Fast, factual wire coverage from across Malaysia and the region.
With sweeping US crypto legislation stalled in Congress, the Trump administration's regulators are preparing to establish digital asset frameworks through agency rulemakings. However, experts warn that rules crafted by executive action lack the permanence of Congressional law and remain vulnerable to political reversals.
The US Securities and Exchange Commission has postponed a planned vote on cryptocurrency-related exemptions, as the Senate leaves Washington without advancing the Clarity Act, signalling uncertain prospects for near-term crypto legislative reform.
The US Senate is advancing the Clarity Act, landmark legislation to regulate cryptocurrencies, after Republican leadership filed for procedural votes. The bill would create the first comprehensive federal framework for digital assets.
A supervisory FBI agent in Washington has been arrested after admitting he stole roughly US$1 million in cryptocurrency from a criminal investigation, claiming he was frustrated with the agency's handling of adversarial crypto accounts.
A software vulnerability in Coinkite's Coldcard Bitcoin wallets has allowed hackers to drain approximately US$86 million from more than 4,500 accounts. The flaw undermines assumptions about cold storage security.
Paul Grewal, the chief legal officer who spearheaded Coinbase's successful defense against the SEC and championed crypto-friendly legislation in Washington, is departing after six years. Molly Abraham assumes the general counsel role.