Round-the-clock breaking news from Malaysia.
A new Reuters/Ipsos poll reveals that most Americans—including half of Republicans—believe President Trump has improperly profited from cryptocurrency ventures since returning to office and that his policy decisions favour his private interests.
The US Securities and Exchange Commission abruptly cancelled a scheduled vote on new cryptocurrency regulations, citing an unforeseen scheduling issue. The postponement reflects broader political uncertainty around crypto reform legislation.
The US Senate is advancing the Clarity Act, a comprehensive cryptocurrency regulatory framework, with a procedural vote scheduled after the August recess. The bill would mark a major victory for the Trump administration and crypto industry.
The cryptocurrency industry is investing close to $200 million in the US midterm elections through Fairshake, a major super PAC backing pro-crypto candidates. The spending underscores the sector's growing political influence as it pushes for sweeping legislation to reshape federal oversight of digital assets.
A critical software vulnerability in Coldcard hardware wallets has enabled hackers to steal approximately US$86 million from more than 4,500 users, exposing fundamental weaknesses in cryptocurrency storage security.
Authorities have dismantled a sprawling fraud network operating from Forest City in Johor Baru, resulting in 335 arrests. The operation involved cryptocurrency investment schemes and romance scams targeting overseas victims.
The Financial Action Task Force has warned that organised crime groups are exploiting weaknesses in cryptocurrency regulation to launder billions of dollars in illicit proceeds, with stablecoins becoming an increasingly sophisticated laundering tool.
Paul Grewal, Coinbase's chief legal officer and architect of the crypto industry's Washington strategy, is departing after six years. His successor and a new corporate affairs head signal the exchange's shift toward expansion and global stakeholder management.