USA | ForkLog - Part 27

ForkLog 20 10.05.2025

Elizabeth Warren Opposes Stablecoins from Major Corporations

The GENIUS Act requires revision to prevent corporations from “issuing their own money,” stated U.S. Senate Banking Committee member Elizabeth Warren in a comment to CoinDesk. “The Senate must amend GENIUS to prohibit large tech companies and other commercial giants from owning or being affiliated with stablecoin companies,” she noted. The bill failed to pass […]

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ForkLog 72 09.05.2025

Zerebro Developer Stages Suicide Hoax

The founder of Zerebro, Jeffy Yu, was found alive at his parents’ home three days after a video of his “suicide” was released. This was reported by the San Francisco Standard. The fake death of the 22-year-old creator of Legacoin (LLJEFFY) triggered a 2115% surge in the meme coin’s value, with its market capitalization soaring […]

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ForkLog 39 09.05.2025

Stablecoin Bill Stumbles in Key US Senate Vote

On May 8th, the stablecoin bill (GENIUS Act) failed to pass a crucial procedural vote in the US Senate. This occurred after several Democrats refused to bring the document to the floor of the upper chamber of Congress, reports Decrypt. Among those opposing were Ruben Gallego of Arizona, Mark Warner of Virginia, Lisa Blunt Rochester […]

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ForkLog 21 09.05.2025

Virginia Man Sentenced to 30 Years for Crypto Transfers to Terrorists

Mohammed Azharuddin Chhipa, a 35-year-old resident of Virginia, will spend 30 years and four months in prison for transferring $185,000 in cryptocurrency to the terrorist group ISIS, reported the US Department of Justice. Source: TRM. From 2019 to 2022, Chhipa raised funds through social media and personal meetings, converted them into cryptocurrency, and transferred them […]

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ForkLog 37 09.05.2025

Celsius Founder Sentenced to 12 Years in Prison

On May 8, a New York court sentenced Celsius founder Alex Mashinsky to 12 years in prison. The former CEO will also forfeit $48 million and real estate, according to Reuters. In December 2024, Mashinsky pleaded guilty to commodities fraud and manipulating the price of the CEL token. Judge John Keltl described the crimes as […]

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ForkLog 65 08.05.2025

Robinhood to Launch Blockchain Platform for Stock Trading in Europe, Reports Say

Online broker Robinhood is developing a blockchain platform to facilitate trading of U.S. securities in the European market, according to Bloomberg, citing its own sources. “The project is likely to be launched in collaboration with a company specializing in digital assets,” insiders reported. Sources suggest that blockchain Arbitrum is being considered as a potential partner, […]

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ForkLog 22 08.05.2025

Arizona Becomes Second U.S. State to Establish Crypto Reserve Law

Arizona has enacted a law that technically establishes a crypto reserve in the state from unclaimed digital assets. ✅Arizona Enacts New Law to Secure Unclaimed Digital Assets and Establish Bitcoin Reserve Fund “Digital assets aren’t the future—they’re the present. This law ensures Arizona doesn’t leave value sitting on the table and puts us in a […]

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ForkLog 118 08.05.2025

Binance Founder Seeks Pardon from Trump

Changpeng Zhao (CZ), the founder and former CEO of Binance, confirmed on the Farohk Radio podcast that he has submitted a pardon request to U.S. President Donald Trump. This occurred two weeks ago. In September 2024, CZ was released. The entrepreneur served a four-month sentence on charges of money laundering and other illegal activities. As […]

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ForkLog 12 07.05.2025

Majority of Top TRUMP Token Holders Reside Outside the US, Reports Suggest

Among the potential attendees of an exclusive gala dinner hosted by US President Donald Trump—comprising the 25 largest holders of TRUMP—most are not residents of the country. This conclusion was reached by Bloomberg. Diagram of the shares of the largest TRUMP holders (orange—presumed non-US wallets, blue—US residents, hatching—candidates for the gala dinner). Data: Bloomberg. According […]

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ForkLog 41 07.05.2025

New Hampshire Pioneers Bitcoin Reserve Legislation in the US

New Hampshire has become the first US state to permit its government to invest in cryptocurrencies such as Bitcoin. The legislation was signed by Governor Kelly Ayotte. New Hampshire is once again First in the Nation! ? Just signed a new law allowing our state to invest in cryptocurrency and precious metals. pic.twitter.com/ua9bawZKbM — Governor […]

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ForkLog 158 07.05.2025

Trump’s Crypto Ventures Under Scrutiny for Conflict of Interest

Democrats have accused Republicans of systematically ignoring Donald Trump’s conflict of interest related to his ties in the crypto sphere. Senator Chris Murphy proposed a bill prohibiting federal officials from promoting meme coins for personal gain. Senator Richard Blumenthal initiated an investigation into Trump’s crypto connections, demanding disclosure of financial flows and ownership structure. Democrats […]

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ForkLog 33 06.05.2025

Alex Mashinsky’s Lawyers Seek to Reduce Prison Sentence to One Year

The defense team for Celsius founder Alex Mashinsky has requested the court to limit his prison sentence to one year, rejecting the U.S. Department of Justice’s recommendation of a 20-year term. The lawyers described the prosecution’s demands as a “death sentence” for the 59-year-old entrepreneur. In December 2024, Mashinsky pleaded guilty to commodities fraud and […]

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