Crypto Regulations

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FTX to Begin Distributing Over $5B in Stablecoins to Creditors on May 30: What Percentage Will Flow Back to Crypto Markets?

May 30th marks a pivotal moment in the FTX bankruptcy saga as the FTX Recovery Trust officially begins distributing over $5 billion in stablecoins to creditors. This represents the second major payout in the Chapter 11 reorganization plan, following the $1.2 billion distribution in February.

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SafeMoon CEO Convicted in Multi-Million Dollar Crypto Fraud Scheme

A federal jury in Brooklyn, New York has convicted Braden John Karony, the former Chief Executive Officer of cryptocurrency company SafeMoon LLC, on all counts of a three-count indictment including conspiracy to commit securities fraud, wire fraud, and money laundering. The verdict comes after a comprehensive 12-day trial presided over by United States District Judge Eric R. Komitee and marks one of the most significant cryptocurrency fraud cases to date.

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Stop TRUMP in Crypto: Democrats Propose Bill to Curb Presidential Crypto Dealings

In a direct challenge to President Donald Trump’s cryptocurrency endeavors, Representative Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, introduced the “Stop TRUMP in Crypto Act of 2025” on Thursday. The timing was strategic, coinciding with Trump’s controversial private dinner at his golf club with the top 220 holders of his meme coin.

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