List of Flash News about DOJ crypto seizure
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2025-07-02 21:24 |
U.S. Crypto Market Structure Bill Targets September 30 Deadline; DOJ Seizes $225M in Anti-Scam Push
According to @timnitGebru, two significant U.S. developments are shaping the cryptocurrency trading landscape. Firstly, Senator Tim Scott has accelerated the timeline for a comprehensive crypto market structure bill, now targeting completion by September 30. This push for regulatory clarity, supported by Senator Cynthia Lummis, aims to establish clear rules for the digital asset market and could be a bullish catalyst, potentially contributing to recent positive market sentiment. Concurrently, the Department of Justice's recent seizure of $225 million tied to "pig butchering" scams demonstrates a stronger enforcement posture, as highlighted by former acting U.S. Attorney Phil Selden. He described the move as a "tone-setting case" intended to protect victims and signal a crackdown on illicit financial networks. These regulatory and enforcement actions coincide with a short-term uptick in the market, with Ethereum (ETH) showing notable gains, such as ETHUSDT rising 4.81% and ETHUSD increasing by 5.41% in 24 hours. |