RT Jake Chervinsky (@jchervinsky)Roman Storm was convicted for conspiracy to operate an unlicensed money transmitting business under Section 1960.The jury was deadlocked on money laundering and sanctions. DOJ will decide in the coming days if it wants to retry those charges in a new trial.A sad day for DeFi. ...

🚨 BREAKING: Roman Storm was found guilty of running an unlicensed money transfer business.Jury could not reach a verdict on money laundering or North Korea sanctions charges.Source: Inner City Press https://t.co/k19mlUBQoj ...

The Hong Kong Monetary Authority stated that, because the industry's current ongoing monitoring tools have not fully satisfied to effectively manage money laundering and financial crime risks, the identity of every compliant stablecoin holder in Hong Kong will initially be verified, and a real-name system will be temporarily adopted for stablecoin holders in Hong Kong. https://t.co/RUFAIiBDkZ ...

🇳🇿 INSIGHT: New Zealand bans all crypto ATMs to fight money laundering and drug trafficking. https://t.co/ADDpLCXySV ...

Crypto Industry & Political Influence - Crypto industry's political war chest stands at over $140 million, signaling significant influence in upcoming midterms [16] - In the last election cycle, the crypto industry outspent all other industries, including oil and gas, demonstrating its growing political power [17] - A lobbying group indicated its continued financial strength with $140 million available, implying potential influence on political decisions [18] - The industry spent $40 million to successfully replace a senator with a more pro-crypto candidate [18] Binance & Trump Family Crypto Venture - Binance, the world's largest crypto exchange, and its founder CZ, helped the Trump family create a crypto coin for World Liberty Financial [4] - CZ sought a pardon from President Trump after Binance assisted the Trump family's crypto venture [4] - World Liberty Financial raised $550 million, resulting in $400 million in fees for the Trump family [6] - Binance provided engineering support to World Liberty to create its first product, a stable coin called USD1 [9] - CZ previously pleaded guilty to enabling money laundering, and Binance paid a $4 billion fine [8][9] Stablecoins & Regulatory Concerns - A proposed bill, the Genius Act, could effectively legalize the current use of stable coins [10] - Concerns exist that stable coins are used for money laundering and are popular among criminals evading sanctions or involved in drug trafficking [11] - The proposed bill does not address money laundering concerns related to anonymous crypto wallets [12] - JP Morgan is entering the stable coin market despite the CEO's skepticism, suggesting a potential for profit even amidst uncertainty [13][14] - Stable coins may offer banks a way to boost profits and reduce compliance staff compared to traditional banking regulations [15]

You’ve never met a single human being that’s ever gotta rich off selling bitcoin because it doesn’t fucking exist.The only people buying bitcoin are rich people that don’t need to sell bitcoin.It’s the same money laundering scheme as NFT’s.None (@None):None ...

Fraudulent Activity - A crypto fraud ring was busted for laundering €460 million from over 5,000 victims [1] Law Enforcement - Europol coordinated the operation with the US, Estonia, and France [1] - Five arrests were made across Spain [1]