My Big Coin Scam: Operators Fined $25.8 Million for Crypto Fraud
A Massachusetts court has ordered the operators of the now-defunct cryptocurrency project My Big Coin to pay a hefty $25.8 million in penalties after being found guilty of running a fraudulent crypto scheme. The decision, made on behalf of the Commodity Futures Trading Commission (CFTC), brings to light one of
Senate Stalls Stablecoin Bill, But Talks Continue
As U.S. lawmakers scramble to regulate crypto in 2025, a pivotal piece of legislation—the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act—has hit an unexpected snag in the Senate. But despite a failed vote, political insiders and stakeholders say this bill isn’t dead—it’s simply delayed. With a bipartisan
CFTC Eyes Stablecoin-Backed Tokenization Pilot
The U.S. Commodity Futures Trading Commission (CFTC) is advancing a pilot program exploring stablecoin-backed tokenization as collateral in financial markets. Acting Chairman Caroline Pham, a key advocate of regulatory innovation, is hosting a CEO summit with major digital asset firms to discuss the initiative. A Push for Tokenized Collateral Caroline