Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957789/bsvblockchain_logo?e&#61;1718236800&amp;v&#61;beta&amp;t&#61;t-2XKdKJAybwdQw73oCoCPICxcznPzjEM3qVLLMlyE8" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>The Treasury Department is investigating $165 million in crypto transactions possibly linked to Hamas, while US District Judge Edgardo Ramos denied motions to dismiss the SEC’s lawsuit against Gemini and Genesis. Meanwhile, the European Central Bank plans for a potential rollout of a digital euro by November 2025.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:</p><ul><li><a href="https://www.linkedin.com/in/french-hill-25b693194/" rel="noopener noreferrer nofollow">French Hill</a> (R-AR)</li><li>Rep. <a href="https://www.linkedin.com/in/mike-flood-72a5a262/" rel="noopener noreferrer nofollow">Mike Flood</a> (R-NE)</li><li><a href="https://www.linkedin.com/company/us-treasury/" rel="noopener noreferrer nofollow">U.S Treasury Department</a></li><li>US Attorney’s Office for the Eastern District of New York</li><li>US Attorney’s Office for the District of Massachusetts</li><li>US District Judge <a href="https://www.linkedin.com/in/edgardo-ramos-3501486/" rel="noopener noreferrer nofollow">Edgardo Ramos</a></li><li><a href="https://www.linkedin.com/company/european-central-bank/" rel="noopener noreferrer nofollow">European Central Bank</a></li></ul><h3 id="us">US</h3><h3 id="us-lawmakers-clash-over-cfpb-39-s-crypto-oversight-proposal">US Lawmakers clash over CFPB&#39;s crypto oversight proposal</h3><p>At a House Financial Services Committee Digital Assets, Financial Technology and Inclusion Subcommittee hearing, Chair French Hill (R-AR) criticized the CFPB’s proposed rule to conduct oversight of digital asset payment systems. Rep. Mike Flood (R-NE) also raised issues with the CFPB’s jurisdiction over the crypto industry, while Democrats were in favor of the CFPB covering crypto in the rule.</p><h3 id="treasury-department-defends-sanctioning-crypto-mixer-tornado-cash">Treasury Department defends sanctioning crypto mixer Tornado Cash</h3><p>The Treasury Department told the US Court of Appeals for the 5th Circuit that it was justified in sanctioning crypto mixer Tornado Cash because it “is a corporation in all but name” rather than an ownerless computer code, as its users argue.</p><h3 id="treasury-department-probes-165-million-in-crypto-transactions-tied-to-hamas">Treasury Department probes $165 Million in crypto transactions tied to Hamas</h3><p>According to the Wall Street Journal, the Treasury Department said in a report to Congress that it is investigating $165 million in crypto-linked transactions that may have helped finance Hamas before the October 7 attack on Israel.</p><h3 id="crypto-exchanger-pleads-guilty-to-unlicensed-money-transmission">Crypto exchanger pleads guilty to unlicensed money transmission</h3><p>The US Attorney’s Office for the Eastern District of New York announced that crypto exchanger David Scotese pleaded guilty to operating an unlicensed money transmitting business and agreed to forfeit crypto, cash, and precious metals worth over $1.3 million.</p><h3 id="us-authorities-pursue-crypto-fraud-victims-39-restitution">US authorities pursue crypto fraud victims&#39; restitution</h3><p>The US Attorney’s Office for the District of Massachusetts filed a civil forfeiture action aimed at returning $2.3 million in various cryptocurrencies to victims of a pig butchering fraud scheme.</p><h3 id="sec-lawsuit-against-gemini-and-genesis-moves-forward">SEC Lawsuit against Gemini and Genesis moves forward</h3><p>US District Judge Edgardo Ramos denied Gemini and Genesis’ motions to dismiss the SEC’s lawsuit alleging that the crypto exchange and lender violated securities law by running the investment program Gemini Earn that sold alleged unregistered securities.</p><h3 id="eu-uk">EU/UK</h3><h3 id="european-central-bank-eyes-digital-euro-by-november-2025">European Central Bank eyes digital euro by November 2025</h3><p>According to notes from the Convegno Innovative Payments conference, the European Central Bank plans to potentially roll out a digital euro in November 2025.</p>

European Central Bank plans digital euro rollout for November 2025

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