A sentencing recommendation said that Do Kwon had caused more losses than Sam Bankman-Fried, Alex Mashinsky and Karl Sebastian Greenwood combined.
Turner Wright
Turner Wright is a senior policy reporter at Cointelegraph, focusing on US laws and regulations related to digital assets. He writes features and news stories for the website and Cointelegraph Magazine, and is sometimes featured in one of the publication’s podcast series. He holds a bachelor’s degree in aerospace engineering from the University of Texas at Austin and started as a freelance journalist covering issues in Japan and around the world, joining the Cointelegraph team in 2020. Turner has no crypto holdings above Cointelegraph’s disclosure threshold of $1,000.
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US prosecutors request 12 years in prison for Terraform’s Do Kwon - News
Former Binance.US CEO launches stablecoin platform ahead of L1 network After securing $20 million in seed funding for the project in January, Brian Shroder announced a step toward 1Money’s planned stablecoin network.
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IMF lays out guidelines for addressing stablecoin risks, beyond regulations The fund identified “strong macro-policies and robust institutions” as a response to the potential risks of stablecoins, above a patchwork of global regulations.
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CFTC greenlights spot crypto trading on US exchanges Acting CFTC Chair Caroline Pham said the move was intended to drive trading activity to US exchanges, rather than offshore ones “that lack basic safeguards.”
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BlackRock’s Fink calls Bitcoin an ‘asset of fear,’ softens crypto stance Larry Fink spoke alongside Coinbase CEO Brian Armstrong, describing how BlackRock's stance on crypto had evolved over the previous eight years.
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Polymarket is opening US app to waitlisted users after CFTC green light Select users in the US will be among the first to access the predictions platform to bet on sports event contracts, following clearance from a financial regulator for a relaunch.
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Taiwan eyes 2026 stablecoin launch as crypto legislation advances: Report A Taiwan-issued stablecoin pegged to either the country’s dollar or the US dollar may enter the market in the second half of 2026.
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Group of EU banks pushes for euro-pegged stablecoin by 2027 The entity formed by 10 banks is working on obtaining regulatory approval from the Dutch Central Bank to launch a stablecoin “in the second half of 2026.”
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Lawmakers stumble on stablecoin terms as US Congress grills Fed’s Bowman Representative Stephen Lynch questioned Fed supervisor Michelle Bowman about her comments on digital assets at a November conference in Madrid.
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Atkins says SEC has ‘enough authority’ to drive crypto rules forward in 2026 Paul Atkins spoke from the NYSE on Tuesday, saying that the SEC planned to unveil an innovation exemption for crypto projects ” in a month or so.”
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Kalshi taps Solana to tokenize betting contracts: Report The move could challenge other prediction platforms by providing Kalshi users with greater anonymity through tokenized buys and sales on the Solana blockchain.
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Most of Coinbase’s 2025 law enforcement requests came from outside US Though the US dominated the number of requests from agencies in individual countries, Coinbase reported a modest increase in the overall number outside the country.
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Republicans urge action on market structure bill over debanking claims Republican leaders released a final staff report going over claims of debanking by federal regulators in what some have called "Operation Choke Point 2.0."
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Bitcoin shows ‘strong negative correlation’ with USDt activity: Glassnode A recent analysis shed light on a correlation between the world’s largest cryptocurrency and stablecoin by market capitalization.
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Grayscale files with SEC to convert Zcash Trust into spot ETF The fund, which could be listed on NYSE Arca, would be the first ETF tied to a privacy coin, following several other listings from Grayscale and asset managers.
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Robinhood moves into prediction markets with FTX-linked acquisition The deal for FTX-linked MIAXdx puts Robinhood and Susquehanna in direct competition with Kalshi and Polymarket as interest in prediction markets heats up.
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Acting CFTC chair seeks CEOs for ‘innovation council,’ citing crypto policy The US CFTC opened nominations for a CEO-led advisory group to help shape policy on crypto, prediction markets and other emerging products.
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South Africa’s central bank flags crypto, stablecoins as financial risk The bank cited increasing trading volume and the number of users at large exchanges, as well as gaps in South Africa’s regulatory framework on crypto.
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Polymarket wins regulatory approval to operate US trading platform The approval came as the US Senate is expected to vote soon on prospective CFTC chair Michael Selig as a replacement for acting Chair Caroline Pham.
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MoonPay secures New York trust charter, expands regulated services The regulatory approval followed the payments company obtaining a BitLicense from the NYDFS in June, making it one of a handful of crypto companies to have both.
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Japanese watchdog to require exchanges to hold liability reserves: Report An advisory body to Japan's FSA will release a report recommending that crypto companies hold reserves to compensate users for events such as hacks.
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XRP jumps 8% as Franklin Templeton, Grayscale ETFs begin trading The investment vehicle tied to XRP launched amid other offerings from Grayscale, Bitwise Asset Management and Canary Capital.
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Stand With Crypto to vet 2026 candidates on digital asset positions After the crypto industry’s success in influencing the 2024 US elections, the advocacy group announced plans to continue its efforts in the 2026 midterms.
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Coinbase ’doubles down’ on Solana with latest DEX acquisition The crypto exchange purchased Vector for an undisclosed amount, the latest acquisition by Coinbase in 2025 after Deribit, Echo and others.
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Ex-Coinbase lawyer announces run for New York attorney general, citing crypto policy Khurram Dara had hinted that he might try to unseat Attorney General Letitia James, claiming that she had engaged in “lawfare” against the crypto industry.
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Ex-prosecutor denies promising not to charge FTX executive’s partner One of the US attorneys behind the prosecution of former FTX executives testified as part of an evidentiary hearing exploring one of their plea deals.
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Prospective CFTC chair’s nomination advances through committee Acting CFTC Chair Caroline Pham may be one step closer to leaving the agency after the Senate Agriculture Committee advanced US President Donald Trump's pick to replace her.
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Advocacy groups urge Trump to intervene in the Roman Storm retrial Already convicted of one felony charge and facing a possible retrial on two others, the Tornado Cash co-founder’s future is uncertain.
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SEC enforcement actions dropped 30% under Paul Atkins: Report The transition from Gary Gensler to Paul Atkins led to a significant decline in enforcement cases across the board, including those involving crypto companies.
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Prospective CFTC chair addresses DeFi regulation at nomination hearing Michael Selig said he supported having a “cop on the beat” for digital asset markets and answered questions about how he would handle regulation as the sole CFTC commissioner.