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  • Kid Cudi Feels ‘Free’ With New Album: Stream It Now

    Kid Cudi Feels ‘Free’ With New Album: Stream It Now

    Kid Cudi has returned to release his 10th studio album, as Free hit streaming services on Friday (Aug. 22).

    The 13-track effort is free of features and includes previously-released singles such as “Neverland,” “Mr. Miracle” and “Grave.” It’s Cudder’s first LP since 2024’s Insano, which debuted at No. 13 on the Billboard 200.

    For the cover art, Cudi took inspiration from The Truman Show. Like Jim Carrey leaving Seahaven, Cudi steps through a doorway in the cloudy sky,

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    “I wanted something that really expressed freedom, so the concept of me leaping into the clouds made so much sense,” he wrote on IG when revealing the cover. “Inspired by The Truman Show. I cant WAIT for u guys to hear this album and really see the album art brought to life. You’re in for a beautiful ride. Promise.”

    August has been a busy month for Kid Cudi, who released his vulnerable memoir on Aug. 12. He opened up his world to GQ, who received an early excerpt from the book, which found Cudi recalling a near-drug overdose circa 2010.

    “I was at peace with dying,” Cudi wrote. “After doing more coke than I ever had in my life I was losing all sense of what was real. I’d been alone in my New York apartment, crying for hours, listening to the Lykke Li song ‘Time Flies’ on repeat. It was a love song, but the melodies and her voice filled me with despair.”

    He continued: “I was a role model, but I didn’t feel like one. People called me their savior. But who was going to save me? I was a lighthouse for others, but I couldn’t find my own way,” he added. “It was peace I was after. Here, crippled on the floor, minutes from overdosing, was the closest I’d ever come to finding it. ‘You made great music that people loved,’ I thought, ‘but this is the end.’”

    Stream Free below.

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  • SpaceX launches Space Force’s X-37B space plane on 8th mystery mission

    SpaceX launches Space Force’s X-37B space plane on 8th mystery mission

    The latest mission of the U.S. Space Force’s mysterious X-37B space plane is underway.

    The robotic X-37B lifted off atop a SpaceX Falcon 9 rocket from NASA’s Kennedy Space Center (KSC) in Florida tonight (Aug. 21) at 11:50 p.m. EDT (0350 GMT on Aug. 22).

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  • BigXthaPlug Releases Country-Trap ‘I Hope You’re Happy’ Album: Stream

    BigXthaPlug Releases Country-Trap ‘I Hope You’re Happy’ Album: Stream

    Country’s favorite rapper BigXthaPlug released his highly-anticipated I Hope You’re Happy album on Friday (Aug. 21).

    The country-trap effort delves into all the emotions surrounding a recent relationship BigX was in that resulted in the couple going their separate ways.

    The Dallas native tapped a handful of country stars to join him on the effort, including Jelly Roll, Darius Rucker, Luke Combs, Bailey Zimmerman, Thomas Rhett, Tucker Wetmore, Shaboozey and Ella Langley.

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    BigX credited a Billboard interview at the top of the year with pushing him to complete a country project. During his chat with Billboard, he teased that he had the pillars of a project jumping into country ready, but the truth was that none of that was actually in motion at the time.

    “I go and do a Billboard interview and I straight up say, ‘I got a country project on the way,’” he told the New York Times’ Popcast. “And I never had a country project on the way… I wasn’t thinking properly, they had just made me cry in the middle of the interview… We come back and I’m kinda trying to change the narrative, ‘I got a country project on the way.’ After I was like, ‘Damn.’

    He continued: “I said that and my team was like, ‘You know you gotta do it now, right?’ Days later, You got Jelly Roll saying [he wants in on the album] and we getting demo after demo from all these other artists.”

    I Hope You’re Happy, which BigX originally titled Not Just Country, serves as his first project since 2024’s Take Care, which debuted at No. 8 on the Billboard 200.

    Stream I Hope You’re Happy below.

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  • Why scientists think diamonds could help identify cancer that has spread – Euronews.com

    1. Why scientists think diamonds could help identify cancer that has spread  Euronews.com
    2. Finding cancer with diamond sensors  healthcare-in-europe.com
    3. Diamonds that find cancer; almonds to curb oxidative stress; West Virginia sues Evernorth Health over opioid role – Morning Medical Update  Medical Economics
    4. Groundbreaking new cancer detection technique replaces radioactive tracers with diamond sensor  The Independent
    5. Diamond-Based Magnetic Sensor Maps Breast Cancer Spread  Inside Precision Medicine

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  • Why hype for autism stem cell therapies continues despite dead ends

    Why hype for autism stem cell therapies continues despite dead ends

    In May, U.S. Department of Health and Human Services Secretary Robert F. Kennedy Jr. expressed interest in expanding access to experimental therapies, including stem cells, during a podcast interview. He also acknowledged that he has received unproven stem cell treatment in Antigua. These comments, taken with his broader interest in autism and enthusiasm for alternative medicines, are signals that we could soon see the U.S. Food and Drug Administration soften its oversight of the stem-cells-for-autism space.

    As a stem cell biologist, I’m excited about the potential of stem cell therapies for many conditions. Recent solid clinical trial data on their use in Parkinson’s, type 1 diabetes and epilepsy are three examples of encouraging early outcomes.

    But despite much hype, cell therapies are not a panacea. In the specific case of autism, I don’t believe that infusions of cells, such as adipose or bone marrow stem cells or umbilical cord cells, are promising approaches. Numerous teams have tested these cells, and yet there is still no evidence that these treatments help people with the condition.

    In fact, one of the largest trials testing cord blood to treat autism, led by Duke University, missed its endpoints. More recently the Duke team’s partnership with Cryo-Cell International, a company that banks cord cells, collapsed. That breakup is a warning sign, suggesting this research is unlikely to prove fruitful in the future. A similar earlier trial of cord cells for autism by Sutter Health also missed its endpoint.

    Both the Duke and Sutter researchers conducted post-hoc analyses and made statements about possible benefits to subgroups, but these claims were unconvincing to me. Beyond cord cells, I have not seen any encouraging data from trials of stem cells for autism more generally.

    I

    f the data are generally negative, why has this field continued to garner so much attention? Most of the outright hype comes from clinics doing a hard sell of unproven cell infusions to generate profits.

    Whether it’s umbilical cord, fat, bone marrow or other kinds of cells—even if those cells are not truly stem cells—the marketing has been relentless. In my view, some academics around the world have also overstated the promise of cell therapies for autism, but I believe in such cases this results more from overexuberance.

    Autism is a challenging target for these therapies. The condition is famously heterogeneous. A recent genetic study defined four potential autism subgroups, and there are probably more. Autism’s mechanisms are therefore many and varied, making it harder to treat with a single therapy, and trial outcomes are likely to have quite a lot of noise.

    Proponents of cell therapies for autism have put forward many different explanations about how these treatments might work. For example, they have cited the hypothesis that infused cells repair neurons directly inside the brain. But as it has become less clear whether infused cells can even reach the brain in meaningful numbers, supporters have instead invoked vague, indirect immunomodulatory functions as possible mechanisms.

    The idea of stem cells for autism also contributes to a controversial cure narrative about the condition. This narrative portrays autism as a disease and the people who have it as needing “fixing” somehow. This perspective can also negatively affect those with autism and their families.

    A

    s a biomedical researcher, I think it’s critical for clinicians and scientists to become informed so that we can speak to the public about these issues. I believe thousands of families have gotten the wrong idea about the promise of stem cells for autism.

    Many hundreds have had their children infused with umbilical cord cells through clinical trials, expanded-access programs and for-profit clinics. Although umbilical cord cells seem generally safe, they are not entirely risk free. Plus, the experience of pursuing these treatments (including travel to the clinic and sedation for the procedure, which is commonly used) can negatively affect children. Some trials charge people to participate—a practice that is unacceptable in my view.

    For these reasons it’s important for scientists and clinicians to do educational outreach in this area. We also need to push back on the sometimes market-driven hype about stem cells for autism.

    In the United States, the FDA has had real trouble keeping up with clinics selling such things. Clinic firms often market cells for autism and for many other, unrelated conditions, perhaps to maximize profits. When one clinic gets in hot water and disappears, a new one takes its place. It’s been a never-ending game of stem cell whack-a-mole.

    Looking ahead, autism cell therapy clinical trials keep popping up, but I don’t expect them to go anywhere productive. I hope to be proven wrong, but so far there’s little reason for optimism. In a search for active, interventional trials with the words “cells” and “autism” on ClinicalTrials.gov (which, importantly, does not necessarily indicate whether these are traditional, robust clinical trials), I find 68 listings. Just ten are recruiting.

    None appear particularly promising. Still, one caught my eye: a Caribbean trial listing by orthopedic surgeon Chadwick Prodromos, of the Prodromos Stem Cell Institute, who has multiple stem cell clinics in the U.S. and elsewhere. Prodromos recently told me in an interview that he was the physician who gave Robert F. Kennedy Jr. stem cells for his throat condition in Antigua. He also attended a Kennedy roundtable on regenerative medicine in March.

    It’s definitely not the time to loosen stem cell therapy standards. Particularly with all the discouraging data out there already, pushing harder on the idea of stem cells for autism just doesn’t make sense now. I urge special caution for families considering paying for this kind of intervention for their kids. It’s likely to do more harm than any good—if it does anything at all.

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  • SpaceX launches eighth mission of the X-37B military spaceplane

    SpaceX launches eighth mission of the X-37B military spaceplane

    WASHINGTON — A SpaceX Falcon 9 rocket on Aug. 21 launched the U.S. Air Force X-37B spaceplane to low Earth orbit for its eighth mission. 

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    Sandra Erwin writes about military space programs, policy, technology and the industry that supports this sector. She has covered the military, the Pentagon, Congress and the defense industry for nearly two decades as editor of NDIA’s National Defense… More by Sandra Erwin


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  • Kneecap press on with European tour despite Hungary ban and cancelled gigs | Europe

    Kneecap press on with European tour despite Hungary ban and cancelled gigs | Europe

    The Belfast hip-hop trio Kneecap are ploughing ahead with their European tour despite a ban on entering Hungary, the cancellation of a string of concerts in Austria and Germany, and the intense scrutiny of authorities in France.

    The Irish-language group will this Sunday play in front an expected 40,000 spectators at the Rock en Seine festival west of Paris, one of France’s biggest live music events of the year, just days after one of their members appeared at a London court on a terrorism charge.

    France’s interior ministry gave the green light to the Paris concert after establishing that “there is no longer a risk of serious disturbance to public order” that would justify banning the band from appearing at the festival in the Domaine National de Saint-Cloud, a 460-hectare park.

    Kneecap had agreed to abide by a code of conduct after facing a ban from playing the Eurockéennes festival at the Lac de Malsaucy Belfort nature reserve in July and had abided by that code since, said the interior minister, Bruno Retailleau, in a letter to the French MP Caroline Yadan. Yadan has called for the group to be banned from entering the country. “Any excesses will be immediately prosecuted,” Retailleau said.

    Yadan, who represents French residents overseas in parliament, has accused Kneecap of promoting Islamist terrorism and inciting “murder and hatred of Jews”.

    Last month, the town council of Saint-Cloud withdrew a €40,000 (£35,000) subsidy for Rock en Seine over the rappers’ appearance, saying “it does not finance political action, nor demands, and even less calls to violence, such as calls to kill lawmakers, whatever their nationality”.

    Founded in 2017 by Mo Chara, Móglaí Bap and DJ Próvaí, Kneecap first made a name for themselves with bawdy songs that explored Irish identity and drug culture. At the Coachella music festival in California in April, however, the group invited political scrutiny when they accused Israel of carrying out a genocide on the Palestinian people.

    Footage was uncovered of incendiary on-stage statements from their 2023 UK tour, including “Up Hamas, up Hezbollah” and “The only good Tory is a dead Tory. Kill your local MP”, which brought condemnation from the prime minister, Keir Starmer, and an investigation by the Metropolitan police’s counter-terrorism command.

    In an ensuing statement, the band apologised to the families of two murdered British MPS, saying they “never intended to cause you hurt” and adding: “We do not, and have never, supported Hamas or Hezbollah. We condemn all attacks on civilians, always … We also reject any suggestion that we would seek to incite violence against any MP or individual.”

    Liam Óg Ó hAnnaidh, who goes by the name Mo Chara, was greeted by hundreds of supporters as he arrived at Westminster magistrates court on Wednesday for a three-hour hearing. Prosecutors allege Ó hAnnaidh, 27, displayed a flag in support of the proscribed terror organisation Hezbollah at a gig at the O2 Forum in Kentish Town, north London, last November. Ó hAnnaidh, of Belfast, is yet to enter a plea to the charge and is on unconditional bail.

    Reaction to Kneecap in some parts of Europe has been swift. Shortly after the Coachella furore, the band was uninvited from the Hurricane and Southside festivals in Germany, on 20 and 22 June; gigs in Berlin, Cologne and Hamburg were cancelled when the UK police started to investigate the group over the Hezbollah flag incident in May.

    In July, Hungary’s rightwing populist government announced Kneecap had been classified as a national security threat and formally banned for three years from entering the country. They had been scheduled to appear at the Sziget festival in northern Budapest earlier this month.

    A concert in Vienna on 1 September was cancelled at the start of this month after political pressure from Austria’s far-right Freedom party and the conservative ÖVP, with the promoter Racoon Live Entertainment citing “acute security concerns on behalf of the relevant authorities”. A screening of Kneecap’s Bafta-winning biopic as part of Vienna’s mobile open-air film festival Volxkino was also called off.

    The band’s appearances at festivals in Poland, Finland, Norway and Belgium have gone ahead, however, and Kneecap are due to play sold-out solo shows in Copenhagen and Amsterdam next month.

    “We are aware that one member of Kneecap has been charged under British law with glorifying a terrorist organisation,” said Søren Gaden, a spokesperson for Copenhagen’s municipality-backed Vega concert venue, where Kneecap are due to play on 3 and 4 September.

    “In Denmark, we follow the principle of being ‘innocent until proven guilty’, and no conviction has been made,” Gaden added. “The group has also issued a clear statement that they do not support violence against civilians, terrorism, or the organisations Hamas or Hezbollah.”

    The decision to book Kneecap at Vega has been criticised by Copenhagen’s mayor for children and youth, who said: “We are pure idiots.” Gaden said: “We comply fully with Danish law in all respects, both on and off stage – including the right to freedom of expression.”

    Jurry Oortwijn, a spokesperson for Amsterdam’s Paradiso venue, said he had received strong negative reactions from the public over the two sold-out Kneecap shows his cultural centre is due to host on 5 and 6 September. Nonetheless, he affirmed the shows would go ahead.

    “We consciously choose to programme Kneecap,” Oortwijn said. “Not to provoke, but out of the belief that a free pop culture must make space for sharp voices. Paradiso is not a place where criticism is silenced, but where dialogue remains possible.”

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  • Offset Skewers His Opps and Searches For Solace

    Offset Skewers His Opps and Searches For Solace

    On “Back in the Mode,” a smooth banger on his stellar new album Kiari, Offset admits, ”Lost a bitch last year and got another one,” making it clear that he feels like getting more than a few things off his chest. Having suffered a public divorce from Cardi B last July, those bars home in on what many listeners have wanted to know. Even more to the point, “Move On,” the album’s fiery last song finds Offset quipping, “You fucked around with the wrong dude/Hope your next nigga will be great.” But you’d be mistaken if you thought that he’s just about drama here. Finding solace and looking inward are some of Offset’s objectives on this fluid follow-up to 2023’s Set It Off, in addition to skewering his opps with the barbs he’s always good for.

    Since Donald Glover’s Golden Globes assertion, in 2017, that “Bad and Boujee” is “the best song ever,” the whole planet has known that the mild-voiced rapper is that dude. Indeed, every time you hear “Raindrops, droptop,” it immediately follows that you’re about to hear some top-tier bars. Offset is the ne plus ultra of verbal polish. No doubt, craft, finesse, and professionalism are evident in his lithesome, always-in-pocket raps. He gave us some real lyrical oomph on Father of 4, his 2019 solo album, but much of that project seemed centered around family matters. And some fans may have desired more of the unadulterated flames he spit on bangers like “Slippery.” Though Set It Off debuted at number 2 on Billboard’s Top R&B/Hip-Hop chart, it struck even less of a balance, jumping off with restless skippables like the shmaltzy “Fan.” Fortunately, Kiari underscores Offset’s critical gifts, tapping into his chutzpah while demonstrating even more growth.

    Energy and shit talk propel the bass-suffused “Professional,” where the Northside, Atlanta native brags, “Head of the food chain, the top of the top/Kickin’ shit — Louis Cane — I cannot flop.” And it’s great to hear him this focused, floating over the track’s infectious snares and ready flutes. Even though he’s traveled the world and made a ton of hits, Offset is still close enough to the streets to remember “I had to go trap and go kick me a door ‘fore I ever had rapped to a fan.” Similarly, the J.I.D-assisted “Bodies” is informed by the “Bad and Boujee” rapper’s byzantine observation that “I keep a stick or a blicky in case it get sticky.”

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    If he didn’t, on “Back in the Mode,” insist that he’s got “another one,” you would wonder who Offset refers to on the lush heater, “Love You Down,” but, anyway, he’s “coming to visit no matter how long I’ll be gone.” The cool, quiet-storm ambiance gives this ballad an Eighties slow-dance feel. And he raps with both compassion and conviction. Offset is a better balladeer than we give him credit for. (Typically, Quavo gets the top melody-maker love, and rightfully so.) But “Love You Down” is more earnest and smooth than just about any of his big R&B-informed missives. The “On Fleek” MC’s tuneful crooning on “Set It Off” is instantly hummable. His verses on this Kiari highlight are nothing to sneeze at either, as he’s, fortuitously, brought back that trenchant stop-motion “Bad and Boujee” flow, revealing, “I’m pullin’ up trim/stepping out/You getting money like who/Boy, cut it out.”

    Regrettably, “All My Hoes,” with its sleepy hacienda vibe, comes up short. As does the treacly “Calories,” where Offset raps in a geeky, affected tone toward the song’s end. Still, “Prada By Myself,” boasting cavernous, Liquid Liquid–style bass and a soaring Teezo Touchdown hook, gives us some needed introspection with such insights as, “Nigga turned friend to a foe/But I had to learn to let it go/Coming like a man as a pro.” Offset has never been more on.

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  • EU speeds up plans for digital euro after US stablecoin law – Financial Times

    EU speeds up plans for digital euro after US stablecoin law – Financial Times

    1. EU speeds up plans for digital euro after US stablecoin law  Financial Times
    2. The Digital Euro Revolution and Its Blockchain Backbone  OneSafe
    3. EU exploring Ethereum, Solana for digital euro launch: FT  Cointelegraph
    4. EU Accelerates Digital Euro Plans, Considering Ethereum and Solana for Public Blockchain Implementation  Bitcoin.com News
    5. Cash is king: Why does the eurozone need a digital euro?  MSN

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  • Blockchain and Digital Assets News and Trends – August 2025

    This periodic bulletin is designed to help companies identify important legal developments governing the use and acceptance of blockchain technology, smart contracts, and digital assets.

    While the use cases for blockchain technology are vast, this bulletin focuses on uses of blockchain and smart contracts in the financial services sector. With respect to digital assets, we have organized our approach to this topic by discussing them in terms of traditional asset type or function (although the types and functions may overlap) – that is, digital assets as:

    • Securities
    • Virtual currencies
    • Commodities
    • Deposits, accounts, intangibles
    • Negotiable instruments
    • Electronic chattel paper
    • Digitized assets

    In addition to reporting on the law and regulation governing blockchain, smart contracts, and digital assets, this bulletin will discuss the legal developments supporting the infrastructure and ecosystems that enable the use and acceptance of these new technologies. 

    INSIGHT

    Second Circuit vacates NFT “insider trading” conviction, clarifies property requirement for wire fraud

    By Michael Fluhr, David Stier, Eric Forni, Eric Hall

    The US Court of Appeals for the Second Circuit has vacated the conviction of Nathaniel Chastain, a former employee of non-fungible token (NFT) marketplace OpenSea, finding that the lower court improperly instructed the jury. Chastain had been convicted of wire fraud and money laundering in connection with his trading NFTs based on non-public information about which NFT collections would be listed for sale on OpenSea.

    The decision, issued on July 31, 2025, presents key legal developments regarding the scope of “property” under the federal wire fraud statute, particularly as it applies to confidential business information. In the digital asset space, however, the decision may have broader implications for the government’s ability to police insider trading of digital assets that are not securities.

    Our alert explores the outcomes of the decision and implications for digital asset stakeholders. Read more.

    STATUTORY AND AGENCY DEVELOPMENTS

    FEDERAL DEVELOPMENTS

    White House

    • President’s Working Group publishes strategy to achieve American digital asset leadership. On January 31, the President’s Working Group on Digital Asset Markets published a comprehensive report and fact sheet identifying strategic priorities for the US to foster innovation and leadership in digital assets and blockchain technology. The report describes the exponential growth of the digital asset ecosystem, including the proliferation of cryptocurrencies, stablecoins, and decentralized finance (DeFi), and calls for clear regulatory frameworks to support responsible growth, consumer protection, and market integrity. It recommends that Congress and federal agencies clarify the legal status of digital assets, enable trading at the federal level, and ensure that banking regulations are technology-neutral and do not discriminate against lawful digital asset businesses. The report urges expeditious implementation of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act to establish a federal framework for stablecoins, encourages the use of US dollar-backed stablecoins to strengthen the dollar’s global role, and opposes the introduction of a central bank digital currency (CBDC) in the US. It also cites a need to modernize anti-money laundering (AML) and countering the financing of terrorism (CFT) rules for digital assets, improve tax guidance and reporting for digital asset transactions, and promote international cooperation to maintain the US’s competitive edge in digital financial technology.

    Congress

    • Bankers’ associations urge Congress to address loopholes in GENIUS Act. On August 12, the American Bankers Association and bankers’ associations in all 50 states and the District of Columbia sent a letter to US Senate leaders urging legislative action to address a perceived loophole in the GENIUS Act, which regulates payment stablecoins. The associations call for Congress to strengthen the prohibition on interest payments for payment stablecoins by extending it to brokers, dealers, exchanges, and affiliates, arguing that legislation currently allows these entities to offer yield or rewards that are effectively interest payments, which they argue undermine the law and distort market incentives. Permitting these yield or reward opportunities would, in the associations’ view, lead consumers to flee from traditional bank deposits and money market funds, resulting in a reduced supply of credit. They also request the repeal of Section 16(d) of the GENIUS Act to restore state authority over out-of-state-chartered financial institutions, citing a need for states to supervise financial entities serving their residents. Additionally, the associations advocate for closing all approval pathways that would allow nonfinancial companies, both public and private, to issue payment stablecoins, citing risks to the separation of banking and commerce and potential harm to community banks and credit access. While the associations expressed their overall support for the GENIUS Act, they asserted that closing these loopholes is necessary for protecting access to credit and promoting economic stability.

    Banking regulators

    • Federal Reserve announces end of bank cryptocurrency activities supervisory program. On August 15, the Federal Reserve Board announced it will sunset its “novel activities supervision program” and return to monitoring banks’ novel activities through the normal supervisory process, including those activities related to cryptoassets, distributed ledger technology, and partnerships with nonbanks to deliver financial services to customers. The announcement rescinded the Federal Reserve’s 2023 supervisory letter that created the program.
    • FinCEN convenes public-private partnership to promote innovation and address fraud and scam risks in the digital assets ecosystem. On August 6, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced it brought together Treasury components, law enforcement agencies, financial institutions, regulatory technology companies, and trade groups to share insights on driving innovation in the digital assets ecosystem while protecting consumers from emerging fraud and scam threats. The FinCEN Exchange event, titled “Advancing Digital Assets Innovation While Safeguarding Consumers Against Fraud and Scam Risks,” featured comprehensive discussions on industry trends in innovation, developments in fraud and scam prevention, law enforcement’s active role in deterring financial crimes facilitated by the illicit use of digital assets, and compliance best practices in the digital assets ecosystem.
    • FinCEN warns use of crypto kiosks for scams and illegal activity. On August 4, FinCEN announced the issuance of a notice urging financial institution vigilance in identifying and reporting suspicious activity involving convertible virtual currency kiosks, notably if kiosk operators fail to meet their obligations under the Bank Secrecy Act (BSA). The notice describes how such kiosks are used to facilitate scams, fraud, and money laundering, and sets forth red flag indicators of illicit activity involving crypto kiosks.
    • FinCEN postpones and reopens AML/CFT investment adviser rule. On July 21, FinCEN announced the postponement of the effective date of the final rule establishing Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers (IA AML Rule). The IA AML Rule was originally set to take effect on January 1, 2026, but FinCEN anticipates delaying the effective date until January 1, 2028. Additionally, FinCEN announced that it would revisit the scope of the IA AML Rule through a future rulemaking process – essentially, to tailor it “to the diverse business models and risk profiles of the investment adviser sector.”
    • Credit union trade association seeks rulemaking on custody of digital assets. On July 18, America’s Credit Unions, a national credit union trade association, wrote a letter to the Chair of the National Credit Union Administration (NCUA), requesting that the NCUA “promptly initiate rulemaking to allow credit unions to take custody of digital assets for their members.” America’s Credit Unions asserted that the recently enacted GENIUS Act provided a clear mandate to advance the ability of credit unions to be able to directly safeguard members’ digital assets, noting that banks have had a competitive advantage due to bank guidance on cryptocurrency since 2021.

    SEC

    • SEC Division of Corporation Finance issues guidance on liquid staking. On August 5, the SEC Division of Corporation Finance issued a statement addressing the regulatory treatment of liquid staking activities, which the statement refers to as a type of staking whereby owners of crypto assets deposit their assets with a third-party service provider and in return receive newly “minted” (or created) crypto assets that evidence ownership of the deposited assets and any staking rewards, like a deposit receipt. The Division takes the position that when owners of crypto assets deposit them with a third-party liquid staking provider and receive staking receipt tokens in return, these activities do not constitute securities offerings under US law, provided the arrangements remain administrative and ministerial in nature. According to the Division, the value of these receipt tokens derives from the underlying assets rather than from the managerial or entrepreneurial efforts of the provider. The statement applies the Howey test to determine that such liquid staking arrangements do not involve investment contracts or securities transactions, unless the underlying assets themselves are part of an investment contract. Accordingly, staking providers and participants do not need to register these transactions with the SEC, as long as their activities conform to the Division’s view of Liquid Staking Activities and do not extend beyond administrative functions.
    • SEC Chair reveals “Project Crypto” to modernize US digital asset regulation. On July 31, the US Securities and Exchange Commission (SEC) Chair Paul S. Atkins published remarks announcing an initiative called “Project Crypto,” which he described as “the SEC’s north star in aiding President Trump in his efforts to make America the ‘crypto capital of the world.’” Chair Atkins discussed his goal to create clear, practical rules for crypto asset distributions, custody, and trading. Under Project Crypto, the SEC will develop guidelines to distinguish between digital collectibles, commodities, stablecoins, and securities, and will facilitate the “onshoring” of crypto businesses previously driven offshore by regulatory uncertainty. The SEC plans to modernize custody requirements, enable trading of both security and non-security crypto assets on regulated platforms, and support the development of “super-apps” that offer a wide range of financial products under a single license. The initiative also seeks to accommodate decentralized finance and on-chain software systems, encourage innovation through exemptions for new business models, and ensure that regulatory frameworks do not stifle technological progress or competition in the US digital asset markets.
    • SEC announces new series of crypto roundtables in several US cities. On August 1, the SEC announced that its Crypto Task Force would be hosting a series of roundtable discussions in cities across the US, following an earlier series of roundtables held in Washington, DC. The SEC expressed particular interest in inviting crypto-related projects with ten or fewer employees that are less than two years old.
    • SEC approves in-kind creations and redemptions for crypto ETPs. On July 29, the SEC announced the approval of orders permitting in-kind creations and redemptions for crypto asset exchange-traded product (ETP) shares, including bitcoin and ether ETPs. This decision departs from previous limitations on spot bitcoin and ether ETPs, which required in-cash creations and redemptions. The change aims to make crypto ETPs more efficient and cost-effective for issuers, authorized participants, and investors. In a separately published statement, SEC Commissioner Mark Uyeda praised the orders for enabling “crypto-asset ETPs to access the tools for managing exposure more cheaply, more transparently, and with better alignment to how asset managers and investors use ETPs in other markets.” The SEC also announced approval of related proposals designed to “advance a merit-neutral approach to crypto-based products,” such as the listing and trading of mixed spot bitcoin and spot ether ETPs, options on certain spot bitcoin ETPs, Flexible Exchange options on bitcoin-based ETPs, and increased position limits for listed options on bitcoin ETPs. The SEC also announced the issuance of two scheduling orders soliciting comments on additional crypto ETP proposals. 

    CFTC

    • CFTC launches crypto sprint to advance digital asset market regulation. On August 1, the Commodity Futures Trading Commission (CFTC) announced the start of a crypto sprint to implement recommendations from the President’s Working Group on Digital Asset Markets report. Acting Chair Caroline D. Pham commented that the CFTC aims to provide regulatory clarity and foster innovation in the US digital asset markets, working closely with the SEC and other stakeholders. Since January, the CFTC has engaged with industry leaders, withdrawn outdated advisories, and issued new guidance to support crypto and digital asset entrepreneurs. The agency has also explored a digital asset markets pilot program, participated in tokenization initiatives, and completed a public comment period on 24/7 trading and perpetual derivatives, both of which are now live on CFTC-registered markets.
    • CFTC launches initiative to enable spot crypto trading on regulated US exchanges. On August 4, the CFTC announced a new initiative to facilitate the trading of spot crypto asset contracts on CFTC-registered futures exchanges, known as designated contract markets (DCMs). The initiative seeks to provide regulatory clarity for listing spot crypto assets and invites public feedback by August 18. The move is part of the CFTC’s broader strategy to implement recommendations from the President’s Working Group on Digital Asset Markets and aligns with efforts to coordinate with the SEC on digital asset regulation. The CFTC emphasizes that the Commodity Exchange Act requires retail trading of commodities involving leverage, margin, or financing to occur on a DCM, and the agency now seeks input on listing spot crypto asset contracts under its existing authority, including considerations related to securities laws and the SEC’s framework for non-security digital assets. 

    GSEs

    • Fannie Mae and Freddie Mac ordered to prepare to count cryptocurrency as an asset on mortgage applications. On June 26, William Pulte, director of the Federal Housing Finance Agency, issued an order issuing directive for the agencies to consider cryptocurrency as an asset for single-family loans delivered to Fannie Mae and Freddie Mac. The order directed each agency to “prepare a proposal for consideration of cryptocurrency as an asset for reserves in their respective single-family mortgage loan risk assessments, without conversion of said cryptocurrency to US dollars.” The agencies were to consider only cryptocurrency that can be evidenced and stored on a US-regulated centralized exchange, subject to all applicable laws. Two consumer groups, the Consumer Federation of America and the National Consumer Law Center, have written Director Pulte to abandon the directive, arguing that cryptocurrencies “are notoriously volatile and offer no meaningful indication of a borrower’s long-term financial stability or ability to pay their mortgage…, expos[ing] taxpayers to increased risk of losses [and] open the door to new forms of predatory and unsafe lending targeted at vulnerable borrowers.”

    Treasury

    • FinCEN warns financial institutions of illicit activity involving virtual currency kiosks. On August 4, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a notice urging US financial institutions to monitor and report suspicious activity related to convertible virtual currency (CVC) kiosks, also known as cryptocurrency ATMs, which criminals increasingly use for scams, money laundering, and drug trafficking. The notice explains that CVC kiosks allow customers to exchange cash for virtual currencies such as bitcoin, ether, and stablecoins, and that scammers often direct victims to use these kiosks to send payments under false pretenses. FinCEN reports a sharp rise in fraud and losses involving CVC kiosks, with transnational criminal organizations using them to launder drug proceeds and evade traditional financial controls. The notice states non-compliant kiosk operators frequently fail to register as money services businesses, neglect AML obligations, and facilitate structuring and other illicit practices. FinCEN provides red-flag indicators for detecting suspicious CVC kiosk activity, reminds institutions of their BSA reporting requirements, and encourages information sharing to combat the growing threat of virtual currency-related financial crime.
    • Treasury seeks comments on methods to detect illicit digital asset activity. On August 18, the US Department of the Treasury published a notice requesting public input on the use of innovative or novel methods, techniques, or strategies to detect and mitigate illicit finance risks involving digital assets. The notice fulfills a requirement of the GENIUS Act and supports the Trump Administration’s policy of supporting the responsible growth and use of digital assets, as outlined in the January 23 Executive Order 14178 on “Strengthening American Leadership in Digital Financial Technology.” Treasury seeks comment on the current or potential use of the following for such purposes: application programming interfaces, artificial intelligence (AI), digital identity verification, blockchain technology, and monitoring. Consistent with the GENIUS Act, when conducting research on these and other innovative or novel methods, techniques, or strategies, Treasury will evaluate and consider:
    • Improvements in the ability of financial institutions to detect illicit activity involving digital assets
    • Costs to regulated financial institutions
    • The amount and sensitivity of information that is collected or reviewed
    • Privacy risk associated with the information that is collected or reviewed
    • Operational challenges and efficiency considerations
    • Cybersecurity risks, and
    • Effectiveness of the methods, techniques, or strategies at mitigating illicit finance.

    Comments are due on or before October 17.

    STATE DEVELOPMENTS

    Money transmission

    • State financial regulators issue guidance on virtual currency treatment under MTMA. On June 26, the Conference of State Bank Supervisors (CSBS) announced its issuance of advisory guidance on the treatment of virtual currency when calculating a licensee’s tangible net worth under the Money Transmission Modernization Act (MTMA). State supervisors and industry experts developed the MTMA to create a consistent set of nationwide standards for tangible net worth (capital), surety bond, permissible investment (liquidity with 1-for-1 reserves), and other requirements applicable to the regulation and supervision of money transmitters. The new guidance is the first issued by the CSBS and is limited to the implementation of Sections 2.01(bb) and 10.01 regarding the tangible net worth of licensees.
    • Pennsylvania modifies money transmission law to address virtual currency. On June 27, Pennsylvania Governor Josh Shapiro signed Senate Bill 202 into law, which ensures that the transmission of virtual currency is regulated the same as fiat currency under Pennsylvania’s Money Transmitter Act (MTA). Under the new law, referred to as the Money Transmission and Virtual Currency Transmission Business Licensing Law, entities that facilitate the transfer of virtual currency for a fee will be required to meet the same licensure standards as other money transmitters. The law also modernizes key elements of the MTA, including definitions, licensing requirements, exemptions, and oversight provisions.

    ENFORCEMENT ACTIONS AND LITIGATION

    FEDERAL

    SEC

    • SEC issues cease-and-desist order against MyConstant founder for fraudulent crypto-backed lending scheme. On August 5, the SEC issued an order settling charges against Huynh Tran Quang Duy, founder and sole owner of the online lending platform MyConstant, for making material misrepresentations and misappropriating investor funds in connection with crypto-backed loans. The SEC found that from September 2020 through November 2022, Duy falsely promoted MyConstant’s loan matching service as a low-risk, crypto-collateralized investment offering returns up to 10 percent per annum. According to the order, MyConstant raised over $20 million from more than 4,000 investors, most of whom resided in the US and used investor funds to purchase at least $11.9 million of the cryptocurrency TerraUSD (UST) in personal accounts – resulting in losses of nearly $8 million when UST collapsed. Duy further diverted approximately $415,000 for personal use. The order requires Duy to cease and desist from further violations, pay over $8.3 million in disgorgement, $1.5 million in prejudgment interest, and a $750,000 civil penalty. 

    DOJ

    • Crypto influencer sentenced for defrauding cloud computing providers in cryptojacking scheme. On August 15, the US Attorney’s Office for the Eastern District of New York announced that Charles O. Parks III, also known as “CP3O,” received a sentence of one year and one day in prison for orchestrating a large-scale cryptojacking operation. Parks used fraudulent identities and false statements to obtain over $3.5 million in cloud computing services from two major providers, which he exploited to mine nearly $1 million in cryptocurrency, including Ether, Litecoin, and Monero. He laundered the proceeds through cryptocurrency exchanges, an NFT marketplace, and traditional financial channels, then converted the digital assets into cash for luxury goods. Parks promoted himself as a crypto influencer on social media, boasting about his illicit profits and offering advice based on his fraudulent activities. The court ordered him to forfeit $500,000 and a luxury car, with restitution to be determined later.
    • CEO indicted for misappropriating startup funds in cryptocurrency and online gambling scheme. On August 13, the US Attorney’s Office for the Southern District of New York announced the indictment of Richard Kim, former CEO of Zero Edge Corporation, for defrauding investors of approximately $4.3 million by falsely promising to develop a blockchain-based casino gaming app. Kim founded Zero Edge in March and represented to investors that their funds would support the development of on-chain casino games using blockchain and cryptocurrency technologies. Instead, Kim diverted about $3.8 million of the seed round funding into personal cryptocurrency accounts at multiple centralized exchanges and transferred significant amounts to another online crypto casino and other unknown wallets. Kim admitted to investors that he lost nearly all the company’s money through leveraged cryptocurrency trading and gambling and later acknowledged to the Federal Bureau of Investigation (FBI) that his actions were “completely unjustifiable.” The indictment charges Kim with securities fraud and wire fraud, each carrying a maximum sentence of 20 years in prison.
    • Estonian nationals sentenced for $577 million cryptocurrency Ponzi scheme. On August 12, the US Attorney’s Office for the Western District of Washington announced that two Estonian nationals, Sergei Potapenko and Ivan Turogin, received 16-month prison sentences for orchestrating a global cryptocurrency Ponzi scheme through their company, HashFlare. Between 2015 and 2019, HashFlare sold contracts to customers worldwide, falsely promising profits from cryptocurrency mining, while lacking the computing capacity to generate the claimed returns. Potapenko and Turogin collected over $577 million from victims and used the funds to acquire luxury vehicles, real estate, and pay out earlier investors. Authorities seized assets valued at over $450 million, including cryptocurrency, real property, and mining equipment, which will be used to compensate victims through a forthcoming remission process. The case involved significant international cooperation. Despite the sentences, DOJ had argued for longer prison terms and is considering an appeal.
    • Terraform Labs co-founder Do Kwon pleads guilty to cryptocurrency fraud. On August 12, the US Attorney’s Office for the Southern District of New York announced that Do Kwon, co-founder and former CEO of Terraform Labs, had pled guilty to multiple counts of fraud related to the collapse of the Terra blockchain ecosystem, which resulted in over $40 billion in investor losses. Kwon admitted to conspiring to commit commodities fraud, securities fraud, and wire fraud, as well as executing wire fraud, all in connection with Terraform’s suite of digital asset products, including the algorithmic stablecoin TerraUSD (UST) and the LUNA token. Prosecutors described how Kwon misrepresented the stability and functionality of Terraform’s blockchain technology, manipulated markets to artificially support UST’s $1 peg, and falsely claimed real-world adoption of the Terra blockchain for payment processing. Kwon also controlled and misused the Luna Foundation Guard’s cryptocurrency reserves and manipulated synthetic asset prices on Terra’s Mirror Protocol, despite claiming that the DeFi platform was decentralized. As part of his plea, Kwon agreed to forfeit over $19 million in proceeds and faces up to 25 years in prison, with sentencing scheduled for December 11.
    • Samourai Wallet founders plead guilty to laundering over $200 million in cryptocurrency. On August 6, the US Attorney’s Office for the Southern District of New York announced that Keonne Rodriguez and William Lonergan Hill, the CEO and CTO of Samourai Wallet, pled guilty to operating a money transmitting business that processed more than $200 million in criminal proceeds using cryptocurrency. Rodriguez and Hill developed and managed Samourai Wallet, a mobile application that provided two key services: (1) Whirlpool, a Bitcoin mixing service, and (2) Ricochet, a transaction obfuscation tool. Both were designed to conceal the origins and destinations of digital assets. The founders promoted these services to facilitate the laundering of funds from illegal activities, including dark web transactions, cyber intrusions, and fraud schemes, and actively encouraged criminals to use their platform. From 2017 to 2019, over 80,000 Bitcoin, valued at more than $2 billion at the time, passed through these services, generating over $6 million in fees for Samourai. Rodriguez and Hill each face a maximum sentence of five years in prison and agreed to forfeit more than $237 million as part of their plea agreements.
    • Cryptocurrency CEO sentenced to seven years for multi-million-dollar fraud. On July 29, the US Attorney’s Office for the Northern District of California announced that Rowland Marcus Andrade, founder and CEO of AML Bitcoin, received an 84-month federal prison sentence for wire fraud and money laundering related to a fraudulent cryptocurrency scheme. Andrade misled investors by making false claims about the development, viability, and business prospects of AML Bitcoin, including fabricating a potential agreement with the Panama Canal Authority. He raised approximately $10 million from investors, diverted over $2 million for personal use – including luxury cars and Texas real estate – and laundered funds through multiple bank accounts.
    • Arizona man pleads guilty to laundering cryptocurrency in $13 million Ponzi scheme. On July 28, DOJ announced that Vincent Anthony Mazzotta Jr. pleaded guilty to money laundering and conspiracy to obstruct justice for his role in a $13 million cryptocurrency Ponzi scheme. Mazzotta, along with co-defendant David Saffron, promised investors high-yield returns from cryptocurrency trading using automated trading robots powered by AI, operating through companies such as Mind Capital and Cloud9Capital. The conspirators created a fictitious government entity, the Federal Crypto Reserve, to further deceive victims and solicit additional funds under the pretense of investigating the disappearance of their investments. Mazzotta also worked with others to destroy evidence and falsify business records to conceal his involvement. He faces up to ten years in prison for money laundering, and up to five years for conspiracy to obstruct justice.
    • DOJ seeks forfeiture of $7.1 million in cryptocurrency linked to oil and gas investment fraud. On July 22, the US Attorney’s Office for the Western District of Washington announced a civil action to forfeit approximately $7.1 million in cryptocurrency seized during an investigation into an oil and gas storage investment fraud scheme. The scheme, which operated from at least August 2022 through August 2024, defrauded victims of about $17.9 million by convincing them to invest in purported oil tank storage opportunities, then moving the funds through various financial and cryptocurrency accounts. The perpetrators used cryptocurrencies such as Bitcoin, Tether, USD Coin, and Ether, transferring assets through at least 19 different cryptocurrency accounts, and ultimately moving much of the funds to a centralized exchange. Investigators traced the cryptocurrency to wallets and exchanges associated with Russian and Nigerian IP addresses, some of which have connections to money laundering for transnational criminal organizations. The government intends to distribute the forfeited cryptocurrency, in addition to $2.3 million previously seized from a US-based co-conspirator, to the identified victims of the fraud. 

    FINRA

    • FINRA fines firm for violations of crypto rules. On July 28, the Financial Industry Regulatory Authority (FINRA) accepted the Letter of Acceptance, Waiver, and Consent (AWC) submitted by TradeStation Securities, Inc., an online trading platform and a FINRA member. The AWC settles alleged rule violations concerning retail communications related to crypto assets. According to the AWC, the firm’s communications allegedly failed to clearly disclose that crypto assets were not offered through a registered broker-dealer, and also allegedly failed to provide a fair and balanced presentation of the benefits and risks of the crypto asset products. TradeStation Securities agreed to pay an $85,000 fine, without admission or denial of FINRA’s allegations. 

    Money transmission

    • Connecticut man admits operating illegal money transmitting business. On July 21, the US Attorney’s Office for the District of Connecticut announced that William McNeilly pleaded guilty to charges related to his operation of an unlicensed money transmitting business. McNeilly owned and operated Global Income Marketplace LLC and Global NuMedia LLC (GNM) and opened a cryptocurrency exchange account in the name of GNM – exchanging more than $1 million worth of customers’ cash, checks, and money orders for cryptocurrency. McNeilly never obtained the necessary money transmission license from the Connecticut Department of Banking. McNeilly faces a maximum prison term of 35 years on the charges. 

    FTC

    • Former CEO of Voyager Digital agrees to ban and a $2.8 million payment to resolve FTC charges. On June 27, the Federal Trade Commission (FTC) announced a proposed settlement with Stephen Ehrlich, the former CEO of crypto platform Voyager Digital, on charges that Ehrlich falsely promised that consumers’ deposits were FDIC-insured, and those deposits “would be as sage with us as at a bank.” Nonetheless, the deposits were not insured, and Voyager customers lost more than $1 billion in cryptocurrency when the company failed. The proposed settlement requires Ehrlich to pay $2.8 million and prohibits Ehrlich from marketing or selling retail products or services used to buy, sell, deposit, or trade crypto, among other activities. The FTC previously settled with Voyager in November 2023.  

    NFTs

    • NFTs can be trademarked. In Yuga Labs, Inc. v. Ryder Ripps; Jeremy Cahen (No. 24-879 DC No. 2:22-cv-04355-JFW-JEM, 9th Cir. Ct. App., July 23, 2025), the Ninth Circuit ruled that NFTs can be trademarked under the Lanham Act as they are considered “goods.” The court affirmed in part and reversed in part the district court’s judgment, and remanded the case for further proceedings, in an action under the Lanham Act and the Anticybersquatting Consumer Protection Act.

      The case concerns the popular Bored Ape Yacht Club (BAYC) NFT collection, created by plaintiff, Yuga Labs. Each BAYC NFT is associated with a unique cartoon Bored Ape. BAYC NFT owners obtain not only certain rights to the art, but also a collection of benefits and functionalities, including access to interactive digital spaces, branded merchandise, and online events. Defendants created a nearly identical NFT collection called Ryder Ripps Bored Ape Yacht Club. NFTs in defendants’ collection were associated with the exact same cartoons as BAYC NFTs.

      Yuga sued defendants in the US District Court for the Central District of California, asserting a variety of claims, including trademark infringement under the federal Lanham Act. Defendants asserted numerous defenses, including that Yuga lacks enforceable trademark rights and that use of Yuga’s marks was protected as nominative fair use and under the First Amendment. Defendants also countersued, including for violation of the Digital Millennium Copyright Act, alleging that Yuga made misrepresentations in certain takedown notices to third-party platforms.

      The district court dismissed defendants’ declaratory judgment counterclaims for lack of subject matter jurisdiction and granted summary judgment for Yuga on its two claims and on defendants’ DMCA counterclaim. The district court then held a bench trial on remedies, enjoined defendants from infringing Yuga’s marks, and awarded Yuga over $8M for disgorgement of profits, statutory damages, attorneys’ fees, and costs.

      On appeal, the Ninth Circuit reversed the district court’s grant of summary judgment for Yuga on its Lanham Act claims. The court rejected defendants’ arguments that Yuga lacked ownership in protectable marks, finding that NFTs are “goods” protected by the Lanham Act, and rejected defendants’ argument that Yuga no longer has ownership of the marks by virtue of conferring ownership of associated art to NFT holders. The court reasoned that such ownership of art did not convey a license to a trademark embodied therein, nor did holders’ use or ownership of NFTs suggest that the incorporated marks act as a source identifier for each holder.

      The court also rejected as a matter of law that defendants could show a nominative fair use, as they used the mark to refer to Yuga’s NFTs (rather than their own NFTs). The court also rejected defendants’ First Amendment argument, holding that defendants used Yuga’s marks as source identification, not protected expression.

      On the multi-factor test for likelihood of confusion, the court held triable issues of fact remained and remanded the case for further proceedings. 

    SPOTLIGHT ON INTERNATIONAL DEVELOPMENTS

    • UK HM Treasury issues cryptoassets threat assessment. On July 21, the UK HM Treasury Office of Financial Sanctions Implementation (OFSI) published a Cryptoassets Threat Assessment, addressing threats to UK financial sanctions compliance from January 2022 to May 2025. OFSI’s “key judgements” from the report include:
    • It is “almost certain” that UK cryptoasset firms “under-reported suspected breaches of financial sanctions to OFSI”
    • It is “likely” that most non-compliance by UK cryptoasset firms has occurred inadvertently due to common issues such as suspected breaches being identified after a delay in attribution, with attribution delays also contributing to failures to implement an asset freeze
    • It is “highly likely” that UK cryptoasset firms have been directly or indirectly exposed to the designated Russian exchange Garantex since its designation in 2023, resulting in breaches of UK financial sanctions
    • It is “highly likely” that UK-based cryptoasset firms are currently at risk of being targeted by DPRK-linked hackers and IT workers seeking to steal or obtain funds through illicit means
    • It is “likely” that UK cryptoasset firms are currently facilitating transfers to Iranian cryptoasset firms with suspected links to designated persons
    • Hong Kong publishes regulations for stablecoin issuers. On July 29, the Hong Kong Monetary Authority (HKMA) announced publication of documentation for the implementation of the regulatory regime for stablecoin issuers, which took effect on August 1. The documentation comprises guidance on supervision of licensed stablecoin issuers, transitional provisions for pre-existing stablecoin issuers, and compliance with AML and CFT. 

    DLA PIPER NEWS

    • The Financial Times recognizes DLA Piper as one of the Most Innovative Law Firms in North America.
    • The Legal 500 ranks DLA Piper Tier 1 in FinTech: Crypto. DLA Piper was also ranked in Tier 2 for FinTech, and Margo Tank was ranked as a “Leading Individual.”
    • Chambers FinTech Legal ranks DLA Piper in four categories including Band 2 for Blockchain and Digital Assets, and Band 3 for Payments and Lending, with Margo Tank individually recognized in Blockchain and Digital Assets and Payments and Lending.
    • DLA Piper’s Commodities, Digital Assets, and Carbon Compliance and Enforcement team draws on decades of collective experience in the commodities and securities industry to help companies navigate new and complex commodities enforcement matters, including those related to agriculture, metals, energy, digital assets, and carbon/sustainable commodities, among others.

    RECENT AND UPCOMING EVENTS

    • Era Anagnosti will moderate a panel discussion on Crypto Treasury Strategies: What You Should Know on September 18, at 12pm EST, hosted by Deal Flow Events. The panel will discuss treasury strategies regarding various types of digital assets, including objectives and key considerations, measuring performance, deal structures, capital formation, regulatory and governance considerations, microcaps and exchange-traded funds (ETFs).

    PUBLICATIONS

    • DLA Piper published its global financial services report, Financial Futures: Disruption in US and Global Financial Services, after asking nearly 800 financial services decision-makers around the world about key disruptors impacting senior leaders in financial institutions and fintechs. Access our report and read about the challenges and opportunities that AI; digitization; and environmental, social and governance (ESG) pose for the financial services industry.
    • In the book, Banking [on] Blockchain: A Legal and Regulatory Primer, published by the American Bar Association, David Stier, Emily Honsa Hicks, and Eric Hall co-authored a chapter on anti-money laundering (AML)/know your customer (KYC) requirements and the Bank Secrecy Act (BSA), as well as provided general editorial assistance on other chapters. The book is a comprehensive guide to the legal and regulatory landscape surrounding the use of blockchain technology, decentralization, and digital assets within the financial services, and offers guidance on how financial institutions may navigate the complex regulatory environment.
    • Cryptocurrency and Digital Asset Regulation, published by the American Bar Association and co-edited by Deborah Meshulam and Michael Fluhr, includes chapters by Meshulam, Fluhr, and Margo Tank.

    LISTEN

    Digital Transformation – The never-ending journey. Digital transformation is more than a trend – it’s a continuous journey. Our Tech Index 2024 looks at the rise of blockchain to the advancements in AI and the potential of quantum computing – the evolution never stops. Organizations are encouraged to adapt and lead the way in this ever-changing landscape. Mark O’Conor, Paul Allen, and Chloe Forster take a deep dive into digital transformation.

    READ

    “Fair banking” Executive Order targets politicized debanking and reputational risk

    Digital Asset Market Clarity Act: The increasing role of the CFTC in regulating crypto markets

    Digital Transformation: eSignatures and ePayments News and Trends

    Market Edge – covering SEC developments for publicly traded companies 

    Digital Digest addresses the growing challenges faced by the UK commercial and financial sector due to the increasing number of laws, regulations, and market practices affecting the digital and crypto industry.

    Contacts

    Learn more about our Blockchain and Digital Assets practice by contacting any of our editors:

    Margo Tank
    Michael Fluhr
    Liz Caires
    Eric Hall

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