Weekly Crypto Regulation News Roundup: Trump’s Crypto Links Spark Ethics Concerns, Stablecoin Framework in Limbo

Crypto governance has experienced a busy week: the SEC has opened tokenization discussions with Wall Street names like BlackRock and Nasdaq, Senate Democrats have questioned Donald Trump’s links to a meme coin and DeFi venture, and a long-awaited stablecoin framework has collapsed in a split vote.
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Michelle Bond Alleges ‘Stealth and Deception’ in Prosecutors’ 7-Year FTX Plea Deal

Michelle Bond says federal prosecutors have used stealth and deception to persuade her husband, former FTX executive Ryan Salame, to plead guilty, asserting they have not upheld an understanding that she would be spared campaign-finance charges stemming from her 2022 congressional bid.
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eXch Crackdown: German Police Seize $38M Linked to $1.4B Bybit Hack

Germany’s Federal Criminal Police Office and Frankfurt prosecutors have seized €34 million in mixed crypto from eXch and shut its servers, stating the privacy-centric swap service has processed large portions of the Bybit hack’s $1.4 billion haul and other funds linked to Lazarus Group and CSAM networks.
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Scott Bessent Slams 48-49 Senate Snub – Will GENIUS Act Failure Cost U.S. Crypto Crown?

Scott Bessent has warned that the Senate’s May 8 failure to advance the GENIUS Act has left U.S. stablecoin regulation fragmented and could push digital‑asset development overseas, as Democrats cited AML and national security concerns in narrowly blocking the bill, threatening dollar dominance.
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