Latest cryptocurrency news. Bitcoin, Ethereum, and digital asset coverage.
The CFTC has opened rulemaking for a federal framework covering leveraged and margined crypto trading after Congress failed to advance broader crypto legislation. The proposed rules aim to give eligible exchanges a national regulatory pathway and strengthen market oversight and consumer protections.
The U.S. Treasury sanctioned Iranian digital-asset exchange BitBank, its software developer and three associates of financier Babak Zanjani. Treasury said Zanjani used BitBank between June and July to facilitate transfers of hundreds of millions of dollars' worth of Bitcoin to Iran's Islamic Revolutionary Guard Corps. It also said Hormuz Safe Marine Services Authority has used BitBank since June to transfer payments received to the Iranian government. The action extends U.S. sanctions enforcement into digital-asset infrastructure connected to Iran's financial networks.
