Enforcement Actions

The Government Commission on Legislative Drafting has approved a bill establishing criminal liability for organizing the illegal circulation of digital currency if it causes major damage, a source familiar with the document told Interfax. The bill would add a new Article 171.7 to the Criminal Code of the Russian Federation. Penalties for the Illegal Circulation of Digital Currency Under the bill, organizing the illegal circulation of digital currency would be punishable by a fine of 100,000 to 3

According to CFTC Chair Michael Selig in a CNBC interview on October 7, only federally regulated crypto trading platforms can offer leveraged trading. "States can only provide money transmission services, and 100x leverage, common outside the U.S., has never been allowed in America and will not be p

Kalshi, a prediction market regulated by the Commodity Futures Trading Commission, lost a federal appeals court ruling on September 25, 2026, when the US Court of Appeals for the Sixth Circuit sided with Ohio and Tennessee. The ruling allows both states to enforce their gambling laws against Kalshi'

On September 25, 2026, the U.S. Court of Appeals for the Sixth Circuit ruled that Ohio and Tennessee can enforce their state gambling laws against Kalshi's sports-event contracts, rejecting the prediction market's argument that federal CFTC regulation preempts state oversight. The court found that K

Bitcoin Group SE announced on Oct. 6 that the German Federal Financial Supervisory Authority (BaFin) refused its subsidiary futurum bank AG's application for authorization as a crypto-asset service provider under Markets in Crypto-Assets Regulation (MiCA). The refusal stemmed from BaFin's

According to Decrypt, Conduit filed a lawsuit against Tether in U.S. federal court in New York on October 7, alleging the stablecoin issuer froze $2.76 million USDT in its treasury wallet on September 24, 2025, and has refused to unfreeze it for over a year. Conduit claims the wallet was created

According to Bitcoin.com News, on October 2, U.S. District Judge Martha M. Pacold ruled that Illinois' sports betting licensing requirements may be preempted by federal law, temporarily blocking the state from enforcing them against Kalshi. The injunction prevents Illinois from requiring Kalshi to o

According to Circle's official X post on October 5, USDC welcomed DJ Khaled to "team USDC" in a photo showing the rapper in a Chelsea jersey branded with "USDC by Circle," drawing immediate backlash from Crypto Twitter. The criticism stems from Khaled's undisclosed promotion of Centra's CTR token in

According to ChainCatcher, Bitcoin early contributor and cypherpunk Amir Taaki was expelled from Singapore after being questioned by local police for six hours regarding his work. The British-Iranian programmer shared on X that over the past year alone, he has been expelled from Argentina and

According to FinanceFeeds, on October 5, Conduit Technology filed a lawsuit against Tether in the U.S. District Court for the Southern District of New York over approximately $2.76 million in USDT frozen in its corporate treasury wallet for more than a year. Conduit alleges Tether froze the funds

Justin Sun, the creator of TRON and crypto billionaire, posted on X yesterday stating that his exchange Poloniex is now 'the world's only exchange used solely by the boss himself.' The statement appeared to acknowledge that

According to Protos, Justin Sun admitted on X yesterday that his exchange Poloniex generates nearly $1 billion in trading volume through self-trading by himself. Sun stated that Poloniex is now "the world's only exchange used solely by the boss himself." Creating such volume typically requires

Cross-border payments firm Conduit filed a lawsuit against USDT issuer Tether in the Southern District of New York on Monday, alleging Tether froze $2.76 million of Conduit's funds and has refused to release them or provide an explanation for more than a year. The freeze allegedly stems from a

According to ChainCatcher, cross-border payments company Conduit filed a lawsuit against stablecoin issuer Tether in the U.S. District Court for the Southern District of New York, claiming that Tether froze $2.76 million in USDT without explanation or justification. The funds have been locked for

Circle, the issuer of $74 billion stablecoin USDC, shared a promotional photo of music producer DJ Khaled wearing the new USDC-sponsored Chelsea FC shirt, with CEO Jeremy Allaire posting welcome to team USDC. The promotion comes despite Khaled's history of undisclosed crypto project promotion,

According to Crowdfund Insider, on October 2, the Independent Community Bankers of America (ICBA) filed a lawsuit against the Office of the Comptroller of the Currency (OCC) in U.S. District Court for the District of Columbia, alleging that the OCC exceeded its statutory authority by loosening

Adam Iza, a 26-year-old cryptocurrency businessman known as "The Godfather," was sentenced to 78 months in federal prison for orchestrating a scheme that defrauded Meta Platforms of more than $37 million, according to FinanceFeeds. U.S. District Judge Percy Anderson also ordered Iza to pay $23.4 mil

Better Markets, a nonprofit financial reform advocacy group, criticized the Commodity Futures Trading Commission (CFTC) on October 5 for proposing a framework to oversee retail cryptocurrency transactions. The group argues the CFTC lacks the investor protection mandate held by the Securities and

According to Better Markets, on October 5 the CFTC sought public comment on a proposed framework for retail crypto transactions. The nonprofit financial reform advocacy group called the CFTC the wrong agency for the role, arguing retail investors would receive weaker protections than under SEC

According to ZachXBT, the blockchain investigator infiltrated a Chinese organized crime network on Oct. 5 that handled more than $1 billion in cryptocurrency linked to North Korean hacking group Lazarus, spending $349,700 of his own USDC to pose as a customer and gather intelligence on stolen fund m