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After the token’s collapse, Milei requested the Anti-Corruption Office to investigate all government members, including himself, for potential misconduct, with the findings to be shared with the courts, Argentina’s presidential office said in a statement.
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Argentina’s presidential office didn’t immediately respond to a request for comment.
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In a Jan. 20 notice from the White House, President Donald Trump said Uyeda would replace outgoing SEC Chair Gary Gensler in an acting capacity until the US Senate could confirm one of his nominees. Uyeda, a Republican, has served at the SEC since 2022 after being nominated by former US President Joe Biden.
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US Securities and Exchange Commission member Mark Uyeda will be acting chair of the financial regulator as of Jan. 20 following an announcement from the Trump administration.
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Known for his “anarcho-capitalist” views, Milei has gained frequent praise from high-profile figures like billionaire Elon Musk, who will lead the newly created Department of Government Efficiency with a mission to cut federal programs, slash regulations, and streamline government operations.
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Javier Milei was the first foreign leader to meet with Donald Trump after the election, flying from Buenos Aires to the president-elect’s Mar-a-Lago club after the election.
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Notably, Tornado Cash developer Alex Pertsev was found guilty of money laundering by Dutch judges at the s-Hertogenbosch Court of Appeal on May 14. He was sentenced to five years and four months for allegedly laundering $1.2 billion worth of illicit funds despite Tornado Cash being a non-custodial cryptocurrency mixer.
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The decision raises significant concerns for blockchain software developers, considering that other code developers have already been sanctioned for how their software is being used.
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The IRS’ rulemaking puts “unlawful compliance burgers on software developers” building front-end trading infrastructure, wrote the Blockchain Association.
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Under the new rules, if a decentralized finance (DeFi) platform facilitates the exchange or sale of digital assets — even through smart contracts — and exercises sufficient control or influence over the transaction process, it could meet the definition of a broker.
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“We stand with our nation’s innovators and will continue working to ensure the future of crypto – and DeFi – is here in the United States,” added Smith.
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In response to the new rules, the Blockchain Association and the Texas Blockchain Council filed a lawsuit against the IRS, announced Kristin Smith, the CEO of the Blockchain Association, in a Dec. 28 X post:
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Set to take effect in 2027, the rules mandate that brokers disclose gross proceeds from sales of cryptocurrencies and other digital assets, including information regarding taxpayers involved in the transactions.
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On Dec. 27, the IRS issued final regulations requiring brokers to report digital asset transactions, expanding existing reporting requirements to include front-end platforms, such as decentralized exchanges (DEXs).
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The Blockchain Association is pushing back against the latest cryptocurrency regulatory move of the United States Internal Revenue Service (IRS) with a joint lawsuit.
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Futures contracts are standardized agreements to buy or sell an underlying asset at a future date. They play a critical role in hedging strategies and are also popular for speculation.
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PancakeSwap closed a record year in terms of cryptocurrency trading volume, owing to growing interest in decentralized exchanges and the expansion of layer-2 blockchain networks.
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In a Dec. 18 report from South Korean news outlet Dong-A Ilbo, prosecutors reportedly said Kim “obstructed the National Assembly Ethics Committee’s review” of his assets.
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Kim allegedly reported that his total holdings were worth 1.2 billion Korean won ($825,600) in 2021 despite owning 9.9 billion won in digital assets and concealing 990 million won in crypto holdings in 2022.
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Kim Nam-kuk, a South Korea National Assembly member, faces a six-month jail sentence for allegedly not reporting his entire cryptocurrency holdings to the government.
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