Gunnar Strömmer reportedly said that Swedish authorities had confiscated more than $8.3 million worth of criminal profits since a law related to seizures was passed in 2024.
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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Sweden’s justice minister says to ‘turn up the pressure’ on crypto seizures - News
Turkish authorities block PancakeSwap in crackdown on crypto websites The decentralized exchange was one of 46 websites Turkey's financial regulator said would be blocked for residents.
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WhiteRock founder to be extradited over $30M ZKasino case — ZachXBT WhiteRock Finance founder Ildar Ilham was reportedly detained in the UAE more than a year after Dutch authorities announced an arrest linked to ZKasino.
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Tornado Cash co-founder keeps testimony plans unclear ahead of trial Roman Storm is scheduled to appear in a New York courtroom for his criminal trial on July 14, facing money laundering and conspiracy charges.
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IRS division failed to meet standards for seizing crypto, says watchdog Based on an evaluation between December 2023 and January 2025, the IRS Criminal Investigation did not always follow guidelines around seizing and holding crypto in cases.
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Trump’s crypto ventures have added $620M to his net worth — Report With the US president’s ties to his family-backed business, World Liberty Financial, and a memecoin launch, Donald Trump has seen his personal wealth increase by millions in 2025.
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Connecticut governor approves law prohibiting crypto use in government Many provisions of the legislation, which received overwhelming support in the state House and Senate, take effect on Oct. 1.
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US Senate passes Trump’s budget bill without provision on crypto taxes Wyoming Senator Cynthia Lummis had proposed that the legislation address double taxation for cryptocurrency miners and stakers.
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Crypto PAC-backed candidate wins Virginia primary for vacant House seat Protect Progress, an affiliate of the cryptocurrency-backed Fairshake PAC, spent more than $1 million on media buys to support Democratic candidate James Walkinshaw.
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Spanish authorities arrest five people in $541M crypto fraud case Europol reported that the investigation was ongoing, but authorities had made five arrests connected to a scheme that defrauded more than 5,000 people.
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US Supreme Court will not review IRS case involving Coinbase user data A lower court ruling will stand in a case involving a Coinbase user who filed a lawsuit against the IRS after the crypto exchange turned over transaction data.
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Texas makes gold, silver legal tender following governor’s approval Governor Greg Abbott signed a bill into law allowing Texas residents to use precious metals for “day-to-day financial transactions” starting in May 2027.
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Crypto backers eye New York City mayoral race as next battleground 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.
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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.