Category: crypto

Crypto-backed political groups are increasing spending in US congressional primaries as digital asset policy becomes a key election issue. Fairshake-linked PACs supported candidates in various states, targeting lawmakers based on their crypto policy positions. The industry aims to influence Congress through campaign spending as voters cast ballots in key races.

Democratic lawmakers Bernie Sanders, Elizabeth Warren, and Bobby Scott are calling on the U.S. Labor Department to withdraw a proposal allowing cryptocurrencies and alternative investments in 401(k) retirement plans. They argue that this could expose savers to volatile assets and increase the risk of fraud, especially considering Trump administration involvement.

TapTools, a Cardano analytics platform, will be shutting down within two weeks due to the departure of its fifth senior executive this year. This follows recent closures in the Cardano ecosystem, including NFT marketplace JPG.Store, and governance disputes over treasury funding. Cardano founder Charles Hoskinson proposed a plan to support struggling projects, but it was…

UK Lords support strict stablecoin rules but warn that Bank of England’s proposed holding caps could hinder the growth of pound tokens. The UK is behind the US and EU in stablecoin regulation. The committee urges clear rules without stifling market entry. Coinbase’s Katie Harries emphasizes the need for proportionate regulations.

The U.S. Treasury has sanctioned four Iranian cryptocurrency exchanges, including Nobitex, and two senior executives under its Economic Fury campaign against Iran. Treasury accuses the platforms of helping sanctioned entities access the digital asset ecosystem. The latest action targets Nobitex, Wallex, Bitpin, and Ramzinex, with U.S. persons and businesses prohibited from providing services to these…

The Blockchain Association has garnered support from 160 former national security and law enforcement officials for the CLARITY Act, a crypto market structure bill awaiting consideration by the full U.S. Senate. The bill aims to enhance anti-money laundering measures, sanctions compliance, and information sharing in the digital asset sector, with former officials urging lawmakers to…

Microsoft has issued a warning about attackers hiding crypto-stealing malware in public npm packages, posing a risk to developers, crypto investors, and wallet users. The malware can steal crypto wallet credentials from devices by deploying RAT malware through compromised npm packages. Attackers used Hugging Face repos to move stolen data discreetly. This highlights the ongoing…

The SEC has unveiled a strategic plan for 2026-2030 focusing on digital assets, blockchain technology, and tokenization. It aims to provide regulatory clarity, support capital formation through tokenized offerings, and coordinate with the CFTC. Recent policy changes under Chair Paul Atkins include rescinding the “no-deny” settlement policy.

NewLimit, a biotech startup co-founded by Coinbase CEO Brian Armstrong, raised $435 million in Series C funding to move its first age-reprogramming drug towards human trials. The round was led by Founders Fund, with new investors joining. The company focuses on epigenetic reprogramming to treat age-related diseases and aims to bring longevity medicine to human…

Bitwise’s chief investment officer, Matt Hougan, notes that crypto is losing its momentum trading status as investors shift towards AI stocks. This shift is driven by a focus on fundamentals over market hype, with AI stocks gaining attention and capital flows. Despite the shift, Hougan believes that crypto is not disappearing but evolving to reward…