Six Arrested in France Over Crypto-Linked Kidnapping

The U.S. Department of Justice will re-examine Tornado Cash co-founder Roman Storm this fall.

According to Amanda Tuminelli, Chief Legal Officer of the DeFi Education Fund, the U.S. Department of Justice will re-examine Tornado Cash co-founder Roman Storm in the fall. In the first trial, the jury did not reach a consensus on money laundering and sanctions charges, only ruling that he operated an unlicensed remittance business. Despite errors by the prosecution in the first trial, they still decided to re-try some of the charges.

U.S. CFTC Chair Outlines Future Priorities: Clarifying Crypto Regulations, Ending Regulatory Disputes with SEC, and More

CFTC Chairman Mike Selig stated at the conference that the United States is experiencing a technological revolution driven by AI and blockchain, emphasizing the need to adjust the regulatory framework to adapt to changes. Key areas include derivatives market regulation, addressing legacy issues in legislation, clarifying the classification of crypto contracts, and prioritizing agricultural and energy needs.

Supreme People's Procuratorate Work Report: 3,259 People Prosecuted for Money Laundering Crimes Using Virtual Currency Starting in 2025

Gate News Announcement, March 10th, Prosecutor General Yin Yong of the Supreme People's Procuratorate delivered the work report of the Supreme People's Procuratorate to the Fourth Session of the 14th National People's Congress. The report states that by 2025, efforts to combat money laundering will be intensified, with 3,259 people prosecuted for crimes involving virtual currencies, underground banks, and other methods of money laundering. Additionally, law enforcement will crack down on telecom and online fraud crimes, with 69,000 people prosecuted.

U.S. banking industry plans to sue OCC over blocking crypto licenses, BPI says regulatory rules are being distorted

The US banking industry is considering filing a lawsuit against the Office of the Comptroller of the Currency (OCC) because the OCC has granted national trust bank charters to cryptocurrency and fintech companies. BPI believes this move is illegal and has led to regulatory unfairness. Opposing voices include the Banking Association and state regulators, who argue that this measure could bypass traditional regulation. The OCC has approved licenses for multiple crypto companies, but this has sparked controversy, especially with applications from companies related to the Trump family drawing congressional scrutiny. If the lawsuit succeeds, it could impact the compliance status of crypto companies and the regulatory framework.

Moldova investigates cases of cryptocurrency interference in parliamentary elections involving a total of $107 million

Moldova's National Anti-Corruption Center has disclosed a plan to influence the 2025 parliamentary elections using cryptocurrency, involving a total amount of $107 million. The funds are transferred through non-custodial crypto wallets to intermediaries, who then exchange them for cash to bribe voters and promote candidates. The source of the funds is mainly from crypto platforms in Russia and Kyrgyzstan.

"Chubby Penguin" enters physical retail, sparking a lawsuit! The 70-year-old clothing brand files a furious "trademark infringement" lawsuit

The trademark licensing company PEI Licensing, which represents the American apparel brand Original Penguin, has filed a lawsuit against the NFT project Pudgy Penguins, accusing it of unauthorized use of the "Penguin" trademark, causing market confusion. PEI believes this has damaged the brand's reputation and is demanding an end to the infringement. Pudgy Penguins stated that their market positioning differs from that of Original Penguin and rebutted the allegations. This case highlights the intellectual property challenges faced by NFT brands in expanding into physical merchandise.