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The Independent Community Bankers of America has taken the Office of the Comptroller of the Currency to federal court, arguing that a rule letting crypto firms obtain national trust bank charters has created an unregulated fourth category of banking.
The House Oversight Committee has asked Hyperliquid, Crypto.com and PredictIt operator Aristotle Exchange to hand over user-verification and trading-surveillance records, following a leveraged short position that turned a profit of more than $150 million around Donald Trump's tariff announcement.
Tether says it has frozen roughly $550 million in USDT linked to the Central Bank of Iran and sanctions-evasion networks, acting in coordination with the US Treasury's Operation Economic Outcast.
A civil forfeiture complaint filed on July 15 targets $84.2 million held by Capstone Ltd., which prosecutors allege acted as an intermediary for transfers connected to Tether and Bitfinex, as EQIBank's bid to recover the frozen funds was rejected in California.
The FBI's Operation Blackout shut more than 500 fraud sites and warned over 10,000 potential US victims, but the headline $15 billion figure is largely the paper value of one bitcoin lot already in government custody, tied to Cambodia's Prince Holding Group.
Prosecutors in Manhattan and DOJ's Criminal Division are examining whether Binance knew about and allowed transactions tied to Iranian oil sales, following a $61 million civil forfeiture case.