Crypto News
$2.2M in Crypto Frozen by AG Letitia James, Securing Funds for Victims
A $2.2 million cryptocurrency scam targeting job seekers was halted as the NY Attorney General froze funds, uncovering fake fees and untraceable transfers. AG James’ Bold Move Freezes $2.2M Crypto Loot From Fake Job Scammers The Office of New York Attorney General Letitia James announced last week that James has filed a lawsuit to recoverSource link
Trump’s Treasury Pick to Divest Bitcoin ETF Holdings to Eliminate Conflict of Interest: Report
Billionaire hedge fund manager Scott Bessent, President-elect Donald Trump's nominee for Treasury Secretary, plans to dispose of several assets, including investment in bitcoin (BTC) exchange-traded funds (ETF), to avoid potential conflicts of interest with his new role, according to a report by The New York Times.On Saturday, Bessent, who once worked for billionaire liberal philanthropist George Soros, filed the ethics agreement and financial disclosures as required for the impending Senate confirmation, revealing assets and investments worth over $700 million. The tally includes BTC ETF holdings worth $250,000 to $500,000, according to media reports.The other key investments posing a potential conflict of interest include a margin loan of more than $50 million with Goldman Sachs, an account for trading China's currency...
Treasury Pick Holds Up to $500K in Blackrock Bitcoin ETF, Vows to Divest Over Conflicts
A Treasury nominee’s six-figure stake in Blackrock’s bitcoin ETF reveals crypto’s grip on elite portfolios, raising stakes for future U.S. economic policy decisions. Blackrock Bitcoin ETF in Spotlight as Bessent’s Financial Ties Unveiled Scott Bessent, President-elect Donald Trump’s nominee for Treasury secretary, has disclosed a personal investment of between $250,001 and $500,000 in Blackrock’s bitcoinSource link
Singapore Blocks Access to Polymarket Over Gambling Law
Polymarket faces mounting pressure as global regulators probe it for handling multimillion-dollar political wagers.Source link
IRS on the Chopping Block: Rep. Buddy Carter’s Vision for a Fairer America
Rep. Buddy Carter (R-GA) has introduced the Fair Tax Act, a sweeping proposal to dismantle the federal tax code, abolish the IRS, and replace it with a national consumption tax—a move aimed at restoring individual economic freedom and limiting government overreach. Buddy Carter’s Fair Tax Act In a so-called act of principled defiance against anSource link