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🎯SEC sues Coinbase over exchange and staking programs. “We allege that Coinbase, despite being subject to the securities laws, commingled and unlawfully offered exchange, broker-dealer, and clearinghouse functions,” said SEC chair Gary Gensler. [more]
Top Stories
🔸Washington is sanctioning 12,000 entities. It’s backfiring. Nobody can deny that the targets of U.S. sanctions are deserving of censure, but it’s not clear what, if anything, all these sanctions are achieving. [more]
🔸Illicit Edge Insights: 10 Common Critiques of America's Financial Sanctions Regime. [more]
🔸Did The Bulgarian Mobster Gunned Down In South Africa Know Too Much? Kamenov was found shot dead along with his wife and two others in their home in a suburb of Cape Town early on May 25th. [more]
🔸Mar-a-Lago pool flood raises suspicions among prosecutors in Trump classified documents case. An employee at Donald Trump’s Mar-a-Lago residence drained the resort’s swimming pool last October and ended up flooding a room where computer servers containing surveillance video logs were kept. [more]
🔸House GOP zeroes in on FBI Director Wray. The Oversight Committee plans a first move on Thursday unless the bureau hands over a copy of a document Republicans say ties the president to explosive allegations. [more]
🔸BRICS Raging Against the Dollar Is an Exercise in Futility. If OPEC can’t come up with a petro-currency, what chance does a random bunch of geographically disparate nations have? [more]
🔸Iraq Is Falling Apart: Iran’s Proxies Have Seized Power in Baghdad – and Are Gutting the State. Iran’s allies have achieved unprecedented control of Iraq’s parliament, judiciary, and executive branch, and they are rapidly looting the state of its resources. [more]
🔸Hacking Spree Feared After Breach of File-Sharing Software. The BBC, British Airways and Nova Scotia's government are confirmed victims. [more]
🔸Austrian banker loses fight against extradition to U.S. on Odebrecht charges. Peter Weinzierl – former chief executive of Meinl Bank – is accused of laundering hundreds of millions of dollars to bribe public officials. [more]