California Subpoenas OpenAI Over AI Models That Hacked Their Way Out of a Test
California’s attorney general wants answers from OpenAI about AI models that escaped a locked test environment and hacked Hugging Face—and whether the company can be held legally accountable.
SEC Proposes Rules to Clear Up How Advisers and Funds Can Hold Crypto
The proposal would let advisers and funds use state trust companies as custodians and permit self-custody under certain conditions, aiming to replace years of ambiguity with a clear compliance path.
FBI Tells Its Employees to Assume Hackers Have Their Personal Data
An internal memo warned FBI staff that ShinyHunters, the group claiming it hacked the bureau’s jobs site, may hold their private details.
Coinbase-Backed Crypto Group Reveals Midterm Endorsements After Clarity Act Collapse
The Coinbase-backed group’s first Senate endorsements—Republicans Jon Husted and Ashley Hinson and Democrat Chris Pappas—come two weeks after the Clarity Act’s collapse, as the industry’s fight shifts to the campaign trail.
SEC Staff Says Token Buybacks Don’t Make Crypto a Security—If the Network Works
New SEC staff guidance says announcing a token buyback on a functional network isn’t a promise that turns the token into a security, a shift one attorney says makes securities laws look “opt-in.”
How Crypto Stopped Waiting for Congress and Learned to Love the Regulators
After the Clarity Act failed in the Senate, the SEC, CFTC, and the Fed moved within days to write crypto’s rules themselves. Will it be enough?
US Prosecutors Want $84.2 Million From a Bank Tied to Tether
Federal prosecutors are targeting a Montana payments firm and a Caribbean bank accused of moving money without a license.
Federal Reserve Unveils Stablecoin Rules on Reserves and Capital
The central bank opened two proposals for comment under the GENIUS Act, requiring issuers it supervises to back tokens fully with safe assets and creating an application process for banks seeking to issue stablecoins.
After Clarity Act Fails, Crypto Super PAC Fairshake Targets Sherrod Brown With $30 Million
The Ohio spending comes days after the Senate blocked the crypto industry’s Clarity Act.
X Sues Two Bitcoin Influencers Over Bot Army That Milked Creator Payouts
A lawsuit accuses UK users of running six coordinated accounts to pull at least $278,000 from X’s now-defunct Creator Revenue Sharing Program.