NYAG Letitia James urged Congress to tighten a crypto bill, warning that it would weaken states' ability to police the industry.
For the most part, China prohibits crypto trading and services while authorities actively investigate and prosecute crimes.
The operation uncovered a crypto laundering network using cross-chain swaps to obscure funds, with one wallet processing $122.5M in 10 months.
Last year, FinCEN designated Huione Group as a primary money laundering concern under the USA Patriot Act.
The DeFi Education Fund launched a cybersecurity coalition as part of an effort to bolster itself against bad actors across the blockchain.
The linked criminal group allegedly distributed a scam token under the name "zksync.jp" to deceive crypto users worldwide, with losses of over $1 million.
India's Directorate of Enforcement charged Chirag Tomar and associates over an alleged $20 million Coinbase spoofing scheme.
DOJ charges two men over alleged AudiA6 crypto laundering service tied to more than $389 million in transactions.
Bank of America is expanding its global payments strategy with a renewed focus on enhancing cross-border transaction capabilities, highlighting the growing importance of efficient international money movement in modern finance. Being one of the world’s largest financial institutions and a company frequently associated with discussions surrounding Ripple and payment innovation, Bank of America’s latest initiative underscores the continued evolution of global settlement infrastructure. Ripple Gains Institutional Momentum Through Major Banking Alliance Ripple partner Bank of America is preparing to launch a new cross-border payments service that incorporates SWIFT. An analyst known as SMQKE on X noted that rather than replacing legacy systems outright, banks are increasingly adopting hybrid payment models that use both Ripple and SWIFT for global transactions. This dual-framework approach is practical for banks because RippleNet can integrate into existing banking infrastructure just like a traditional payment system. Related Reading: Ripple Partner Thunes Unveils Development That Could Strengthen XRP’s Global Payment Narrative SMQKE argues that this Ripple’s partnership with Bank of America can create a pathway for XRP to access the bank’s extensive global payment network. As a result of that move, banks can maintain SWIFT connectivity for global reach while leveraging XRP through RippleNet as a source of on-demand liquidity. However, Bank of America’s new cross-border real-time payment service in this hybrid model will further strengthen the foundation for XRP integration into the bank’s core payment infrastructure. Institutional Compliance Remains A Key Advantage For XRP Ledger The claim that XRP is unstable for tokenization is technically unfounded. Crypto analyst CharuSan has pointed out that with its institutional-grade compliance features, built-in security architecture, and deep liquidity capabilities, the XRP Ledger stands out as one of the most suitable and secure networks for tokenization in the current market. Related Reading: Ripple’s Eyes $5 Trillion Master Account, What This Would Mean For XRP Unlike the Ethereum network, where external smart contract codes, such as ERC-20, must be written to tokenize an asset. In XRPL, the tokenization process is embedded directly into the core code of the network’s Native Issued Assets. This eliminates the need to custom smart contract code, which is often a major source of vulnerabilities, exploits, and cyberattacks. According to CharuSan, by embedding tokenization at the protocol level, XRPL enables real-world assets like real estate, stocks, and bonds to be issued and transferred securely within seconds, without exposing institutions to smart contract risk. Additionally, regulatory compliance remains a critical requirement for institutional adoption. Wall Street and institutional banks must enforce strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations standards, including control over who can hold tokenized assets. XRPL addresses this natively by allowing issuers to restrict access and freeze suspicious accounts when necessary, to ensure that only authorized participants can receive this token at the protocol level. Featured image from Medium, chart from Tradingview.com
A new cryptocurrency-focused PAC has emerged, this time with an exclusive focus on software developers as midterm elections quickly approach.
The SEC alleges Fuller spent misappropriated funds on a roughly $1 million house, gambling, trading cards, travel and a Jeep.
OFAC sanctioned a Sinaloa Cartel-linked cash-to-crypto network accused of laundering fentanyl proceeds through cryptocurrency transfers.
With the US Digital Asset CLARITY Act inching closer to becoming law, many investors and supporters are eager to know how it could shake things up for XRP. A crypto analyst has broken down the specific sections of the bill that could directly impact XRP, Ripple, and its stablecoin RLUSD. These key parts touch on XRP’s status as a commodity, its role in banking infrastructure, and potential yield opportunities for investors. What The CLARITY Act Means For XRP In a recent X post, pseudonymous crypto analyst @Whiplash437 outlined the exact sections of the CLARITY Act that could have the biggest impact on XRP. He started with Section 105, which defines digital assets and supports classifying blockchain-based cryptocurrencies as commodities. Related Reading: The CLARITY Act Is Not The Only Win For XRP, Here Are Other Wins For Ripple According to the analyst, this section matters because it could pull cryptocurrencies out from under the tight, strict grip of the Securities and Exchange Commission (SEC) and place them firmly under the jurisdiction of the Commodity Futures Trading Commission (CFTC). @Whiplash437 noted that Section 105 could build a legal shield around XRP by turning Judge Analisa Torres’ earlier ruling, that XRP’s secondary market sales are not securities, into permanent federal law. He then moved on to Section 110, which requires digital commodity exchanges, dealers, and brokers to register for Anti-Money Laundering (AML) purposes and comply with the Bank Secrecy Act (BSA). The section also introduces the concept of “mature blockchains,” a classification that would fall under CFTC oversight. @Whiplash437 described this part of the bill as a test, noting that the XRP Ledger (XRPL) has already passed the mature blockchain criteria. He touted the blockchain’s growth, noting that XRPL has had 13 years of zero downtime, executed over 90 million transitions, and boasts globally placed decentralized validators. The analyst also said that this section would officially qualify XRP as a digital commodity under the CFTC. How The Bill Could Affect Ripple And RLUSD Beyond XRP, @Whiplash437 also highlighted sections of the CLARITY Act that could be a big win for Ripple and RLUSD once the bill is passed. He pointed to Section 401, which focuses on how financial institutions handle digital assets. Related Reading: Bitcoin And XRP Climb On CLARITY Act News—But Clear Path To Law Isn’t Done Yet Under this section, the analyst said US banks, credit unions, and financial holding companies would be allowed to use digital assets for payments, custody, clearing, and settlement. He also noted that this part of the bill will effectively unlock the entire American banking sector to Ripple’s infrastructure and the XRP Ledger. Finally, @Whiplash437 also flagged Section 404, which bans yield payments on just holding stablecoins. The analyst stated that despite the restriction, the bill still allows crypto users to earn activity-based rewards through staking, governance, and loyalty programs. He believes this policy will play a key role in shaping how RLUSD is offered across the US markets. Featured image from Freepik, chart from Tradingview.com
Reuters found that hundreds of millions of dollars in transactions tied to sanctioned Iranian state entities have moved through Nobitex since 2018.
A US court sentenced Maximilien de Hoop Cartier to 8 years for operating an unlicensed crypto exchange that laundered more than $470 million.
The Lamborghini-laden money laundering operation was "built on greed so brazen it borders on the cartoonish," according to prosecutors.
The move comes a day after Tether froze $344 million worth of USDT, which has now been linked to Iran, CNN reported.
The Financial Conduct Authority said it has carried out its first operation targeting illegal peer-to-peer crypto trading in the UK.
DOJ opened a compensation process for OneCoin victims, offering more than $40 million from the $4 billion fraud.
Crypto exchange Coinone has been fined $3.5 million and hit with a three-month partial suspension over AML violations in South Korea.
The U.S. Treasury's sanctions agency and its financial crimes bureau released a joint rule proposal for stablecoin issuers.
Officials said the measures aim to target the financial infrastructure behind scams, including platforms used to sell stolen data.
UK lawmakers call for immediate ban on crypto political donations, citing high risks and proposing binding moratorium.
U.S Treasury sanctioned DPRK IT facilitators linked to crypto laundering networks that generated nearly $800 million for Pyongyang in 2024.
The court ordered plaintiffs to file a revised complaint that clearly links defendants’ conduct to the injuries claimed in the lawsuit.
JPMorgan allegedly served as the “exclusive vehicle” for a $328 million crypto Ponzi, funneling $253 million into Goliath Ventures.
Pakistan passed the Virtual Assets Act, establishing a statutory digital asset regulator and introducing criminal penalties nationwide.
The complaint centers on custody disclosures tied to bankruptcy risk, whether Coinbase listed tokens that could be securities and deficiencies in the company’s AML program.
U.S. officials said they froze and seized roughly $580 million in cryptocurrency linked to Chinese scam networks targeting Americans.
Australian police have charged a 42-year-old man over his role in an alleged $3.5 million crypto scam targeting 190 elderly victims.