The next frontier for crypto innovation is clear: Decentralized physical infrastructure networks need a tailored legal framework to unlock their full potential. It’s time for lawmakers to provide regulatory clarity for DePIN. Source: cointelegraph.com (Read Full Article)
White House steps in to delay CFTC chair vote
A vote on prospective CFTC Chair Brian Quintenz was taken off the Senate Agriculture Committee’s agenda on Monday as the chamber heads into recess. Source: cointelegraph.com (Read Full Article)
‘A joke in poor taste’: Tornado Cash T-shirt stirs controversy in court
Both prosecutors and defense attorneys have made statements in court about a T-shirt Roman Storm wore at a 2019 Ethereum conference in Boston. Source: cointelegraph.com (Read Full Article)
SEC approves in-kind creations and redemptions for crypto ETPs
SEC Chair Paul Atkins said the new rules will make crypto exchange-traded products “less costly and more efficient.” Source: cointelegraph.com (Read Full Article)
US Senate bill seeks to include crypto in mortgage approval process
If passed, the legislation could give more weight to a US housing regulatory agency’s June order to consider certain digital assets for mortgage loan risk assessments. Source: cointelegraph.com (Read Full Article)
Key player in $13M crypto Ponzi scheme pleads guilty
Vincent Anthony Mazzotta Jr has pleaded guilty to money laundering and conspiracy to obstruct justice, which together carry a maximum of 15 years in prison. Source: cointelegraph.com (Read Full Article)
Bank of Korea to launch virtual asset committee to monitor crypto
The Bank of Korea has also renamed its CBDC research and development teams to reflect their focus as practical business departments. Source: cointelegraph.com (Read Full Article)
AML Bitcoin founder gets 7 years in prison for crypto fraud
Rowland Marcus Andrade was sentenced to seven years in prison for making the cryptocurrency AML Bitcoin, which defrauded investors out of $10 million. Source: cointelegraph.com (Read Full Article)
Indonesia raises taxes on crypto exchange sales and miners
Indonesia’s Finance Ministry raised taxes for crypto miners and sellers, while exempting some crypto transactions from VAT. Source: cointelegraph.com (Read Full Article)
US DOJ is not probing Dragonfly over Tornado Cash ties, exec says
The DOJ reportedly confirmed it is not targeting Dragonfly Ventures or its executives in the Tornado Cash case, despite earlier speculation and courtroom remarks. Source: cointelegraph.com (Read Full Article)