The FBI noted that these types of scams often target Asia-based victims.

https://cryptopotato.com/fbi-warns-of-crypto-human-trafficking-rings-in-asia/

The U.S. Treasury blacklisted the crypto-holding wallets with alleged ties to North Korea. Binance has faced several security breaches recently.

https://thenewscrypto.com/binance-hosted-wallets-blacklisted-by-us-treasury-for-north-korean-ties/?SNAPI

A top U.S. regulator said on Tuesday there is no way to police all cryptocurrency fraud because there is so much, though her agency is working on several big cases.

https://www.reuters.com/technology/no-way-police-all-cryptocurrency-fraud-cftc-commissioner-says-2023-05-23/

Pascal Gauthier, the CEO of Ledger, suggested on May 22 that wallet keys stored via Ledger Recover could be disclosed in the event of government sanctions. Subpoenas could reveal user seeds Under Ledger's new Recover program, user wallet seeds can be “shared” and stored by three different parties.

https://cryptoslate.com/ledger-ceo-says-sharded-recovery-seeds-could-be-disclosed-on-subpoenaes/

Debate over whether or not states should be able to regulate stablecoins, and tension over whether that would create a "race to the bottom," took up much of the latest Congressional hearing on creating a comprehensive framework for digital assets. The hearing at the Digital Assets, Financial Technology and Inclusion Subcommittee on Thursday featured dueling stablecoin bills from the top Republican and Democrat on the House Financial Services Committee, bringing formerly closed-door negotiations out into the public.

https://www.benzinga.com/markets/cryptocurrency/23/05/32473977/us-stablecoin-bill-debate-hones-in-on-preventing-race-to-the-bottom?SNAPI

Bitcoin , ether and other cryptocurrencies should be regulated as gambling given they are potentially used by fraudsters and pose significant risks to consumers, a panel of UK lawmakers said in a report on Wednesday.

https://www.reuters.com/technology/crypto-should-be-regulated-gambling-uk-lawmakers-say-2023-05-16/

If the US SEC classifies cryptocurrencies as securities, OTC Markes will be well-positioned in providing liquidity to these assets in the future.

https://www.coinspeaker.com/otc-markets-finra-digital-assets/

A recent study by Goldman Sachs indicates a rising global trend of family offices adopting digital assets, such as cryptocurrencies, NFTs, and DeFi. The study reveals that 32% of family offices have exposure to digital assets, with 26% specifically investing in cryptocurrencies.

https://crypto.news/32-of-family-offices-embrace-crypto-goldman-sachs-states/

Japan is leading the way in emerging technology, particularly in Web3. This was the message from Masaaki Taira, a lawmaker in the ruling Liberal Democratic Party and head of its Web 3.0 project team, during his presentation at the Thursday NexTech Week trade show in Tokyo.

https://bitcoinworld.co.in/japan-governments-crypto-czar-touts-nations-web3-capabilities/?SNAPI

Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission.

https://www.coindesk.com/policy/2023/05/08/us-crypto-exchange-bittrex-files-for-bankruptcy-in-delaware/

Three top European regulators will get together to discuss the implications of the Data Act and provide more clarity with the goal of not stifling DeFi innovation.

https://www.coinspeaker.com/smart-contract-laws-defi/

The JOMO Effect collection emphasizes the "joy of missing out" and features NFTs from 40 artists to support mental health charities.

https://decrypt.co/139147/joy-of-missing-out-nfts-to-launch-on-magic-eden-supporting-mental-health-through-digital-art

The Chinese Supreme Court Conference has adopted steps to restrict the hazards of cryptocurrency.

https://news.coincu.com/185728-china-supreme-court-conference/?SNAPI

Binance.US's long-running effort to acquire the bankrupt crypto lender's assets came to an end nearly ten days ago.

https://cryptopotato.com/voyager-digital-to-liquidate-its-assets-after-2-failed-purchase-agreements/

New York Attorney General Letitia James proposed legislation to grant her office greater authority to regulate the cryptocurrency industry. The Wall Street Journal reports (WSJ) that New York Attorney General Letitia James proposed a new state law to tighten the rules governing crypto firms.

https://cryptodaily.co.uk/2023/05/new-york-ag-proposes-law-to-police-crypto