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Crypto Trends

SEC Delays Decision on Grayscale’s Hedera Trust as Firm Updates Bitcoin Cash, Litecoin Filings

by admin September 10, 2025



In brief

  • The SEC set November 12 as the new deadline for Grayscale’s Hedera Trust.
  • Grayscale submitted updates for its Bitcoin Cash and Litecoin trusts, with both structured to list on NYSE Arca.
  • The delayed decision adds to a wave of over 90 crypto ETF applications, including Solana and XRP products now pending before the Commission.

The SEC has pushed back its decision on Nasdaq’s bid to list the Grayscale Hedera Trust as the investment firm filed updated registrations for its Bitcoin Cash and Litecoin trusts.

The SEC is designating November 12 as the new deadline, according to an order on Grayscale’s Hedera Trust published Tuesday.

On the same day, Grayscale submitted registration statements for its Bitcoin Cash Trust and Litecoin Trust, both of which were filed on Form S-3 as existing vehicles that already report to the SEC.



Bank of New York Mellon is listed as administrator, while Coinbase will serve as custodian and prime broker. Both funds are structured to list on NYSE Arca.

Separately, Grayscale has filed a Form S-1 for the Hedera Trust, marking its initial registration with the SEC on the same day. The S-1 outlines a new product that would trade under the ticker HBAR, contingent on Nasdaq’s pending rule-change request to permit its listing.

Under U.S. securities law, the SEC normally has 180 days to decide on a proposed exchange rule change, but can add another 60 days, often to review comments or amendments before making a final decision.

The latest delay is part of a broader pattern.

Earlier in August, the SEC exercised its final procedural extension on pending Solana ETF applications, pushing the deadline to October 16.

The commission decided it would need more time to assess the Cboe BZX proposals from Bitwise and 21Shares, as well as other filings from Canary Funds and Marinade Finance.

Before August ended, over 90 crypto ETF applications had lined up for SEC action, spanning products tied to Bitcoin, Ethereum, Solana, XRP, and other digital assets.

Most are clustered around deadlines set by fall, raising the prospect of multiple rulings in quick succession as the Commission weighs how far to extend approvals beyond Bitcoin and Ethereum, which were approved last year.

“Assets with near-term ETF product decisions often command premium pricing on the open market,” Lionel Iruk, managing partner at Empire Legal, said in a statement shared with Decrypt.

An ETF wrapper “unlocks more than fresh liquidity for digital assets,” he said. “It provides the compliance, custody, and transparency frameworks that traditional investors often require before making any investment decision.”

Such a structure “amplifies their appeal beyond the crypto-native audience,” he said, adding that the appeal of crypto ETFs is anchored on their “potential transition from speculative enthusiasm to structured, regulated offerings that meet institutional standards.”

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Metaplanet Sets $1.45B Share Sale to Fund Bitcoin Purchases, Treasury Shift

by admin September 10, 2025



In brief

  • Metaplanet has finalized a $1.45 billion international share sale on Sept. 10.
  • Most of the proceeds are allocated to Bitcoin purchases and income-generation operations.
  • The company now holds 20,136 BTC worth $2.25 billion, making it the sixth-largest public corporate holder globally.

Metaplanet is betting bigger on Bitcoin.

The Tokyo-listed firm has locked in a $1.45 billion share sale on Tuesday, marking one of Japan’s largest corporate treasury shifts to date.

Formally priced at ¥553 per share ($3.73), the international share offering will issue 385 million shares, raising a total of ¥212.9 billion ($1.45 billion). 

Net proceeds of ¥204.1 billion ($1.39 billion) are allocated almost entirely to Bitcoin, with ¥183.7 billion ($1.25 billion) set for purchases and ¥20.4 billion ($139 million) for income-generation operations, according to a notice determining the issue price.



In the same notice, the company reiterated its rationale for buying Bitcoin, pointing to “elevated levels of national debt, prolonged real negative interest rates, and an ongoing depreciation of the yen” as primary factors that motivated it to begin stacking the alpha crypto in April last year.

The share sale follows a September 1 shareholder vote in Tokyo that approved an overseas issuance of up to 550 million new shares, alongside preferred stock, after Metaplanet’s share price had dropped 54% since mid-June.

The latest filing finalizes the terms of that plan, shifting it from shareholder authorization to formal execution, thereby closing a turbulent summer of financing pressures and a collapsing share price.

Metaplanet currently holds 20,136 BTC valued at about $2.25 billion, following its latest purchase of 136 Bitcoin disclosed earlier this week.

Its holdings position it as the sixth-largest public corporate holder of Bitcoin worldwide, ranking behind Strategy, Marathon, and Twenty One, but ahead of Tesla, Coinbase, and the Trump Media & Technology Group.

While still behind others, Metaplanet’s move emerges as a “signal from Japan that corporate Bitcoin adoption is spreading globally, not just in the U.S.,” Dan Dadybayo, research and strategy lead at Unstoppable Wallet, told Decrypt.

Corporate Bitcoin treasuries are “shifting from experiment to mainstream balance-sheet strategy,” Dadybayo said, adding that with “new accounting rules and ETF normalization,” he expects public companies to hold “over 1 million BTC by year-end.”

Further on by 2027, Dadybayo said more firms “could follow treating Bitcoin as digital gold.”

“All of this is unfolding against the backdrop of BlackRock’s iShares Bitcoin Trust (IBIT), which has become the company’s most profitable ETF, generating more fee revenue than even its S&P 500 flagship (IVV),” he noted, sharing that IBIT is also the “fastest-growing ETF in history,” after hitting over $80 billion in assets under management, in just over a year of inflows tracking over $52 billion.

With terms now set for execution, the scale of Metaplanet’s raise cements its place in the global conversation on Bitcoin.

“From pension funds to hedge funds, the direction of travel is clear: a deeper integration of Bitcoin into traditional finance,” Dadybayo said.

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Asset Entities Merges With Strive To Launch $1.5B Bitcoin Treasury Plan
Crypto Trends

Asset Entities Merges with Strive to Launch $1.5B Bitcoin Treasury Plan

by admin September 10, 2025



Shares of Asset Entities (ASST) surged on Tuesday after the company’s shareholders approved a merger with Vivek Ramaswamy’s Strive Enterprises. The move will create a new Bitcoin treasury company, renamed Strive, Inc., which plans to raise $1.5 billion to buy Bitcoin.

Asset Entities stock closed 17.8% higher at $6.28 and jumped another 52% after-hours to $9.55, following the announcement. The company said a “strong majority” of shareholders voted for the merger, signaling strong support for its crypto-focused shift.

Matt Cole, CEO of Strive Asset Management, will lead the merged company, while Asset Entities’ CEO Arshia Sarkhani will take on the role of Chief Marketing Officer and Board Member. Ramaswamy, who co-founded Strive and was the youngest U.S. presidential candidate in 2024, has not yet disclosed his role in the new venture.

Strive Eyes Big Bitcoin Buy

The combined firm plans to fund its $1.5 billion Bitcoin purchase through a mix of private investments and warrants. At current prices, the plan would secure around 13,450 Bitcoin, placing Strive among the top 10 largest corporate holders.

This move resembles an increasing trend in public companies, which now own a total of more than 1 million Bitcoin, approximately 5.1% of the circulating supply. Michael Saylor’s Strategy remains the leader with more than 638,000 BTC, while firms like MARA Holdings and XXI follow behind.

Strive has also expressed interest in acquiring up to 75,000 Bitcoin tied to claims from the collapsed Mt. Gox exchange. The move, if successful, could boost its Bitcoin-per-share ratio, a key metric in the treasury space.

Launched in 2022, Strive has already amassed $2 billion in assets. By teaming up with Asset Entities, a social media marketing firm with no prior crypto involvement, the new Strive is making a bold bet on Bitcoin adoption.

Also Read: Fidelity’s Timmer: Bitcoin, Gold Top Investment Returns



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Cboe’s Next Big Leap: Bitcoin And Ethereum Continuous Futures Scheduled For Nov. 10

by admin September 10, 2025


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Cboe, one of the world’s leading derivatives exchanges, has announced plans to launch continuous futures for the leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), pending regulatory approval. 

In response to growing investor interest in digital assets, this new product suite is set to debut on November 10. This marks a significant development for the US crypto market under the new regulatory regime envisioned by President Donald Trump, who aims to make America the “crypto capital of the world.” 

Cboe’s Shift To Meet Market Demand

According to a press release issued on Tuesday, these continuous futures will provide a more “streamlined and efficient way” for traders to engage with cryptocurrencies, execute trading strategies, and manage risk.

Unlike traditional futures contracts, which often necessitate periodic rolling, Cboe’s continuous futures will be designed as single, long-dated contracts with a ten-year expiration. 

The contracts will be cash-settled and linked to real-time spot market prices for Bitcoin and Ethereum, incorporating daily cash adjustments, utilizing a funding rate methodology, ensuring that the pricing remains closely aligned with the underlying assets.

At the recent HOOD Summit in Las Vegas, Catherine Clay, Cboe’s Global Head of Derivatives, emphasized the significance of this potential launch. She noted that perpetual-style futures have seen robust adoption in offshore markets, and Cboe aims to replicate that success within the US regulatory framework. 

Under Trump’s second administration in the White House,  regulators such as the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have united to provide a more eased stance toward crypto.

The agencies have dropped crypto enforcement cases against exchanges such as Binance, Coinbase, and Uniswap that began under the leadership of former SEC Chair Gary Gensler. However, the passage of key crypto bills in Congress and the House seems to signal a new dawn for digital assets in the US. 

This has prompted major institutions in the traditional finance sector to adopt cryptocurrencies like Bitcoin and Ethereum as treasury reserve assets, being one of the most important trends that has emerged this year under the new administration. 

By introducing these products, Cboe expects to cater not only to institutional market participants and existing customers of its Cboe Futures Exchange (CFE) but also to a growing segment of retail traders eager to access crypto derivatives.

Bitcoin Slips, Ethereum Follows Suit

This initiative is part of Cboe’s broader strategy to diversify and enhance its Cboe Futures Exchange product offerings. In addition to the Cboe Volatility Index (VIX) futures, the exchange aims to further expand its services with products related to equity volatility, digital assets, and global fixed income.

The new continuous futures for Bitcoin and Ethereum will be cleared through Cboe Clear US, a derivatives clearing organization regulated by the Commodity Futures Trading Commission. 

As of press time, the leading cryptocurrency, Bitcoin, trades at $111,400, recording a 1.2% drop in the 24-hour time frame. During the same period, Ethereum has dropped 1.5%, trading at $4,292. 

The daily chart shows BTC’s price consolidation. Source: BTCUSDT on TradingView.com

Featured image from DALL-E, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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QMMM Stock Skyrockets Nearly 1,750% on Bitcoin, Ethereum, Solana Treasury Plan

by admin September 10, 2025



In brief

  • Shares in digital advertising firm QMMM Holdings jumped nearly 1,750% after announcing a digital assets treasury plan.
  • The firm anticipates starting with $100 million fund focused on Bitcoin, Ethereum, and Solana.
  • It will also seek out investments with Web3 infrastructure projects and “high-quality cryptocurrency assets.”

Shares in digital advertising firm QMMM Holdings (QMMM) skyrocketed more than 2,300% at one point on Tuesday after the firm announced that it would create a $100 million digital assets treasury starting with Bitcoin, Ethereum, and Solana. 

QMMM, which trades on the Nasdaq, closed the day changing hands at $207—a 1,736% increase since the day’s opening bell. 

“The global adoption of digital assets and blockchain technology is accelerating at an unprecedented pace,” said company CEO Bun Kwai in a statement. 

“QMMM’s entry into this space reflects our commitment to technological innovation and our vision to bridge the digital economy with real-world applications.” 



According to QMMM’s announcement, the firm anticipates its treasury will initially start at $100 million—though there is no mention of how the firm will fund the effort. An SEC filing on the firm’s website from January indicates it only had $497,993 in cash and cash equivalents at the end of its last fiscal year on September 30, 2024. It registered a net loss of $1,580,198 over the same period. 

Beyond the treasury, which the firm says will only serve as a foundation for its investment in Web3, it will also seek to invest in “high-quality cryptocurrency assets with long-term growth potential, Web3 ecosystem infrastructure projects, and global premium equity assets aligned with QMMM’s strategic vision.” 

A representative for the firm did not immediately respond to Decrypt’s request for clarification on how these additional assets may be chosen nor how it would fund its treasury. 

The Hong Kong-based firm also intends to expand its offerings to include blockchain-based and artificial intelligence-powered platforms to help investors make better decisions, manage DAO treasuries, improve metaverse experiences, and more. 

“Our cryptocurrency initiatives, combined with our expertise in AI and digital platforms, are designed to create sustainable value for our stakeholders while reinforcing our role as a forward-looking technology company,” said Kwai. 

The stock has since retraced nearly 25% in after-hours trading to $156.31. 

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GameStop Posts Narrower Loss in Q2 as Bitcoin Holdings Lift Balance Sheet

by admin September 10, 2025



In brief

  • GameStop disclosed 4,710 BTC on its balance sheet, valued at $528.6 million with $28.6 million in unrealized gains.
  • Net loss narrowed to $18.5 million from a $44.8 million profit in Q1.
  • Revenue slipped to $673.9 million from $732.4 million while operating costs fell as collectibles sales rose.

GameStop narrowed its quarterly loss after booking $528 million of Bitcoin on its balance sheet, a move that ranks among the largest corporate wagers on the crypto since Strategy’s headline-grabbing buys.

The Grapevine, Texas-based company reported a net loss of $18.5 million for the quarter ended August 2, compared with a $44.8 million profit in the prior three months. 

Revenue slipped to $673.9 million from $732.4 million in the previous quarter, weighed by declines in hardware and software sales.



GameStop disclosed that it purchased 4,710 BTC during the quarter at a cost of $500 million, in line with an investment policy adopted earlier this year. 

The holdings were valued at $528.6 million at quarter-end, generating an unrealized gain of $28.6 million. The company said it uses Coinbase pricing to measure fair value each reporting period, its filing showed.

The addition of Bitcoin places GameStop among a small but growing group of publicly traded firms that have diversified into digital assets, exposing their financial statements to swings in crypto markets. 

Bitcoin’s price has risen about 18% since early May, helping bolster the carrying value of GameStop’s holdings.

The retailer has been reshaping its finances under Chairman Ryan Cohen, raising cash through a $2.7 billion convertible bond sale earlier this year and divesting international units in Canada and France. 

GameStop ended the quarter with $6.1 billion in cash and equivalents, excluding its digital assets.

Operating losses narrowed to $9.2 million from $10.8 million in the previous quarter, aided by lower selling, general, and administrative costs. 

Collectibles, including trading cards and pop-culture merchandise, remained a bright spot, accounting for nearly a third of sales.

Shares of GameStop were up 1.5% on the day and as much as 5.7% to $24.94 in after-hours trading following the release.

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Fidelity'S Timmer Bitcoin, Gold Top Investment Returns]
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Bitcoin, Gold Top Investment Returns

by admin September 10, 2025



Jurrien Timmer, Director of Global Macro at Fidelity Investments, says it’s no anomaly that Bitcoin continues to sit near the top of the global returns leaderboard alongside gold and international equities, while bonds remain stuck at the bottom.

In a new market note, Timmer argues that Bitcoin’s scarcity narrative continues to play well in a macro environment where fiat currencies weaken and U.S. fiscal dominance drives capital into domestic risk assets. Gold, long considered Bitcoin’s analog in legacy markets, has so far outpaced the digital asset in 2025.

Earlier this year, Timmer suggested that gold might eventually “pass the baton” to Bitcoin, implying a reversal in performance leadership. That handoff, however, has yet to happen. While Bitcoin reached a new all-time high in late August, its momentum quickly stalled. Meanwhile, gold surged above $3,650 this week to notch another record as investors increasingly price in potential rate cuts from the Federal Reserve.

In previous commentary, Timmer projected that quantitative easing (QE) could return as the Fed faces structural fiscal pressure. Both Bitcoin and gold, he noted, would be primary beneficiaries of a renewed wave of liquidity.

Cycles and institutional gravity

Timmer also weighed in on the ongoing debate around whether Bitcoin’s four-year halving cycle still holds weight in a market now dominated by institutional players. Despite changing dynamics, he believes the asset continues to follow the historical rhythm, supported by supply mechanics and macro tailwinds.

In July, Timmer described Bitcoin and gold as being in the “middle innings” of the hard money trade, driven by expanding global money supply and a still-dominant U.S. dollar.

Fidelity’s framing of Bitcoin as hard money isn’t just narrative, it reflects a shift in macro playbooks. If QE returns, Bitcoin’s role won’t just echo gold’s, it could become central to it.

Also Read: Digital Asset Treasuries under fire as token-holding firms lose steam



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New Bitcoin Reserve Bill Pressures Treasury On Custody Rules

by admin September 9, 2025


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The US House Appropriations Committee has advanced H.R. 5166 — the Financial Services and General Government (FSGG) spending bill for FY2026 — with language that would formally direct the Treasury Department to spell out how the federal government will custody Bitcoin and other digital assets it acquires, explicitly including holdings earmarked for the newly created Strategic Bitcoin Reserve. The bill was reported on September 5, 2025, as House Report 119-236 and placed on the Union Calendar.

Congress Demands Public Information On Bitcoin Reserve

At the statutory level, Section 138 of the reported bill requires the Treasury, within 90 days of enactment, to deliver a public plan for the “secure and efficient custody” of federal digital assets, “including assets held under the Strategic Bitcoin Reserve and the US Digital Asset Stockpile.” The plan must delineate custody architecture, legal authorities, cybersecurity controls, and interagency workflows for transfers and safekeeping.

Section 137 adds a second mandate: a report on the practicability of establishing the reserve and the related stockpile, addressing potential barriers, the expected impact on the Treasury Forfeiture Fund, how Bitcoin and other digital assets would be presented on the federal balance sheet, and any third-party contractors used for custody. Read together, the two sections would force the Treasury to clarify both whether and how the federal government will maintain long-term Bitcoin holdings — and what that means for government accounting and forfeiture-fund mechanics.

The committee report accompanying the bill underlines Congress’s intent to track the flow of seized assets into the program. It directs the Treasury to provide monthly tables of the Forfeiture Fund’s activity, including any “diversions from the Forfeiture Fund to the Bitcoin Strategic Reserve and/or the digital asset stockpile.” That same report section labels the custody directive “Custody of Digital Assets,” emphasizing strong safeguards to prevent loss, unauthorized access, or liquidation.

The push comes six months after the White House issued Executive Order 14233, which created both the Strategic Bitcoin Reserve and the US Digital Asset Stockpile by consolidating government-owned crypto seized in criminal and civil cases. The order states that government BTC placed into the reserve “shall not be sold,” positioning Bitcoin as a strategic asset held for national objectives subject to law. It also instructs Treasury and Commerce to develop ways to acquire additional government BTC on a budget-neutral basis.

H.R. 5166 would also bring the national-security community into the loop. Section 139 directs the Treasury Secretary and the Director of the National Security Agency to provide a classified report on inter-agency coordination within 90 days of enactment — a signal that lawmakers see digital-asset custody (and key management) as an operational risk surface as well as a balance-sheet question.

The legislative pressure is occurring alongside separate efforts to codify the reserve. In March, Rep. Byron Donalds introduced H.R. 2112 to give the executive order “the force and effect of law,” while other measures, such as H.R. 2032, have proposed building out a decentralized, cold-storage reserve network for government BTC. None of those standalone bills has been enacted, but the appropriations route, if passed, would time-box the Treasury to deliver concrete answers shortly after the spending bill becomes law.

What Changes If H.R. 5166 Becomes Law?

First, the Treasury would owe the public a detailed custody blueprint, not just internal memoranda or ad-hoc practices developed for asset seizures. Second, Congress would receive an analytical roadmap for how a Strategic Bitcoin Reserve and stockpile would interact with forfeiture processes and the federal balance sheet — key inputs for any future decision to scale the program beyond seized assets.

Third, the classified NSA-Treasury report would institutionalize security coordination around wallet infrastructure and interagency transfers. Together, those steps would shift the federal government’s handling of Bitcoin from case-by-case liquidation towards a defined reserve posture aligned with the March 6 policy that reserve BTC is not to be sold.

However, the measure does not itself appropriate BTC, purchase Bitcoin on the open market, or authorize immediate diversions into the reserve; it sets reporting and planning obligations contingent on enactment of the underlying appropriations bill. The House-reported text must still clear the full House, the Senate, and reconciliation before reaching the President’s desk. Until then, the timelines — “within 90 days of enactment” — are prospective.

At press time, BTC traded at $112,700.

BTC faces the EMA50, 1-day chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Grayscale Seeks SEC Nod for Bitcoin Cash (BCH) and Hedera (HBAR) ETFs
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Grayscale Seeks SEC Nod for Bitcoin Cash (BCH) and Hedera (HBAR) ETFs

by admin September 9, 2025



Grayscale filed paperwork with the U.S. Securities and Exchange Commission (SEC) on Tuesday for three crypto exchange-traded funds, expanding its roster of potential offerings as issuers jockey for regulatory approval.

The asset manager submitted an S-1 registration for a Litecoin LTC$109.19 ETF, a move that follows its earlier bid to convert the Grayscale Litecoin Trust into an ETF.

At the same time, it lodged S-3 filings for exchange-traded funds tied to Bitcoin Cash BCH$578.41 and Hedera HBAR$0.2127. If approved, the products would join a lineup that already includes spot bitcoin and ether ETFs launched last year.

The filings underscore Grayscale’s push to diversify its crypto-linked investment products while regulators weigh how far to open the door to such funds. Just a day earlier, the firm sought to convert its Chainlink LINK$22.77 Trust into an ETF, signaling a rapid pace of applications despite regulatory uncertainty.

Grayscale is not alone. Fidelity, VanEck and several other issuers have lined up proposals for digital-asset funds in hopes that the SEC will sign off on more products later this year. Industry executives say broader approval could help mainstream investors gain exposure to cryptocurrencies through regulated markets, while potentially easing concerns about custody and transparency.

For now, the SEC under Chair Paul Atkins has delayed decisions on a range of crypto ETF applications. A green light from regulators would give investors a way to trade crypto exposure alongside traditional securities in brokerage accounts.



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D.C. AG accuses Bitcoin ATM operator of actively enabling fraudsters
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DOJ pursues $5m in Bitcoin tied to SIM swap fraud and laundering scheme

by admin September 9, 2025



DOJ prosecutors trace a path of stolen Bitcoin from hijacked phones through a complex web of wallets, culminating in a series of circular transactions at an online casino designed to mask the illicit funds’ origins.

Summary

  • DOJ has filed civil forfeiture to recover $5 million in Bitcoin stolen via SIM swap attacks.
  • The department traced the stolen crypto through multiple wallets and circular transactions at an online casino.
  • Attacks targeted five U.S. victims between October 2022 and March 2023.

According to a September 9 press release by the U.S. Attorney’s Office, District of Columbia, the Department of Justice has initiated a civil forfeiture action targeting a specific cryptocurrency wallet containing 117 BTC.

The complaint alleges the funds are the proceeds of a series of SIM swap attacks that targeted five victims between October 2022 and March 2023. U.S. Attorney Jeanine Ferris Pirro stated that after the initial thefts, the perpetrators moved the Bitcoin through a maze of digital wallets before consolidating the entire $5 million haul into a single address that funded an account at the online casino Stake.com.

How the SIM swap scheme unfolded and the DOJ’s response

DOJ investigators say the perpetrators used SIM swap attacks to bypass standard security measures and gain control of victims’ mobile numbers. With the stolen numbers, they intercepted two-factor authentication codes that allowed them to log in to the victims’ crypto wallets and transfer assets into accounts under their control.

The Justice Department explained that the perpetrators attempted to obscure the origin of the funds by repeatedly cycling the bitcoin through deposits and withdrawals at the casino.

 “Many of these transactions were circular in that they eventually returned funds to their original source, and consistent with money laundering utilized to “clean” proceeds of criminal activity,” the statement read.

The laundering pattern, prosecutors say, made it appear as though the funds were legitimate business activity rather than proceeds of theft. This high-profile case is being prosecuted by Trial Attorneys Jessica Peck and Gaelin Bernstein of the Justice Department’s Computer Crime and Intellectual Property Section (CCIPS), alongside Assistant U.S. Attorneys for the District of Columbia.



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