See the market, related assets, source and summary before opening a story so you can focus on what matters.
63 stories in this section
Conduit Technology has sued Tether, alleging the stablecoin issuer froze $2.76 million in USDt held in its treasury wallet without adequate explanation. The complaint links the freeze to a Brazilian investigation, while Tether had not immediately responded to requests for comment.
President Donald Trump has created a federal “Super Intelligence Force” to coordinate AI policy, placing former SEC Chair Jay Clayton among its leaders. Clayton is widely reported as the administration’s AI czar after overseeing a major crypto enforcement campaign and the Ripple lawsuit.
The Independent Community Bankers of America is suing the OCC, claiming the regulator exceeded its authority by granting crypto companies access to national trust bank charters without the safeguards required of insured commercial banks.
A New York federal judge dismissed with prejudice a proposed class action over LIBRA and M3M3, rejecting the investors’ RICO continuity allegations and other claims. The court also blocked amendments adding MELANIA, ENRON and TRUST, closing this recovery route.
OpenAI confirmed it parted ways with three safety researchers over alleged violations of rules for handling sensitive information shared with an outside AI safety organization. The company has not identified the employees, recipient or material involved, as scrutiny grows over recent AI-agent incidents.
Illinois has delayed a planned 0.2% tax on digital assets from Jan. 1 to July 1, 2027, following lawsuits by crypto industry groups. The postponement allows legal challenges to proceed but does not repeal the measure or settle its constitutionality.
Illinois has agreed to postpone its 0.2% Digital Asset Tax until July 1, 2027, while industry groups continue challenging the measure in court. A judge must approve the delay, and separate litigation over the tax remains active.
OpenAI is seeking at least $30 billion at a valuation of about $1.4 trillion after delaying its IPO beyond 2026. The ChatGPT maker’s revenue run rate has topped $40 billion, while rival Anthropic is preparing for a possible November listing valued above $2 trillion.
ESMA says its MiCA agenda is moving from rulemaking to supervision, with priorities including crypto-firm resilience, outsourcing, reporting standards and market surveillance. The EU regulator also plans to expand its MIDAS monitoring system and contribute to the European Commission’s MiCA review expected by June 2027.
California Governor Gavin Newsom has signed AB 2409, barring state public officials and employees from issuing meme coins and restricting platforms from listing certain politically connected tokens from 2027. The measure arrives as Congress debates ethics rules for politicians’ crypto ventures.
California Governor Gavin Newsom signed a law banning state and local public officials from issuing memecoins and restricting certain related offerings to residents. The measure applies to tokens issued from Jan. 1, 2027, while a separate law expands digital-asset money-laundering enforcement.
Evercrest Technologies is suing LayerZero Labs, its Canadian affiliate and CEO Bryan Pellegrino for $292 million over an April rsETH exploit. The claim alleges negligence, negligent misrepresentation and defamation, while KelpDAO reports more than $650 million in user withdrawals.
KelpDAO is suing LayerZero and CEO Bryan Pellegrino over a $292 million rsETH bridge exploit, alleging the setup had been endorsed before the attack. Pellegrino has dismissed the lawsuit as meritless.
A proposed class action alleges that OpenAI routed real ChatGPT conversations to outside contractors through Project Lily without first informing users, according to Decrypt. The claims remain unproven in court.
New York Attorney General Letitia James and Governor Kathy Hochul are suing to block Polymarket, alleging the prediction-market platform operates without a license and exposes residents to gambling harms.
