US Sentences Indian National to Prison for $20M Crypto Laundering Scheme
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The U.S. sentenced an Indian cryptocurrency vendor to 121 months in prison for laundering over $20 million through darknet platforms and an international hawala network. Cryptocurrency Laundering Scheme Ends in Prison Sentence The U.S. Department of Justice (DOJ) announced on Jan. 17 that Anurag Pramod Murarka, a 30-year-old Indian national, has been sentenced to 121 […]

SEC Forms Task Force to Establish Clearer Crypto Regulations
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The SEC launches a groundbreaking crypto task force, aiming to replace reactive enforcement with clear, innovation-friendly regulations. Led by “Crypto Mom,” Hester Peirce, this initiative promises seismic shifts in the digital asset landscape. Clearer Crypto Guidelines Ahead as SEC Forms New Task Force: ‘The SEC Can Do Better’ The U.S. Securities and Exchange Commission (SEC) […]

Bank of America CEO Foresees Crypto Payment Boom With Clear Rules
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Bank of America’s CEO foresees a crypto payment revolution, emphasizing banks will aggressively adopt digital currencies once clear regulations unlock their transactional potential. Bank of America CEO Envisions a Crypto Payment Boom Fueled by Regulation Bank of America CEO Brian Moynihan has discussed the potential for cryptocurrency payments to gain traction in the banking sector, […]

Trump Appoints Crypto-Friendly Acting SEC Chair, Signaling Regulatory Shift
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President Trump’s appointment of Acting SEC Chair signals a pro-crypto shift, with promises of clearer regulations to foster innovation and economic growth. Acting SEC Chair Pushes for Clearer Crypto Regulation, Replacing Gensler’s Tough Stance President Donald Trump has appointed Mark T. Uyeda as Acting Chairman of the U.S. Securities and Exchange Commission (SEC), the agency […]

Promise Fulfilled: President Trump Issues Full Pardon to Silk Road Creator Ross Ulbricht
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Fulfilling one of his campaign promises, President Trump has issued a full pardon to Ross Ulbricht, creator and operator of Silk Road, one of the largest dark net markets ever created. Silk Road was one of the pioneering markets in the utilization and adoption of cryptocurrency. In truth Social, President Trump stated he called Ulbricht’s […]