📰 OKX's Rafique doubts Clarity Act will pass, warns optimism is already priced into bitcoin
OKX's Haider Rafique said he is increasingly pessimistic that the Clarity Act will clear Congress this year, arguing political realities rather than policy disagreements are the biggest obstacle to the landmark crypto market structure bill.
Rafique, who is the exchange’s global managing partner for Corporate Affairs and Investor Relations, said Democrats have little incentive to hand Republicans a major legislative victory ahead of this year's midterm elections, particularly given criticism surrounding President Donald Trump's ties to the crypto industry.
🔗 Source: CoinDesk
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OKX's Haider Rafique said he is increasingly pessimistic that the Clarity Act will clear Congress this year, arguing political realities rather than policy disagreements are the biggest obstacle to the landmark crypto market structure bill.
Rafique, who is the exchange’s global managing partner for Corporate Affairs and Investor Relations, said Democrats have little incentive to hand Republicans a major legislative victory ahead of this year's midterm elections, particularly given criticism surrounding President Donald Trump's ties to the crypto industry.
🔗 Source: CoinDesk
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📰 Bybit sues North Korea and Lazarus Group over $1.5 billion hack, secures asset freeze
Bybit, the world’s second-largest cryptocurrency exchange, has filed a civil lawsuit against the Democratic People's Republic of Korea (DPRK), its Reconnaissance General Bureau (RGB) intelligence agency and the Lazarus Group, identified as the DPRK-linked hacking group responsible for stealing $1.5 billion from the exchange last year.
In addition to the lawsuit, filed in the U.S. District Court for the District of Columbia, Bybit said it won a preliminary injunction freezing certain stolen assets held by a group of unidentified individuals and entities, named in the case as John Doe defendants, the exchange said in a press release on Friday.
🔗 Source: CoinDesk
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Bybit, the world’s second-largest cryptocurrency exchange, has filed a civil lawsuit against the Democratic People's Republic of Korea (DPRK), its Reconnaissance General Bureau (RGB) intelligence agency and the Lazarus Group, identified as the DPRK-linked hacking group responsible for stealing $1.5 billion from the exchange last year.
In addition to the lawsuit, filed in the U.S. District Court for the District of Columbia, Bybit said it won a preliminary injunction freezing certain stolen assets held by a group of unidentified individuals and entities, named in the case as John Doe defendants, the exchange said in a press release on Friday.
🔗 Source: CoinDesk
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📰 BitMEX sale collapsed as buyers balked at founder ownership and shrinking business
Before once-popular crypto exchange BitMEX announced plans to wind down operations, it spent two years exploring a sale with multiple prospective buyers including competitor exchanges and payments platform Exodus, but failed to clinch a deal, according to a person familiar with the matter.The would-be acquirers, the person said, were put off by the company's founder-led ownership structure, its shrinking business, andlingering reputational issues.
CoinDeskreported in early 2025 that investment bank Broadhaven was advising the Seychelles-based company on a sale process.
🔗 Source: CoinDesk
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Before once-popular crypto exchange BitMEX announced plans to wind down operations, it spent two years exploring a sale with multiple prospective buyers including competitor exchanges and payments platform Exodus, but failed to clinch a deal, according to a person familiar with the matter.The would-be acquirers, the person said, were put off by the company's founder-led ownership structure, its shrinking business, andlingering reputational issues.
CoinDeskreported in early 2025 that investment bank Broadhaven was advising the Seychelles-based company on a sale process.
🔗 Source: CoinDesk
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📰 Trump Media pulls back from crypto, scraps Crypto.com's CRO token treasury deal
Trump Media (DJT) is unwinding parts of its crypto push, including scrapping plans to establish a publicly traded CRO token accumulation company, which it unveiled near the height of last year's digital asset treasury boom.
Trump Media, Crypto.com and special purpose acquisition company Yorkville Acquisition mutually terminated plans for Trump Media Group CRO Strategy, the firmssaidFriday, citing “prevailing market conditions, and shifting business and stakeholder priorities.”
🔗 Source: CoinDesk
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Trump Media (DJT) is unwinding parts of its crypto push, including scrapping plans to establish a publicly traded CRO token accumulation company, which it unveiled near the height of last year's digital asset treasury boom.
Trump Media, Crypto.com and special purpose acquisition company Yorkville Acquisition mutually terminated plans for Trump Media Group CRO Strategy, the firmssaidFriday, citing “prevailing market conditions, and shifting business and stakeholder priorities.”
🔗 Source: CoinDesk
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📰 Donald Trump’s media company to terminate Crypto.com deal
The president’s company will unwind an agreement with Crypto.com to create a multibillion-dollar CRO treasury and reportedly not integrate prediction markets onto Truth Social.
🔗 Source: Cointelegraph
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The president’s company will unwind an agreement with Crypto.com to create a multibillion-dollar CRO treasury and reportedly not integrate prediction markets onto Truth Social.
🔗 Source: Cointelegraph
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#Crypto #News