Political Influence in Crypto Exchange Competition South Korean authorities are looking into allegations that a senior lawmaker used his position to target cryptocurrency exchange Upbit. The investigation centers on Kim Byung-kee, a member of the ruling Democratic Party of Korea, who allegedly began attacking Upbit after his son secured employment at rival platform Bithumb. Kim,…
Federal Bitcoin Sale Sparks Legal Questions Federal prosecutors in the Southern District of New York, along with the Department of Justice, are facing some serious questions right now. They’re accused of selling millions of dollars in seized Bitcoin, and this move might have directly violated an Executive Order from former President Donald Trump. It’s about…
SEC Commissioner’s departure shifts regulatory landscape Caroline Crenshaw, the SEC commissioner known for her cautious approach to cryptocurrency regulation, is leaving the agency this week. She served more than five years on the commission, and her departure comes after her bid for a second term failed in late 2024. The Senate Banking Committee scrapped a…
Lawmaker warns of regulatory threats to financial freedom Rep. Warren Davidson has raised serious concerns about the direction of US cryptocurrency policy, suggesting that recent legislative moves are undermining the very foundations of Bitcoin’s original purpose. In a year-end post, the congressman argued that regulations like the GENIUS Act and the pending CLARITY Act are…
Phishing scheme targets Coinbase users A 23-year-old Brooklyn resident faces serious charges after allegedly stealing $16 million from about 100 Coinbase users. Ronald Spektor, who prosecutors say used the online alias “lolimfeelingevil,” ran a phishing and social engineering operation that convinced people to send cryptocurrency to accounts he controlled. According to authorities, Spektor pretended to…
An Unlikely Crypto Champion Emerges at the CFTC Caroline Pham wasn’t supposed to be a permanent fixture at the U.S. Commodity Futures Trading Commission. Appointed as acting chairman during a transitional period, she could have easily kept the seat warm for a more permanent successor. But that’s not what happened. Instead, Pham, a former senior…
Regulatory deadline passes without stablecoin proposal South Korea’s Financial Services Commission missed a December 10 deadline to submit a draft stablecoin bill. The regulator said it needed more time to coordinate positions with other agencies. This delay comes as lawmakers and financial authorities continue to debate fundamental questions about who should be allowed to issue…
Political Figures Lead Crypto Influence Rankings CoinDesk released its annual Most Influential list this week, and the results show something interesting. For 2025, policymakers—especially American ones—took center stage. U.S. President Donald Trump topped the list as the first individual recognized, which makes sense when you think about it. He’s signed executive orders, pushed Congress on…
Polish government pushes crypto legislation despite presidential veto Poland’s government has reintroduced a cryptocurrency bill that President Karol Nawrocki vetoed just last week. Prime Minister Donald Tusk is now urging the president to sign the legislation, citing what officials describe as national security threats linked to Russia and other former Soviet states. The bill, formally…
