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➢ 𝗨.𝗦. 𝗧𝗿𝗲𝗮𝘀𝘂𝗿𝘆 𝗟𝗶𝗳𝘁𝘀 𝗦𝗮𝗻𝗰𝘁𝗶𝗼𝗻𝘀 𝗼𝗻 𝗧𝗼𝗿𝗻𝗮𝗱𝗼 𝗖𝗮𝘀𝗵:
The U.S. Treasury Department has delisted Tornado Cash, a cryptocurrency mixer that was earlier accused of being used for money laundering, from sanctions. Sanctioned in 2022 for the alleged laundering of more than $7 billion, including funds from North Korean hackers, the Treasury's latest move comes following legal opposition and a review of policy implications. Even after delisting, Treasury Secretary Scott Bessent reiterated concerns about North Korea's cyber activities and the need for protecting the digital asset space.
➢ 𝗣𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁 𝗧𝗿𝘂𝗺𝗽 𝗣𝗹𝗲𝗱𝗴𝗲𝘀 𝘁𝗼 𝗠𝗮𝗸𝗲 𝗨.𝗦. 𝗮 𝗖𝗿𝘆𝗽𝘁𝗼𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗟𝗲𝗮𝗱𝗲𝗿:
During a pre-recorded speech at the Blockworks Digital Assets Summit in New York, President Donald Trump revealed that there are plans to make America the world's leading hub for Bitcoin and cryptocurrencies. He deplored the last administration's limiting approach towards digital assets and stated plans to introduce transparent guidelines for stablecoins and market designs. Trump also suggested that strategic assets such as a Bitcoin Reserve, similar to a virtual Fort Knox, be created to enhance the country's holdings of cryptocurrency.
➢ 𝗖𝗿𝘆𝗽𝘁𝗼-𝗙𝗿𝗶𝗲𝗻𝗱𝗹𝘆 𝗕𝗮𝗿 '𝗣𝘂𝗯𝗸𝗲𝘆' 𝗘𝘅𝗽𝗮𝗻𝗱𝘀 𝘁𝗼 𝗪𝗮𝘀𝗵𝗶𝗻𝗴𝘁𝗼𝗻, 𝗗.𝗖:
Pubkey, a pub famous for taking Bitcoin payments, is opening a new outlet in Washington, D.C., taking over the popular Republican staffer bar, Hill Country. Pubkey was originally opened in New York City in 2022. Pubkey made the headlines when President Trump made use of Bitcoin to purchase burgers for the people during his campaign, which was the first presidential Bitcoin transaction. The Washington venue seeks to bring in a bipartisan audience engaged in Bitcoin discourse, mirroring the increased political power of the Bitcoin community.
➢ 𝗠𝗼𝗻𝗲𝘆 𝗟𝗮𝘂𝗻𝗱𝗲𝗿𝗶𝗻𝗴 𝗖𝗮𝘀𝗲 𝗜𝗻𝘃𝗼𝗹𝘃𝗶𝗻𝗴 𝗖𝗿𝘆𝗽𝘁𝗼 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝘀:
In Australia, Jamie Daniel Reiffel and Michael James Sloggett are being charged with money laundering using cryptocurrencies. Sloggett is alleged to have laundered more than $2 million in shell accounts before it was converted into cryptocurrencies, while Reiffel was said to have laundered more than $800,000. The court has rescheduled all charges to May 23 so that the defense can study fresh evidence.
➢ 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻 𝗶𝗻𝘁𝗼 𝗨𝗞 𝗟𝗮𝗯𝗼𝘂𝗿 𝗣𝗲𝗲𝗿 𝗢𝘃𝗲𝗿 𝗖𝗿𝘆𝗽𝘁𝗼 𝗙𝗶𝗿𝗺 𝗔𝗱𝘃𝗼𝗰𝗮𝗰𝘆:
The House of Lords standards watchdog is probing Lord Iain McNicol, a former Labour party general secretary, for possibly breaking the code of conduct. McNicol is said to have written to the Treasury on behalf of Astra Protocol, a cryptocurrency company that was paying him, promoting the company's opinion on crypto regulation. This investigation is part of an ongoing probe into the commercial interests of members of the Lords.
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