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Crypto

U.S. seeks forfeiture of $61 million in crypto tied to alleged Iran oil payment laundering via Binance accounts

U.S. federal prosecutors are seeking civil forfeiture of about $61 million in cryptocurrency they say is linked to proceeds from Iran’s black-market sales of sanctioned crude oil and petroleum products. Prosecutors filed a civil complaint and alleged the funds could have been used by Iran’s government, military and the Islamic Revolutionary Guard Corps. The complaint names two China-linked firms and identifies an interconnected wallet network that allegedly moved more than $1.5 billion.

Crypto

Hunter Biden to launch \'LAPTOP\' memecoin tied to laptop controversy

Hunter Biden (헌터 바이든) will launch a memecoin called LAPTOP, themed on the laptop controversy surrounding him, on Coinbase-built Base on Sept. 9. The token supply totals 1 billion, with 200 million set aside for two airdrops. Eligible recipients include wallets that lost money investing in U.S. President Donald Trump\'s TRUMP memecoin, Biden\'s Substack subscribers and subscribers to Andrew Callaghan\'s mailing list. The project also outlines founder allocations and conditional token burns.

Crypto

U.S. Democrats signal scrutiny of Trump\'s crypto business, adding uncertainty to Clarity bill

If U.S. Democrats win a House majority in November\'s midterm elections, opening investigations into President Donald Trump\'s finances and cryptocurrency business could become Congress\' top priority, raising the risk that the market-structure Clarity bill remains stalled. Democrats are tying support for the bill to addressing potential conflicts of interest involving the Trump family\'s crypto ventures. Republican delays on subpoenas and hearings could be reversed if control shifts, while Senate action on the bill has been pushed back.