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Block Inc., the parent company of Cash App, has agreed to pay $40 million to settle allegations by New York regulators over significant compliance failures related to anti-money laundering (AML) and consumer protection practices. The settlement, announced Thursday by the New York Department of Financial Services (NYDFS), follows a multi-year investigation into Block’s handling of compliance protocols on its flagship …

As global markets breathe a sigh of relief following former President Donald Trump’s announcement to pause proposed tariffs on key imports, the crypto world is showing mixed reactions — and Solana (SOL) is at the center of the buzz. After briefly dipping earlier this week, Solana’s price has shown signs of stabilizing near $132, leading many investors to ask: Is …

In a significant shift for cryptocurrency regulation, President Donald Trump has signed into law a bill that repeals the IRS’s DeFi broker reporting rule, effectively reversing a key provision of the Biden administration’s crypto policy framework. The rule, originally part of the 2021 Infrastructure Investment and Jobs Act, required certain participants in decentralized finance (DeFi) protocols and digital asset services …

New York Attorney General Letitia James is urging Congress to implement a comprehensive federal regulatory framework for cryptocurrencies, citing a surge in fraud and consumer abuse tied to the largely unregulated digital asset sector. In a formal letter submitted to the heads of several congressional committees, James outlined a series of recommendations aimed at establishing stronger oversight, transparency standards, and …

The U.S. Securities and Exchange Commission (SEC) has officially dropped its lawsuit against a core developer of the Helium Network, ending a months-long legal battle that had raised broader questions about the classification of crypto assets as securities. The case, originally filed in mid-2024, alleged that the developer had participated in the unregistered offering and sale of securities through the …