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Crypto
UK ranks crypto third economic crime priority, tightens money laundering probes
British investigators have identified crypto assets as a key risk factor in tackling money laundering and fraud and are moving to strengthen their investigative capabilities. Crypto assets were classified as the third item among the United Kingdom\'s nine economic crime response priorities. The National Economic Crime Centre said criminal groups use cryptocurrencies to evade detection and move illicit funds at scale, and it plans a more proactive, intelligence-led approach.
Crypto
U.S. senator urges ban on elected officials issuing meme coins
U.S. Senator Kirsten Gillibrand has proposed barring the president, members of Congress and their spouses from issuing or sponsoring their own digital assets. She cited the need to address conflicts of interest, mentioning meme coins linked to Donald Trump and Melania Trump. Gillibrand said elected officials and spouses should not issue meme coins and argued the restriction could win bipartisan support. She tied the proposal to talks over the Senate’s Clarity market-structure bill.
Crypto
U.S. 5 labor groups submit letter opposing CLARITY Act, warning retirement pensions at risk
Five major U.S. labor groups have formally voiced opposition to the CLARITY Act, a crypto market-structure bill, urging all senators to vote against it ahead of a Senate Banking Committee review. The groups said the bill could undermine the stability of workers’ retirement pension systems, including public pensions, by integrating cryptocurrencies into the real economy without sufficient safeguards. They also criticised provisions on stablecoin interest and rewards.