US

California Assembly Passes Crypto Regulation Bill That Requires Bank-Issued Stablecoins
The Digital Financial Assets Law, which is similar to New York’s BitLicense, has been criticized by industry stakeholders.

FASB Crypto Accounting Review Won’t Include NFTs, Certain Stablecoins: Report
The accounting standards body outlined its criteria for crypto assets that would be covered by a forthcoming rule regarding companies and their digital assets.

British National Accused in OneCoin Scam Set to Face US Extradition: Report
Co-accused Robert McDonald avoided extradition on human rights grounds.

Crypto Exchange FTX's CEO Visited White House Amid Regulatory Fight
Sam Bankman-Fried and FTX’s regulatory team met with White House policy adviser Charlotte Butash in May.

Coinbase Wants You to Register to Vote (for Pro-Crypto Candidates)
The U.S.-based exchange’s newly launched crypto policy education initiative includes a voter registration tool.

Tether Sticks to Decision Not to Bar Tornado Cash Addresses
The stablecoin issuer sees a freeze of secondary Tornado Cash addresses as premature, and awaits more clarity from U.S. authorities.

Miami Trio Charged With Defrauding Banks and Crypto Exchange of Over $4M
The DOJ has been cracking down on crypto-related scams as lawmakers become more vocal about illicit activity in the space.

US Lawmaker Emmer Asks Treasury Department to Explain Tornado Cash Sanctions
Treasury's sanctions watchdog sanctioned Tornado Cash earlier this month on allegations it helped North Korea's Lazarus Group launder millions of stolen crypto funds.

Ex-OpenSea Executive Files to Dismiss DOJ Case Alleging NFT Insider Trading
Nathaniel Chastain's motion says NFTs cannot be classified as securities or commodities, a requirement for wire fraud charges.

FDIC Orders Crypto Exchange FTX US, 4 Others to Cease 'Misleading' Claims
The five companies "made false representations" suggesting crypto products might be FDIC-insured.

