Enforcement Actions

According to Carl Kennedy, a partner at New York law firm Katten Muchin Rosenman, the CFTC is likely too "short-staffed" to effectively regulate prediction market platforms like Kalshi and Polymarket. Speaking at a Tuesday hearing held by the US House Committee on Agriculture's Subcommittee on

The Digital Chamber filed a lawsuit Tuesday in an Illinois circuit court challenging the state's new law imposing a 0.2% tax on digital asset transactions. The complaint accuses Illinois of singling out digital assets by taxing them differently based on the underlying technology. The Digital Asset T

According to The Block, Trump approved ethics language on Monday that would prohibit federal officials, including members of Congress and the president, from issuing cryptocurrencies, with the Department of Justice set to enforce the provision. The enforcement delegation to the DOJ rather than

According to The Block, on Tuesday The Digital Chamber filed a complaint in Illinois circuit court challenging the state's newly enacted 0.2% tax on digital asset transactions. The tax, signed into law by Governor JB Pritzker last month, is scheduled to take effect in January 2027. TDC argues the t

House Agriculture Committee lawmakers held a digital assets subcommittee hearing Tuesday examining oversight of sports betting prediction markets, questioning whether existing laws and the Commodity Futures Trading Commission's resources adequately address the sector. The hearing focused on

The FBI arrested Zyarie Wilkins, a 21-year-old from North Lauderdale, Florida, for allegedly financing a scheme that embedded crypto-stealing malware inside eight video games distributed through Valve's Steam platform. Prosecutors say the operation infected approximately 8,000 devices and drained at

According to the federal complaint, the FBI arrested Zyaire Wilkins, 21, on July 15 for financing a scheme that embedded crypto-stealing malware into eight Steam games, infecting approximately 8,000 devices

According to Dawn news reported on Tuesday, Pakistan's Federal Investigation Agency (FIA) established a dedicated investigative unit to probe cryptocurrency-related financial fraud and cybercrime. The crypto investigation unit will handle cases involving digital asset misuse, while Pakistan's

Galaxy Digital is acquiring $60 million in Ripple shares as part of a U.S. Bankruptcy Court-approved sale of approximately $130 million in private Ripple equity held by Linqto, the bankrupt pre-IPO investment platform. The transaction, cleared under Linqto's Chapter 11 restructuring, allocates share

The Securities and Exchange Commission has filed partially settled charges against Zan Shaikh, a Florida resident, and his company Mining Automatic over an alleged crypto mining scheme that raised roughly $22 million from more than 380 investors. The agency alleges that Shaikh and Mining Automatic p

According to SEC charges filed recently, the Securities and Exchange Commission is pursuing enforcement action against Zan Shaikh, a Florida resident, and his company Mining Automatic over an alleged crypto mining scheme that raised approximately $22 million from over 380 investors. The SEC

According to Odaily, Movement Labs, the developer of the Movement blockchain, filed for Chapter 11 bankruptcy protection recently. The filing follows scrutiny over a market-making agreement that enabled rapid sales of 66 million MOVE tokens, triggering a sharp price decline, regulatory

According to statements from the U.S. Attorney's Office for the District of Columbia, on July 21, 2026, the office filed 5 civil forfeiture complaints seeking to seize over $25 million in cryptocurrency tied to international investment scams targeting U.S. and Canadian residents. The action is

According to CoinDesk, U.S. Treasury Secretary Bessent announced the freezing of a cryptocurrency wallet associated with Iran's Islamic Revolutionary Guard Corps (IRGC), with assets valued at approximately $130

According to ChainCatcher, India's Enforcement Directorate (ED) Bangalore division conducted raids on July 18-19 into a virtual asset over-the-counter fraud targeting foreign investors under provisions of the Prevention of Money Laundering Act (PMLA). The criminal network promoted discounted