Aimed at fighting organized crime groups, the new law allows confiscated assets including crypto to be used for ”police re-equipment, training, and special operations.”

Following its successes mobilizing crypto-minded voters in 2024, Stand With Crypto said it would prioritize House races in two US states for the midterms.

The council, co-chaired by White House AI and crypto czar David Sacks and science adviser Michael Kratsios, includes Mark Zuckerberg, Larry Ellison and Jensen Huang.

Despite an IMF warning regarding the potential risks, the Marshall Islands is proceeding with a partnership which could expand its digital sovereign bond to institutional markets.

The task force will work with industry participants to develop regulatory approaches for crypto, AI and prediction markets.

The long-anticipated audit could address years of scrutiny over Tether’s reserve disclosures, though the company has not named the accounting firm.