AP
WASHINGTON (AP) — Congress has struggled to pass major legislation this year, putting off debates on annual spending, defense, cryptocurrency …
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Senate Democrats have blocked legislation to create a new regulatory framework for cryptocurrency. In doing so, they are stalling an industry-backed effort to place new guardrails around digital assets after demanding more limits on President Donald Trump’s investments. Tuesday's vote was a pivotal election-year test for the $2.3 trillion cryptocurrency market and came as Trump has amassed significant crypto wealth while in office. While some Democrats are friendly toward the industry and support the idea of regulation, they have been adamant that the bill include strong ethics safeguards to prevent Trump and his family from enriching themselves in office.
WASHINGTON (AP) — President Donald Trump had been hearing the message loud and clear for weeks about the sweeping cryptocurrency bill being wr…
WASHINGTON (AP) — President Donald Trump has agreed to a significant portion of a stringent ethics proposal that is part of broader cryptocurr…
LONDON (AP) — Reform UK, the anti-immigration party led by Brexit campaigner Nigel Farage, received 72 million pounds ($97 million) from two c…
A 22-year-old man from Singapore has pleaded guilty to teaming up with friends to steal nearly a quarter-billion dollars in bitcoin from a Washington, D.C., resident and then embarking on a wild spending spree with the laundered proceeds. Malone Lam faces a maximum prison sentence of 20 years after pleading guilty on Tuesday to a federal racketeering conspiracy charge. U.S. District Judge Colleen Kollar-Kotelly didn’t immediately schedule Lam’s sentencing. Prosecutors say Lam was an organizer for a network of young men who carried out a string of crypto scams. In August 2024, Lam and others used “social engineering” techniques to dupe Washington man out of bitcoin worth over $245 million.
A 22-year-old man from Singapore is expected to plead guilty this week in Washington to orchestrating one of the largest cryptocurrency thefts in U.S. history, duping a stranger out of bitcoin worth over $240 million. Malone Lam's conviction would be a major milestone in a case that already has led to guilty pleas by several co-conspirators. The scammers who duped a man into turning over the virtual keys to his crypto holdings celebrated the August 2024 heist by embarking on a wild spending spree. The case is an extreme example of an increasingly common form of cybercrime at a time when the Trump administration is relaxing industry regulation.
This Justice Department court filing in the case against Hamza Doost and Kunal Mehta, that includes a photo of Malone Lam, is photographed Friday, Sept. 4, 2026. (AP Photo/Jon Elswick)
This Justice Department court filing in the case against Hamza Doost and Kunal Mehta, that includes a photo of Malone Lam, is photographed Friday, Sept. 4, 2026. (AP Photo/Jon Elswick)
This Justice Department court filing in the case against Hamza Doost and Kunal Mehta, that includes a photo of Malone Lam, is photographed Friday, Sept. 4, 2026. (AP Photo/Jon Elswick)