President Donald Trump says he has struck a deal with nearly all of the Republican lawmakers who had blocked three key cryptocurrency bills, paving the way for a re-vote in the House this week.  In a post on Truth Social, Trump announced he met with 11 of the 12 GOP representatives who voted against advancing the legislation, and secured their commitment to support the measures in the upcoming vote. Trump wrote: “I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act and, after a short discussion, they have all agreed to vote…

Hungary’s new Criminal Code, effective July 1, 2025, imposes up to 2–8 years in prison for using or operating unauthorized crypto exchanges. Updating its Criminal Code, Hungary has introduced strict new regulation that criminalizes using or operating unauthorized crypto exchanges. Accordingly, as of July 1, 2025, individuals who trade crypto on platforms that are not officially approved can face up to two years in prison, with penalties increasing with the value of the trades. For trades worth between 5 million and 50 million forints ($14,600 to $145,950), the sentence can reach two years. For trades exceeding 50 million forints, the…

Florida’s Attorney General James Uthmeier has reportedly launched a formal investigation into Robinhood Crypto LLC, to evaluate the company’s claims that it offers the “lowest cost” option for cryptocurrency trading.  According to a statement from the Attorney General’s office, a written order has been issued to Robinhood demanding internal documents that support the company’s public marketing assertions and claims that users “trade crypto at the lowest cost on average.”  Robinhood has been given until the end of July 2025 to comply.  If Robinhood is unable to provide documentation, the inquiry could lead to charges under Florida’s Deceptive and Unfair Trade…

Issuing a statement, Tasmania Police Cyber Investigations revealed that the top 15 users of cryptocurrency ATMs across the state were victims of sophisticated scams, with collective losses amounting to AUD 2.5 million (USD 1.6 million). According to authorities, over AUD 592,000 of that total was funneled directly through crypto ATMs. Tasmania Police’s Cyber Investigations Unit has now joined a broader nationwide effort to curb the misuse of cryptocurrency for criminal purposes. The Tasmanian victims were typically targeted by scammers who manipulated them into using crypto ATMs after traditional banks flagged their transactions as suspicious. Detective Sergeant Paul Turner said: “Victims…

New Zealand Bans Crypto ATMs in Crackdown on Scams New Zealand becomes the latest country to ban crypto ATMs to disable scammers from exploiting vulnerable citizens. New Zealand is the newest country to break up with crypto ATMs and put international cash transfers on a diet. In an extremely innovative move that is set to rattle scammers across at least three continents, Spokane City Council in Washington also banned crypto ATMs in June. As part of a sweeping reform to its Anti-Money Laundering and Countering the Financing of Terrorism regime, Associate Justice Minister Nicole McKee declared the bane of the…

Major groups, such as the Uniswap Foundation, Solana Policy Institute, and Bitcoin Policy Institute, joined Paradigm to fight a legal battle against the U.S. DOJ to defend the plaintiff, Michael Lewellen, the developer who built a non-custodial crypto wallet and wants to open-source it for others to use. According to the amicus brief filed by Paradigm, this filing will push the justice department’s aggressive use of the criminal statute meant for unlicensed money transmitters (18 U.S.C. § 1960) to go after software developers who clearly aren’t money transmitters. The Crypto War With DOJ Continues  The DOJ has always been under…

Pakistan’s federal government has started a new organization called the Pakistan Virtual Assets Regulatory Authority (PVARA). This group will be in charge of watching over the country’s digital asset industry. According to a report from the English-language newspaper Dawn on Tuesday, PVARA will act as an independent regulator. It will give licenses to companies that offer virtual asset services, and it will check to make sure they follow the rules. It will also make sure Pakistan meets global standards, like those from the Financial Action Task Force (FATF). This news comes after Muhammad Aurangzeb, Pakistan’s Minister of Finance, said in…

The U.S. Securities and Exchange Commission (SEC) has officially started reviewing Trump Media’s request to launch a Bitcoin and Ethereum exchange-traded fund (ETF). This means the SEC now has a limited time to decide whether to approve or reject it. The ETF would let people invest in Bitcoin and Ethereum by buying shares on the NYSE Arca stock exchange. The fund would be made up of 75% Bitcoin and 25% Ethereum, if it approves the request. Crypto.com will secure the cryptocurrency as the custodian, and Yorkville America Digital will manage the fund as its sponsor. This filing comes at a…

The Dubai Land Department (DLD) and Crypto.com have signed an agreement to establish a digital marketplace for real estate investing. This step comes in line with Dubai’s aspiration to become a leading city of technology, smart economy and smart real estate. Under the agreement, the pair will examine the use of blockchain and digital currency in property transactions. It also follows an announcement by the Dubai Government to allow people to pay government fees using digital currencies, a significant move for adoption of cutting-edge technologies in public services. Supporting Dubai’s Real Estate Goals This collaboration is in line with the…