Topic: #law-and-order
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CoinEx denies knowingly aiding Iran's crypto market despite $3.84B flow
TRM Labs reported that over $3.84 billion has flowed between CoinEx and more than 60 Iranian platforms, with the Seychelles exchange serving as the "single biggest lifeline" for Iran's crypto ecosystem. CoinEx rejected the allegations, saying it operates as a neutral global exchange with no state ties.
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Kalshi sues Illinois over 15% sports prediction market tax
Kalshi filed a federal lawsuit against Illinois on Wednesday, challenging a new state tax on sports-related prediction markets set to launch July 1. The 15% gross-receipts tax puts the company at odds with federal regulators who oversee prediction markets.
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Catholic Leaders Warn Clarity Act Could Enable Human Trafficking
A coalition of 82 Catholic leaders sent a letter to Senate leadership opposing a key provision of the Clarity Act that would exempt crypto software developers from criminal prosecution, arguing it could hinder monitoring of illicit financial activity tied to trafficking and organized crime.
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Rep. Steil Introduces Bill to Ban Lawmakers' Prediction Market Bets
Rep. Bryan Steil introduced legislation Thursday barring members of Congress, their spouses, and dependent children from wagering on prediction markets tied to government actions or elections, with penalties up to $2,000 or 10% of the wager's value.
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Ireland launches 30-point plan to combat crypto-asset financial crime
Ireland released a National Risk Assessment on June 18, 2026, naming crypto-asset misuse as a key threat and rolling out a 30-point action plan with enhanced safeguards for digital finance and new enforcement powers for AML supervisors.
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Bithumb CEO Lee Jae-won booked on bribery suspicion over legislator's relative
South Korean police have placed Bithumb CEO Lee Jae-won under investigation for allegedly hiring a lawmaker's son in exchange for favorable regulatory treatment and legislative support against a rival exchange.
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Treasury Secretary Bessent: U.S. Seized $1B Crypto From Iran
Treasury Secretary Scott Bessent disclosed that the U.S. government has seized approximately $1 billion in cryptocurrency from entities linked to Iran, stating the government "outright grabbed" wallets in a sweeping crackdown.
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Spain Blocks Polymarket and Kalshi Over Gambling Law Violations
Spain's gambling regulator has blocked Polymarket and Kalshi, citing violations of gambling laws and lack of required administrative authorization. The platforms face three to four months of suspension as disciplinary proceedings unfold, marking the latest regulatory action against prediction markets globally.
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UK Sanctions HTX Over Alleged Russia Financial Services
Britain's government sanctioned HTX and other crypto firms for allegedly providing financial services to Russian entities, barring all UK institutions from doing business with the exchanges and requiring asset freezes on related transactions.
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Kraken Secures VARA License for Regulated Dubai Operations
Kraken's parent company Payward received preliminary broker-dealer authorization from Dubai's Virtual Asset Regulatory Authority, enabling the exchange to offer spot and margin trading, staking, and OTC services to UAE retail and professional investors.