule-by-rule' basis rather than through a 'blanket' approach.
Trump Hosts Exclusive Gala for Memecoin Investors to Revitalize Token Value
Donald Trump is billed as the keynote speaker at an event in Florida for his top memecoin holders, which comes as the token hits an all-time low.
BlackRock Launches Ethereum ETF with Impressive $15.5 Million Trading Volume on First Day
The iShares Staked Ethereum Trust will distribute staking rewards on a monthly basis from institutional-grade Ethereum validators run by Figment, Galaxy Digital and Attestant.
US Prosecutors Advise Judge to Reject Sam Bankman-Fried's Request for Retrial, According to Reports
Prosecutors say testimony from two former FTX executives cited by the defense does not qualify as newly discovered evidence, Bloomberg reported.
Utah Plans to Ban Prediction Markets Amid Increasing State-Federal Tensions
CFTC Chair Michael Selig has said that the agency has authority over prediction markets like Kalshi and Polymarket and warned it will defend that jurisdiction in court if challenged.
JPMorgan Faces Lawsuit for Its Alleged Involvement in $328 Million Cryptocurrency Ponzi Scheme
Investors allege JPMorgan helped facilitate fund flows in a $328 million crypto Ponzi scheme, while a parallel federal case targets Goliath Ventures’ founder.
US Senate Leader Anticipates Market Structure Legislation Will Not Pass Before April, According to Report
Senator John Thune reportedly said that the chamber would prioritize the SAVE America Act before addressing a vote on bipartisan bills like crypto market structure.