RegulationNew York AG Secures $5M From Uphold Over CredEarn Fraud
NY AG Letitia James secured a $5M settlement from Uphold for promoting CredEarn, a crypto savings product with false insurance claims and hidden risks.
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RegulationReuters Investigation: Nobitex Founders Tied to Iran Supreme Leader's Family
Reuters: Iran's largest crypto exchange Nobitex was founded by Kharrazi brothers linked to Supreme Leader Khamenei. US seized $500M in Iranian crypto.
RegulationCLARITY Act: US Senators Finalize Stablecoin Yield Rules
Section 404 of the CLARITY Act bans stablecoin yield for mere holding but allows rewards for real platform usage. Senate Banking markup expected May 11.
RegulationUS Seized $500M in Iranian Crypto Assets
Treasury Secretary Scott Bessent confirmed the US seized nearly $500M in Iranian crypto assets. Tether froze $344M in USDT at OFAC's request.
RegulationCelsius Founder Mashinsky Settles FTC Case for $10M
Celsius founder Alex Mashinsky will pay the FTC $10 million and faces a lifetime ban on financial promotions. The $4.72 billion judgment is suspended.
RegulationBrazil Bans Kalshi, Polymarket and 25 Other Prediction Platforms
Brazil blocked 27 prediction market platforms including Kalshi and Polymarket. A new CMN resolution classifies sports and politics contracts as gambling.
RegulationTennessee Outlaws Bitcoin ATMs: Second US State Criminalizes Crypto Machines
Tennessee became the second US state after Indiana to make owning or operating Bitcoin ATMs a criminal offense. 651 machines now face removal across the state.
RegulationUS Soldier Charged Over $409K Polymarket Bet on Maduro Raid
US Army soldier Gannon Van Dyke made $409K betting on Maduro's capture on Polymarket using classified military intelligence. DOJ filed 5 federal charges.
RegulationSEC Nears First Onchain Clearance for Tokenized Securities
SEC Chair Paul Atkins says the agency is close to releasing an innovation exemption allowing compliant onchain trading of tokenized securities.