Tag: Crypto

Brazil Passes Law Allowing Seized Crypto to be Used for Public Security

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Brazil’s public security agencies have a new weapon for fighting organized crime after national legislators approved a measure allowing them to use confiscated cryptocurrency in their efforts. On Wednesday, Brazil’s legislative branch published Law No. 15.358, establishing a legal framework for combating organized crime. The law allows authorities to prohibit transactions on crypto exchanges by treating digital assets as instruments in a crime, and confiscate crypto to be used to fund public security. “For the purposes of forfeiture of assets, any asset that has been used to commit a crime…

White House advances plan to bring crypto and alternative assets to 401(k)

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The White House Office of Information and Regulatory Affairs, tasked with reviewing federal regulations, has finalized its assessment of a Department of Labor proposal (DOL) that would allow roughly $12 trillion in 401(k) assets to flow into alternative investments like crypto and private equity, according to a recent update. OIRA completed its review on March 24 after the proposal entered the review process on January 13. The approval now enables the DOL’s Employee Benefits Security Administration, which enforces fiduciary standards for workplace retirement plans, to publish the rule for public…

Nexo targets family offices with expanded crypto credit and OTC trading services

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Nexo has expanded its private client division, scaling services for high-net-worth individuals and family offices as demand for tailored crypto strategies accelerates. The move follows a 136 percent increase in Nexo Private clients since 2025, reflecting a broader shift among wealthy investors toward more active digital asset management. The expansion comes as crypto’s integration into traditional portfolios deepens. Spot Bitcoin ETFs, including products from BlackRock and Fidelity, attracted more than $30 billion in inflows during their first year, reinforcing crypto’s role as a portfolio diversifier. Industry surveys suggest up to…

Tether launches XAUt on BNB Chain as gold trading moves deeper into crypto

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Tether has launched Tether Gold, XAUt, on BNB Chain, expanding access to its tokenized bullion product as traders continue looking for ways to hold and trade gold inside crypto markets. The rollout adds XAUt to one of the industry’s biggest exchange ecosystems and comes the same day Binance said it would list the token for spot trading against pairs including USDT, BTC, USDC, TRY, and U. The launch lands after a wild stretch for gold. Bullion ripped higher in January as geopolitical tensions pushed investors into safe-haven trades, with spot…

Coinbase Launches Crypto Mortgage Product Tied to Fannie Mae

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Crypto exchange Coinbase Global has launched a mortgage structure with Better Home & Finance that lets qualified borrowers pledge digital assets held in Coinbase accounts to fund down payments on standard conforming mortgages designed in accordance with Fannie Mae guidelines. According to Coinbase, the structure enables borrowers to pledge digital assets such as Bitcoin (BTC) or USDC (USDC) as collateral for a separate loan used to fund the down payment, while the primary mortgage remains a standard, Fannie Mae–backed loan. Better will originate and service the mortgages. When rolled out,…

Brazil enacts new law to convert seized crypto into public funds

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Brazilian President Luiz Inácio Lula da Silva signed Law No. 15,358, which gives judges the authority to freeze, seize, and forfeit crypto and other assets connected to criminal organizations. The law, also known as the Legal Framework for Combating Organized Crime or the Raul Jungmann Law, allows courts to take these measures during investigations, even without a criminal conviction, and includes provisions to turn seized assets into public funds while blocking suspects from maintaining control over them. “With this law, we have the chance to catch those responsible for the…

White House Review Greenlights Proposal for Crypto in 401(k) Plans

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The White House’s Office of Information and Regulatory Affairs (OIRA) has completed its review of a Department of Labor (DOL) proposal that could reshape how 401(k) fiduciaries evaluate alternative assets, including digital-asset exposure. The OIRA’s website shows the review concluded on March 24, with the action marked “consistent with change” and the proposal classified as “economically significant.” The DOL is now expected to publish the proposed rule for a standard 60-day public comment period, which is usually followed by revisions and the issuing of a final rule. The proposal follows…

Mortgage giant Fannie Mae to accept Bitcoin and crypto as collateral for home loans

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Digital assets are making their way into the US housing market as mortgage giant Fannie Mae prepares to accept Bitcoin and other crypto holdings as part of down payments, The Wall Street Journal reported Thursday. The move allows crypto holders to use assets like Bitcoin directly when buying a home through Fannie Mae-backed mortgages. Instead of selling their crypto for US dollars, they can pledge it as part of the down payment, making it easier to access traditional housing finance. The program is being rolled out with Coinbase and Better…

Fenbushi Co-Founder Offers Bounty to Recover $42M Stolen Crypto

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Investigators have frozen about $1.2 million as efforts continue to trace funds lost in a wallet breach linked to a seed phrase compromise. Bo Shen, the co-founder of venture capital firm Fenbushi Capital, offered a bounty to recover about $42 million in digital assets stolen from his personal wallet in a 2022 hack.  Shen said Thursday that he was offering a 10%-20% bounty on the recovered amount to any individual or organization that makes a substantial contribution to recovering the assets. Shen said onchain investigators ZachXBT and Taylor “Tayvano” Monahan had…

UK Pushes Ahead Temporary Ban Crypto Political Donations

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The UK government is advancing plans for a moratorium on political donations made through cryptocurrencies, following an independent review and pressure from multiple high-ranking politicians. Cointelegraph reported on Wednesday that the Rycroft Review, an independent inquiry into foreign financial interference in the UK’s political and electoral systems, recommended a moratorium on crypto donations to political parties. New statements from UK Prime Minister Keir Starmer on Wednesday have confirmed that they will pursue the temporary ban. “I can tell the House we will act decisively to protect our democracy. That will…