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State Regulators Warn Crypto Bill May Hinder Prosecution

by admin October 4, 2025

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Multiple state authorities shared concerns about the upcoming crypto market structure legislation and its impact on their ability to prosecute fraudsters in crimes related to digital assets.

State Regulators Sound The Alarm Over Crypto Bill

Regulators from Alabama to Montana sounded the alarms over the highly anticipated crypto market structure bill, warning that it may “diminish their ability to pursue wrongdoers,” Bloomberg reported on Thursday.

Amanda Senn, director of the Alabama Securities Commission, told the news media outlet that the Senate’s draft of the legislation, the Responsible Financial Innovation Act, does not give state-level regulatory agencies implicit authority to supervise digital asset companies.

This oversight could mean that these authorities may not be able to prosecute offenders for fraud. Meanwhile, Federal enforcement against crypto companies has significantly decreased since the Trump administration took office in January.

Multiple federal regulatory agencies, including the Securities and Exchange Commission (SEC), Department of Justice (DOJ), and the Commodity Futures Trading Commission (CFTC), have shut down or reduced their digital asset-related enforcement units, dismissing most cases and investigations against crypto firms.

According to Cornerstone Research data cited by Bloomberg, the SEC had initiated nine crypto-related enforcement actions by the end of August, a significant drop from the 47and 33 actions taken in 2023 and 2024, respectively. At this pace, 2025 could see the lowest crypto-related enforcement actions since 2017.

“The dam is going to break,” Senn argued. “If you don’t have the states paying attention and prosecuting fraud, nobody is looking out.”

Montana State Auditor James Brown warned that the bill’s changes to the definition of an investment contract could “let criminals wiggle out of being prosecuted.” “What we are hearing from people, with all the national talk about the benefits of digital currencies and the theory that you are going to get rich quick, you’ve got two factors that lead to easy fraud,” Brown added.

State Anti-Fraud Protections In Danger?

State regulators have proposed changes to the market structure bill, which is expected to go into markup after late October. Some state officials explained that the Senate’s current draft language would not require crypto businesses to register with states or respond to their inquiries.

Additionally, the legislation would change the federal definition of an investment contract, adding new conditions and elements. In September, the North American Securities Administrators Association (NASAA) sent a letter to multiple Senators, warning them that Congress must preserve state anti-fraud enforcement authorities in the upcoming crypto bill.

The association argued that “it is critical that the resulting framework preserve state anti-fraud protections,” as they protect investors and are “essential in the ongoing fight against online scams.” To achieve this, NASAA offered two recommendations to the lawmakers.

First, they suggested that lawmakers reject provisions that redefine the investment contract test, explaining that “upending decades of securities law as contemplated in Section 105 will have devastating effects on anti-fraud efforts by adding so many elements and conditions to the investment contract analysis that form, not substance, will determine whether regulators can take action.”

Second, they recommended that Congress enact the Support Anti-Fraud Enforcement (SAFE) Act to ensure states have the anti-fraud authority necessary to respond to residents’ complaints involving digital assets.

Despite the concerns, some industry players disagree that the market structure bill will hinder state authorities’ ability to prosecute bad actors. Some suggest that regulators will be able to pursue criminals “in the name of consumer protection.”

“I do understand why a state would be worried about it, in particular if the federal system doesn’t engage in any enforcement,” Mauro Wolfe, leading partner of Duane Morris’s Digital Assets and Blockchain Group, told Bloomberg. “I do think this will be an area where defense lawyers will say the states can’t do it, and it will be litigated,” he concluded.

Bitcoin (BTC) trades at $120,863 in the one-week chart. Source: BTCUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

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October 4, 2025 0 comments

Wall Street’s RWA bet could break on crypto infrastructure

Crypto Trends

but experts warn of risks

by admin September 30, 2025

The IPO wave is sweeping through crypto. However, experts warn that Wall Street exposure brings both opportunities and risks.

Summary

Wall Street exposure brings potential centralization risks
Stablecoins are becoming a core part of the financial infrastructure
Firms will have to navigate increased regulatory scrutiny

The crypto industry no longer operates on the fringes. The latest fundraising efforts and IPOs have shown an increasing appetite for systemic players that benefit from favorable regulation. This includes Circle’s blockbuster IPO, Tether’s reported fundraising at a staggering $500 billion valuation, and Kraken’s pre-IPO bid to secure $500 million in funding.

For some, this is a sign of the industry’s legitimacy. However, some experts warn about questions of decentralization and governance as crypto meets Wall Street’s standards.

“Circle’s USDC IPO earlier this year demonstrated that mainstream investors are now willing to pay a premium for exposure to regulated digital assets platforms when its stock climbed tenfold from $30 to $300,” said Farzam Ehsani, CEO and co-founder of VALR told crypto.news.

Ehsani added that similar moves by Tether and Kraken show investor appetite for well-regulated crypto firms that provide critical infrastructure. However, he also noted that Wall Street’s involvement creates added risks of centralization, which can impact innovation as shareholders pursue narrow interests.

Crypto is becoming core financial infrastructure

According to Shawn Young, chief analyst at MEXC Research, the IPO wave shows that the crypto industry is becoming a core part of financial infrastructure, especially for stablecoins.

“The macro narrative is equally compelling. Stablecoins in circulation are already collectively valued at over $296 billion and now account for over 1% of the U.S M2 money liquidity supply,” Young said. “CITI projects stablecoins to hit $4 trillion in a bull market scenario by 2030,” he added.

Lionel Iruk, senior advisor to Nav Markets and managing partner at Empire Legal, points out that further integration with Wall Street will bring both legitimacy and scrutiny. Under these conditions, firms will have to balance innovation with transparency.

“Public listing and fundraising bring heightened shareholder operational scrutiny, demanding rigorous reporting, governance, and adherence to securities laws across multiple jurisdictions,” Lionel Iruk, Nav Markets.

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September 30, 2025 0 comments

Game Updates

Capcom warn that Monster Hunter Rise, World and Wilds might not run on Windows 10 PCs after October 14th

by admin September 29, 2025

Your cuddly dinosaur aunties at Capcom have warned that they can’t “guarantee” various Monster Hunter games will run on Windows 10 PCs after uncle Microsoft end support for the operating system on October 14th this year.

When that fateful day comes to pass, Capcom “will no longer guarantee that Monster Hunter: World, Monster Hunter Rise and Monster Hunter Wilds will run on Windows 10 systems.” Which isn’t to say that these games will immediately become unplayable, but “future system updates or game title updates may make the game incompatible on Windows 10 systems”.

The developers add that if you have trouble with those Monster Hunter games on Windows 10 PCs after October 14th, “support can only be provided based on information from before support for Windows 10 was discontinued”, as they’ll be discontinuing services for investigating problems when playing on Windows 10.

If this is the first you’ve heard of Windows 10 being sunsetted/given the old heave-ho/left crying by the roadside, Microsoft have said that Windows 10 apps and drivers will continue to boot and run normally after the cessation of official support, but you won’t get any more free security updates, bug fixes and big feature updates.

It’s not quite as cut-and-dried as that in practice. Microsoft 365 apps running on personal and commercial Windows 10 PCs will get security updates until October 10th 2028, and feature updates until August 2026.

Microsoft are also offering a paid extended security update subscription for people who want to maintain Windows 10 beyond the cut-off date, with availability dependent on region and which version of the OS you’re running. In good news for people resident in the European Economic Area, Microsoft have bowed to pressure from consumer protection organisation Euroconsumers (via Particle Collider Gamer) by making ESU updates free in the EEA until October 2026.

Windows10mageddon threatens to leave a lot of PC users in the lurch, though there’s a certain amount of Y2K-style hysteria about the fallout. According to one study, around half of Windows PCs still don’t run Windows 11. If your machine doesn’t have the specs for Windows 11, it seems like you’ll need to buy a fresh one. I expect there will be plenty more bulletins from game publishers encouraging players to update their systems.

This article has been updated to mention Microsoft’s recent decision to make ESU updates free to people in the EEA until October 2026.

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September 29, 2025 0 comments

Gaming Gear

Trump’s Tylenol Directive Could Actually Increase Autism Rates, Researchers Warn

by admin September 24, 2025

For decades, the discussion around autism has been a hotbed of misinformation, misinterpretation, and bad science, ranging from the long-discredited link between the neurodevelopmental condition and vaccines, to newer claims that going gluten-free and avoiding ultra-processed foods can reverse autistic traits.

On Monday night, this specter arose again in the Oval Office, as President Donald Trump announced his administration’s new push to study the causes of autism with claims that the common painkiller Tylenol, otherwise known as acetaminophen, can cause the condition. The FDA subsequently announced that the drug would be slapped with a warning label citing a “possible association.”

David Amaral, professor and director of research at the UC Davis MIND Institute, was among those watching in dismay as the president launched into a diatribe about Tylenol, repeatedly warning pregnant women not to take it, even to treat fevers.

“We heard the president say that women should tough it out,” says Amaral. “I was really taken aback by that, because we do know that prolonged fever, in particular, is a risk factor for autism. So I worry that this admonition to not take Tylenol is going to do the reverse of what they’re hoping.”

The speculation surrounding Tylenol stems from correlations drawn by some studies that have touted an association between use of the painkiller and neurodevelopmental disorders. One such analysis was published last month. The problem, says Renee Gardner, an epidemiologist at the Karolinska Institute in Sweden, is that these studies often reach this conclusion because they don’t sufficiently account for what statisticians describe as “confounding factors”—additional variables related to those being studied that might influence the relationship between them.

In particular, Gardner points out that pregnant women needing to take Tylenol are more likely to have pain, fevers, and prenatal infections, which are themselves risk factors for autism. More importantly, given the heritability of autism, many of the genetic variants that make women more likely to have impaired immunity and greater pain perception, and hence use painkillers like acetaminophen, are also linked to autism. The painkiller use, she says, is a red herring.

Last year, Gardner and other scientists published what is widely regarded within the scientific field as the most conclusive investigation so far on the subject, one that did account for confounding factors. Using health records from nearly 2.5 million children in Sweden, they reached the opposite conclusion to the president: Tylenol has no link to autism. Another major study of more than 200,000 children in Japan, published earlier this month, also found no link.

Doctors are worried that Trump’s claims will have adverse consequences. Michael Absoud, a pediatric neurodisability consultant and a researcher in pediatric neurosciences at King’s College London, says he fears that pregnant women will start using other painkillers with a less well-proven safety profile.

Gardner is concerned that it will also lead to self-blaming among parents, a flashback to the 1950s and ’60s, a time when autism was wrongly attributed to emotionally cold “refrigerator mothers.” “It’s making parents of children with neurodevelopmental conditions feel responsible,” she says. “It harks back to the early dark days of psychiatry.”

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September 24, 2025 0 comments

Crypto Trends

No, XRP Price Has Not Found Bottom Yet, Bollinger Bands Warn

by admin September 2, 2025

The price of XRP is about $2.80, but the indicators on different scales suggest the market hasn’t quite found a solid bottom yet. One important volatility measure, Bollinger Bands, is still flashing warnings, not comfort.

First and foremost, taking a look at the weekly chart reveals that XRP is stuck between the $2.60 mid-band and the upper cap at $3.40. If one were to make a conclusion, it looks like sellers are still putting pressure on the market, since XRP’s price is still below the middle line.

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On the contrary, closing above that pivot point every week, it’s better to be cautious than hopeful.

Source: TradingView

The two-day view of the chart gives a much clearer picture. The candles have been failing to hold above the midline, and the lower band is creeping up toward $2.70. That means there’s a chance we could retest this level again if buying interest doesn’t build up.

Again, on the contrary, if XRP can get past $3.05, it would be a sign that the switch is turning to bull mode, but it hasn’t happened yet.

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Finally, zooming in on the 12-hour time frame, it is evident XRP has been stuck in a sort of sideways drift since its big drop in August. The price has been in the lower half of the bands, which is a sign of weakness rather than strength.

Ultimate XRP price outlook

XRP’s price support is still at $2.60 and then at $2.00, which is backed by the long-term levels from earlier in the year.

Should XRP drop to $2.60, it might hit closer to $2.00. But if it breaks through $3.05 and then $3.35, that could change the sentiment and make people more optimistic.

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Right now, no matter what time frame you look at, Bollinger Bands are showing the same thing: XRP hasn’t confirmed a bottom yet, and it’s still pretty dangerous for buyers there.

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September 2, 2025 0 comments

A phone showing icons for several AI chatbots.

Gaming Gear

State Attorneys General Warn AI Companies: ‘Don’t Hurt Kids’

by admin August 27, 2025

Top officials in dozens of states have seen how generative AI chatbots and characters, if handled poorly, can be bad for children. And they have a stern warning for the industry: “If you knowingly harm kids, you will answer for it.”

That message is clear in a letter sent this week from 44 state attorneys general to the heads of 13 AI companies. The AGs said they were writing to tell CEOs they would “use every facet of our authority to protect children from exploitation by predatory artificial intelligence products.”

Worries about AI’s impact on children have been around for a while, but interest has heightened in recent weeks. The AGs particularly cited a recent report from Reuters that showed Meta’s guidelines allowed AI to engage children in conversations that were “romantic or sensual.” The company told Reuters the examples cited were “erroneous and inconsistent” with the company’s policies, which prohibit content that sexualizes children.

Meta did not immediately respond to a request for comment.

The AGs said the issues were not limited to Meta. “In the short history of chatbot parasocial relationships, we have repeatedly seen companies display inability or apathy toward basic obligations to protect children,” they wrote.

Watch this: How You Talk to ChatGPT Matters. Here’s Why

04:12

The risks of relationships and treacherous interactions with AI chatbots are growing clearer. In June, the American Psychological Association issued a warning calling for guardrails around AI use for teens and young adults, saying parents should help their children use the tools widely. The fast-spreading use of AI chatbots as “therapists” has increased the possibility of people receiving harmful advice in an interaction when they are particularly vulnerable. A study released this week found large language models are inconsistent in answering questions about suicide.

At the same time, there are few actual rules around what AI developers can and can’t do and how these tools can operate. A move to stop states from enforcing laws and rules around AI failed in Congress earlier this year, but there’s still no federal framework for how AI can be done safely. Lawmakers and advocates, like the AGs in this week’s letter, have said they want to avoid the free-for-all-like atmosphere of the social media era, but whether clear rules actually take shape is yet to be seen. President Trump’s AI Action Plan, released in July, concentrated on reducing regulations for AI companies, not introducing new ones.

Read more: AI Essentials: 29 Ways You Can Make Gen AI Work for You, According to Our Experts

State AGs said they would take matters into their own hands if necessary.

“You will be held accountable for your decisions,” they wrote. “Social media platforms caused significant harm to children, in part because government watchdogs did not do their job fast enough. Lesson learned. The potential harms of AI, like the potential benefits, dwarf the impact of social media. We wish you all success in the race for AI dominance. But we are paying attention.”

If you feel like you or someone you know is in immediate danger, call 911 (or your country’s local emergency line) or go to an emergency room to get immediate help. Explain that it is a psychiatric emergency and ask for someone who is trained for these kinds of situations. If you’re struggling with negative thoughts or suicidal feelings, resources are available to help. In the US, call the National Suicide Prevention Lifeline at 988.

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August 27, 2025 0 comments

GameFi Guides

Don’t Get Fooled by $3 XRP, Bollinger Bands Warn

by admin August 25, 2025

XRP’s bounce back up to $3 is grabbing people’s attention, but the technical analysis doesn’t paint a full-on bull picture. If you look at the daily chart, you’ll see that $3 lines up pretty closely with the Bollinger Bands’ middle line.

So far, the price has not been able to break through it. That rejection makes the return to $3 less of a breakthrough and more of a stopping point, keeping the bias tilted bearish despite the rebound.

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Over the past few weeks, XRP’s price has been fluctuating around this range, and each time it reaches $3, it hits a wall instead of moving forward.

The midline, which is now at around $3.09, has become the pivot point that determines whether the asset can recover and become bullish again or if it will stay capped under pressure. So far, XRP has not been able to close above that line on a daily chart.

Source: TradingView

The wider setup basically makes the same point. On the weekly chart, XRP’s rally earlier this summer stretched the bands to their widest in years, but the retracement has brought it right back into the middle zone. The mid-band here is around $2.61, so the recent moves are basically a struggle to hold the upper half of the range.

If $3 keeps failing, the path toward the lower side — $2.60 and possibly even deeper into the $2.00 area — remains open.

“It’s trap”

That’s why $3 print jobs should be handled with care. It’s a pretty powerful number, psychologically speaking, but the reality on the ground is that there’s still a lot of resistance compared to support.

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If there is a real change in the structure, XRP’s price would have to break and stay above the $3.35 upper band, which would open up room for growth. Until that happens, the Bollinger framework shows that $3 is not a victory, it’s a trap. The sentiment may look better than the actual chart dynamics allow.

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August 25, 2025 0 comments