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Following its latest freeze of nearly $86K in stolen USDt, Tether’s enforcement capabilities are again in the spotlight — raising questions about centralized control in stablecoin ecosystems. Source: cointelegraph.com (Read Full Article)
Judge allows testimony on ‘feasible’ Tornado Cash code changes
The second week of the Roman Storm trial kicked off with Judge Katherine Failla allowing a witness to testify that Tornado Cash could have been modified to prevent criminal use. Source: cointelegraph.com (Read Full Article)
Crypto ATMs seized in the UK amid growing scrutiny of kiosk-based exchanges
Crypto ATM arrests in London come as US states like Wisconsin move to limit daily transactions and mandate fraud warnings. Source: cointelegraph.com (Read Full Article)
Republicans propose 7% leaner SEC budget compared to Biden’s era
House Republicans have proposed a plan to trim the SEC’s budget and cut enforcement funding for a Biden-era rule requiring public companies to quickly report cyberattacks. Source: cointelegraph.com (Read Full Article)
Western Union joins stablecoin race, eyes crypto partnerships: CEO
Western Union is exploring stablecoin integration for cross-border transfers, conversions and digital wallets, positioning it as an innovation opportunity. Source: cointelegraph.com (Read Full Article)
What does the US GENIUS Act mean for stablecoins?
The Genius Act is a US law aimed at establishing federal oversight for stablecoin issuers, setting rules for reserves, redemption rights, and licensing requirements. Source: cointelegraph.com (Read Full Article)
FBI ends probe of Kraken co-founder, returns confiscated devices — Report
The investigation was reportedly not connected to Jesse Powell’s activities within the crypto industry. Source: cointelegraph.com (Read Full Article)
US Senate Republicans release draft bill for crypto market structure
Republican leaders on the Senate Banking Committee said the legislation “built on” the CLARITY Act passed in the House of Representatives last week. Source: cointelegraph.com (Read Full Article)
Microsoft poaches Amar Subramanya, ex-head of Gemini at Google, as VP of AI
Microsoft has hired more than 20 artificial intelligence pros from Google’s DeepMind unit in the past six months, intensifying Silicon Valley’s escalating race for elite AI talent. The recruitment wave includes Amar Subramanya, former head of engineering for Google’s Gemini chatbot, who announced his move to Microsoft this week in a LinkedIn post. “The culture […] Source: cryptopolitan.com (Read Full Article)
Arthur Hayes says stablecoins will finance Trump’s 'fascist
The U.S. economy is being rebuilt for war, and Arthur Hayes says crypto will be footing the bill. Not Bitcoin. Not Ether. Stablecoins. As Trump prepares to flood the system with credit to prop up defense production, Arthur argues that the buyers of this new wave of debt won’t be boomers or Wall Street, it’ll […] Source: cryptopolitan.com (Read Full Article)