Zohran Mamdani defeated Andrew Cuomo in the Democratic primary for New York City’s mayoral election, but he’ll be competing in a field where digital assets could be an issue.
Turner Wright
Turner Wright is a senior policy reporter at Cointelegraph, focusing on US laws and regulations related to digital assets. He writes features and news stories for the website and Cointelegraph Magazine, and is sometimes featured in one of the publication’s podcast series. He holds a bachelor’s degree in aerospace engineering from the University of Texas at Austin and started as a freelance journalist covering issues in Japan and around the world, joining the Cointelegraph team in 2020. Turner has no crypto holdings above Cointelegraph’s disclosure threshold of $1,000.
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Crypto backers eye New York City mayoral race as next battleground - News
Anchorage ‘Safety Matrix’ faces backlash over stablecoin delistings Nick van Eck, co-founder and CEO of Agora, behind one of the stablecoins Anchorage said it would phase out, claimed inaccuracies and an inconsistently applied framework.
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Banking Committee chair sets September goal for market structure bill After passing the GENIUS stablecoin bill, Republican leadership on the Senate Banking Committee has turned its sights to digital asset market structure.
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UAE company invests $100M in Trump family-backed crypto business The reported business deal would make the “Web3-native fund” one of World Liberty Financial's biggest tokenholders, with more than Tron founder Justin Sun.
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US prosecutor intervenes in FTX-linked case, suggests resolution without trial The interim US Attorney for the Southern District of New York requested an exclusion so prosecutors and defense lawyers may discuss a “potential resolution” for Michelle Bond's case.
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Crypto exchange Kraken secures MiCA license in Ireland Several exchanges have announced MiCA licenses this year, following requirements being enforced in 2024 to offer digital asset services in the EU.
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US Senator sets 2026 goal for two crypto bills Cynthia Lummis said she expects the CLARITY Act and GENIUS Act to pass through Congress and be ready for the president’s signature by the end of the year.
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US crypto law shift may influence case against Terraform Labs founder In a Wednesday status conference, the judge overseeing the Terraform Labs co-founder’s case reportedly said he was “mindful of the GENIUS Act.”
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Many senators absent from ‘bipartisan’ crypto market structure hearing Only five US senators out of the 11 typically on the digital assets subcommittee were available to ask questions about a potential market structure bill.
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NYC mayor lays out crypto plans as city residents vote in Democratic primary Mayor Eric Adams criticized Andrew Cuomo’s approach to crypto as New York governor, as voters in the Democratic primary prepare to choose their candidate for the November election.
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Ex-US top regulator warns of conflicts of interest as Senate weighs market structure The US Senate Banking Committee’s digital assets subcommittee will hear testimony from former CFTC Chair Rostin Behnam and lawyers at Coinbase and Multicoin Capital.
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Trump Media says $400M stock buyback won’t affect BTC treasury plans Trump Media’s recently announced $400-million buyback plan will not alter its strategy of using $2.3 billion to invest in Bitcoin, according to the company.
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Democratic senator introduces bill to address Trump’s crypto ties The proposed bill from Senator Adam Schiff followed similar legislation in the House of Representatives from Maxine Waters in response to the president's memecoin dinner.
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As stablecoin bill heads to House, Senate shifts to market structure The digital assets subcommittee in the Senate will hold a Tuesday hearing to discuss a bipartisan effort to establish a crypto market structure.
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Reddit weighs World’s scanning orbs for user verification — Report Many users said they would delete accounts or consider moving to another platform if Reddit were to adopt World’s verification system.
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Norway’s government explores crypto mining ban amid energy supply concerns A temporary ban could be imposed as early as autumn based on an investigation into crypto miners’ energy consumption.
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Crypto user attacked in France over Ledger hardware wallet — Report The latest reported “wrench attack,” in which criminals targeted individuals for their crypto holdings, occurred in the suburbs of Paris this week.
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Kraken moves HQ to Wyoming, cites regulatory environment The crypto exchange is setting up a new headquarters for the first time since shuttering its San Francisco office in 2022, following reports of employees being attacked.
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Polymarket gives US stablecoin bill 89% chance of becoming law The platform launched the betting market for the GENIUS Act after the US Senate passed it on Tuesday.
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Trump family’s company cuts stake in World Liberty Financial by 20% — Report An umbrella company controlled by the president and his family has reportedly been reducing its stake in World Liberty Financial since December 2024.
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US DOJ files to seize $225M in crypto tied to pig butchering schemes Justice Department officials did not go into great detail regarding the investment scam, but said that more than 400 suspected victims had lost millions of dollars.
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New York authorities freeze $300K linked to crypto scammers Officials reported that scammers had used crypto to pay for fake digital asset investment ads on social media platforms, leading to more than $1 million in losses for victims.
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Healthcare company onboards Trump crypto adviser, buys $20M BTC The initial purchase of more than 187 BTC was part of a larger strategy to “substantially increase its Bitcoin holdings,” according to Prenetics.
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US Senate passes GENIUS stablecoin bill in 68-30 vote The bill passed without amendments to address Donald Trump’s connections to World Liberty Financial’s stablecoin, which many Democrats had been calling for.
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SEC opens Franklin Templeton XRP, SOL ETF proposals to comments The Tuesday notices will push the SEC's deadline to approve or disapprove of the ETFs to late July, though it could be delayed further at that time.
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Coinbase seeks SEC approval for ‘tokenized equities’ — Report If approved by the US regulator, the investment offering could have Coinbase competing against other stock trading platforms.
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Polyhedra cites liquidity attacks, Wintermute deposits behind ZKJ price drop The project said several wallets had “coordinated a liquidity attack with an egregious malicious attempt” followed by “aggressive ZKJ sell-offs.”
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Coinbase slammed for backing US Army parade US President Donald Trump promoted a 250th anniversary celebration of the Army that coincided with his birthday, leading to a sharp divide in how many Americans spent June 14.
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Former Blockchain exec joins SEC as director of trading and markets The former global head of institutional markets for Blockchain.com and a partner at a Washington, DC-based law firm will be the latest additions to SEC staff.
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Ethereum Foundation pledges $500K to Roman Storm’s defense Roughly two years after the initial indictment, the Tornado Cash developer’s criminal trial is expected to begin on July 14.