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Block plans to promote the transformation of Cash App into a comprehensive digital bank, adding products such as stocks,ETF, Bitcoin trading, short-term loans, high-yield savings, and customized debit cards.Cash App 9400000 users use it as their primary banking service, but it still faces stagnant growth and compliance pressure.
Bloomberg reported that crypto, venture capital, and prediction market businesses linked to the Trump family are increasing their hiring of lawyers and lobbyists in response to possible congressional investigations. Democratic lawmakers have requested information from World Liberty Financial and 1789 Capital.
According to PANews, citing Bitcoin.com News, Albuquerque’s ordinance prohibiting the operation or installation of cryptocurrency ATM ATMs has taken effect, and equipment must be removed before December 5. Violations may face daily 500 USD in fines and revocation of business licenses.
U.S. Secretary of Defense Pete Hegseth has prohibited Pentagon and defense agency personnel from using non-public military information to place bets on prediction markets including Kalshi and Polymarket; the ban covers both classified and unclassified information.
Senator Richard Blumenthal wrote to Tether and Nxum Group, seeking an explanation of Tether payment arrangements involving the consulting firm Bo Hines helped found, and raising ethical and legal concerns.
The UK Foreign Office announced a new round of Russia-related sanctions, alleging that crypto and payment platforms including Cryptomus, Heleket, and TokenSpot may have assisted Russia in evading sanctions.
ZachXBT questioned whether UPay had allowed the U.S.-sanctioned Xinbi to offer Visa crypto cards on a white-label basis and demanded that it CEO explain the relationship; UPay and CEO have not yet responded.
Bloomberg, citing sources, reports that US federal prosecutors are investigating whether Binance knowingly allowed transactions related to Iran sanctions.
The report said fraudsters used stolen debit cards to make deposits on and transfer funds through the Polymarket U.S. platform, with attempted transactions totaling at least 10000000 USD；CEO The related response was also questioned by people familiar with the matter.
