Saipriya pradhan

U.S. Senate Moves Toward Action on Stablecoin Bill

The U.S. Senate may soon vote on legislation that would establish U.S. regulations for the issuers of stablecoins, also marking the first time the chamber has considered a major crypto bill. Senate Majority Leader John Thune, a South Dakota Republican, started the ball rolling to fast-track the Guiding and Establishing National Innovation for U.S. Stablecoins…

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U.S. Government Begins to Sever Cambodia’s Huione Group from Financial System

The U.S. Treasury Department proposed cutting off the Cambodia-based Huione Group from the U.S. financial system, citing the cyber-crime help the illicit marketplace gives to North Korean hackers and other criminal groups. The Telegram-based operation has been a “critical node for laundering proceeds of cyber heists” and aiding in so-called “pig butchering” scams that typically…

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