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As comprehensive US crypto legislation falters in Congress, President Trump's regulators are moving to establish favorable policies. However, industry experts warn that executive-level rules lack permanence and could be dismantled by future administrations opposed to digital assets.
The cryptocurrency industry is channelling nearly $200 million into US midterm elections through political action committees, backing candidates who support crypto-friendly legislation and regulatory frameworks.
A security vulnerability in Coinkite's Coldcard hardware wallets has enabled attackers to siphon approximately US$86 million in Bitcoin from over 4,500 users. The flaw undermines the fundamental safety promise of offline cryptocurrency storage.
US authorities warn of a coordinated scam where criminals pose as IRS agents, sending official-looking letters with QR codes to lure cryptocurrency holders into entering personal information on fake government websites.
The US Securities and Exchange Commission has resolved a Freedom of Information Act dispute with Coinbase by agreeing to pay $150,000 and overhaul its record-retention procedures, according to the crypto exchange's chief legal officer.