Tag: Crypto regulation
The U.S. Department of the Treasury has moved to sever crypto exchange MEXC Global from the American financial system after alleging the platform facilitated at least $16 billion in illicit transactions, according to an official Treasury press release.
On Friday, November 6, 2026, the Financial Crimes Enforcement Network (FinCEN) issued an order under section 9714(a) of the Combating Russian Money Laundering Act as part of Operation Economic...
Bitcoin Rebounds Above $80,000 as Democrats Sweep Midterms, Clouding CLARITY Act Outlook
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Bitcoin rebounded above $80,000 after briefly falling to a seven-week low near $75,600 as Democrats swept the U.S. midterm elections.
Democrats secured control of both the House and Senate, with Sen. Elizabeth Warren expected to chair the Senate Banking Committee, further jeopardizing the CLARITY Act that failed a 49-50 procedural vote in September.
Crypto industry PACs spent roughly $176-200 million this cycle, including more than $60...
Block Shares Rise on Raised Profit Outlook as Firm Details $764M DOJ AML Settlement
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Block reported Q3 net income of $566 million, up from $462 million a year earlier, and raised its full-year 2026 gross profit outlook to $12.63 billion.
Shares of XYZ rose about 6% in after-hours trading following the results and guidance raise.
The company disclosed an agreement in principle for a $764 million net settlement with the DOJ over anti-money-laundering program deficiencies.
Bitcoin ecosystem gross profit fell 50% year-over-year...
Utah Files Criminal Charges Against Kalshi and Co-Founders Over Alleged Illegal Gambling
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Utah has escalated its confrontation with prediction market platform Kalshi by filing criminal charges against the company and its co-founders, marking a sharp intensification of the nationwide dispute over whether event contracts constitute regulated derivatives or illegal gambling.
Attorney General Derek Brown charged KalshiEx LLC, CEO Tarek Mansour, and COO Luana Lopes Lara with one count of pattern of unlawful activity (a second-degree...
Ripple Gains Final OCC Approval for National Trust Bank to Oversee RLUSD Reserves
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Ripple received final approval from the OCC on October 26, 2026, to charter Ripple National Trust Bank following conditional approval in December 2025.
The bank will manage segregated RLUSD reserves, act as collateral trustee for holders, and provide fiduciary digital asset custody, while issuance remains with a NYDFS-regulated entity.
RLUSD, launched in December 2024, has grown to a market capitalization of approximately $2.5 billion.
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