Tether , the issuer of the world’s largest stablecoin, announced Friday the appointment of Jesse Spiro as head of government affairs. In this role, Spiro will be responsible for leading policy and engagement efforts with lawmakers, regulators and key stakeholders. Spiro brings over six years of experience in government and…
Ethereum Foundation researcher Danny Ryan is stepping away from the Ethereum ecosystem after seven years of contributions. Ryan attributes his departure to personal reasons and to create room for other opportunities, according to a Friday post on GitHub. He added that his reason for leaving is “not a reflection of…
The U.S. government is quietly pressuring Nigeria to release Tigran Gambaryan, a Binance executive detained in the country since February. Gambaryan has reportedly faced serious health issues while in custody, prompting calls for his release on humanitarian grounds. Humanitarian Concerns According to a New York Times report, two anonymous senior…
Consumer protection group Consumers’ Research released a report criticizing the lack of transparency around stablecoin issuer Tether’s U.S. dollar reserves and calling it a “disaster for consumers waiting to happen.” The report claims the main issue is Tether’s lack of a full audit from a reputable accounting firm of the…
In a decisive move, the Internal Revenue Service and Federal Police of Brazil seized around $1.6 billion worth of crypto and fiat. Both organizations launched an operation called Niflheim to dismantle a large scheme involving money laundering, tax evasion and cryptocurrency fraud. This joint operation targeted multiple cities of Brazil…
The Commodity Futures Trading Commission (CFTC) has joined forces with federal and private organizations to combat the surge in crypto scams known as “pig butchering,” according to a Sept. 11 press release. According to the agency, these scams have led to billions in losses due to the lack of awareness…
The Solana staking marketplace Marinade has hired Hadley Stern, former president of Fidelity Digital Asset Services, as its chief commercial officer. Stern will lead efforts to strengthen Marinade’s staking solution and its position in the digital asset industry, according to a release shared with The Block. Stern served as the…
Ripple Labs’ Chief Legal Officer, Stuart Alderoty, has slammed U.S. regulators for unfairly targeting the cryptocurrency industry in money laundering investigations while allowing traditional banks to slip under the radar. In a recent X post, Alderoty pointed to the New York Federal Reserve’s reported role in enabling large-scale illicit transfers,…
Tron, Tether and the blockchain intelligence firm, TRM Labs, appears in the T3 Financial Crime Unit (T3 FCU) that aims to address an increased rate of criminal activities associated with the USDT in the TRON ecosystem. The task force will target criminal use of the USDT, Tether for scams, frauds…
The Donald Trump-themed meme coin MAGA (TRUMP) has tanked 15% over the past 12 hours following a less than convincing performance in the presidential debate held on Sept. 10. TRUMP hit an intraday high of $3.42 before his showdown with Democrat rival Kamala Harris. However, it dumped to $2.89 as…