The SEC has granted the Depository Trust & Clearing Corp., or DTCC, a no-action letter allowing it to custody and recognize tokenized stocks, ETFs, and Treasuries on approved blockchains for three years. "Although this program is a pilot subject to various operational limitations, it marks a significant incremental step in moving markets onchain," SEC Commissioner Hester Peirce said in a statement. Bloomberg reports: With the permission, DTCC will also extend their record-keeping to the blockchain, Michael Winnike, global head of strategy and market solutions at DTCC Clearing & Securities Services, said in an interview. "It's the same legal entitlement, the same stock that you would hold in your account from the DTCC in traditional form," Winnike said. [...] The SEC's authorization of tokenization services only applies to a specific set of securities that trade often. The approval includes the Russell 1000 index which represents the 1,000 largest publicly traded US companies, as well as exchange-traded funds that track major indices and US Treasury bills, bonds and notes, Winnike said. "This allows us both to create value for the markets, while staying in a pre-defined pool of highly-liquid securities to start," said Winnike. The firm's ultimate aspiration is to add its entire depository, which represents $100 trillion in securities, to the blockchain, a move that would require further expansion of the no-action relief from the SEC, he said. Winnike said the tokenization service will help bridge the traditional and digital worlds in part because the new technology will have the same legal entitlements and controls as traditional markets, including freezing or forced transfers if assets are stolen. "This enables participants to adopt and integrate, because they know there is a trusted party that can recover their securities as needed" and can address potential errors, he said. The new blockchain service will also allow investors to move assets all the time, not just Monday through Friday when traditional markets are open. "That creates a lot of new utility," Winnike said. "It brings the two ecosystems together."

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The UK government plans to ban political donations made in cryptocurrency over fears of anonymity, foreign influence, and traceability issues, though the ban won't be ready in time for the upcoming elections bill. The Guardian reports: The government's ambition to ban crypto donations will be a blow to Nigel Farage's Reform UK party, which became the first to accept contributions in digital currency this year. It is believed to have received its first registrable donations in cryptocurrency this autumn and the party has set up its own crypto portal to receive contributions, saying it is subject to "enhanced" checks. Government sources have said ministers believe cryptocurrency donations to be a problem, as they are difficult to trace and could be exploited by foreign powers or criminals. Pat McFadden, then a Cabinet Office minister, first raised the idea in July, saying: "I definitely think it is something that the Electoral Commission should be considering. I think that it's very important that we know who is providing the donation, are they properly registered, what are the bona fides of that donation." The Electoral Commission provides guidance on crypto donations but ministers accept any ban would probably have to come from the government through legislation. "Crypto donations present real risks to our democracy," said Susan Hawley, the executive director of Spotlight on Corruption. "We know that bad actors like Russia use crypto to undermine and interfere in democracies globally, while the difficulties involved in tracing the true source of transactions means that British voters may not know everyone who's funding the parties they vote for."

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Longtime Slashdot reader krouic shares a report from Europol: From November 24-28, 2025, Europol supported an action week conducted by law enforcement authorities from Switzerland and Germany in Zurich, Switzerland. The operation focused on taking down the illegal cryptocurrency mixing service Cryptomixer, which is suspected of facilitating cybercrime and money laundering. Three servers were seized in Switzerland, along with the cryptomixer.io domain. The operation resulted in the confiscation of over 12 terabytes of data and more than EUR 25 million worth of Bitcoin. After the illegal service was taken over and shut down, law enforcement placed a seizure banner on the website. Authorities allege that the mixing service laundered over 1.3 billion euros in bitcoin since 2016.

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European law enforcement agencies have taken down an illegal cryptocurrency mixing service that they say has been used to facilitate cybercrime and money laundering. The operation to take down the cryptocurrency mixing service ‘Cryptomixer’ was conducted between November 24 and 28 and was announced today by Europol, which assisted Swiss and German law enforcement agencies in the action. The operation resulted in the seizure of three servers in Switzerland, 12 terabytes of data, €25 million in Bitcoin, and the cryptomixer[.]io domain. Law enforcement placed a seizure banner on the website after the takeover. “Mixing services such as Cryptomixer offer their clients anonymity and are often used before criminals redirect their laundered assets to cryptocurrency exchanges,” Europol said. “This allows ‘cleaned’ cryptocurrency to be exchanged for other cryptocurrencies or for FIAT currency through cash machines or bank accounts.”

Cryptocurrency Mixing ‘A Service to Obfuscate the Origin of Criminal Funds’

Europol called Cryptomixer “A service to obfuscate the origin of criminal funds.” “Cryptomixer was a hybrid mixing service accessible via both the clear web and the dark web,” the European law enforcement agency stated. “It facilitated the obfuscation of criminal funds for ransomware groups, underground economy forums and dark web markets. Its software blocked the traceability of funds on the blockchain, making it the platform of choice for cybercriminals seeking to launder illegal proceeds from a variety of criminal activities, such as drug trafficking, weapons trafficking, ransomware attacks, and payment card fraud.” Since its launch in 2016, Europol says that more than €1.3 billion in Bitcoin were mixed through the service. Deposited funds from users were pooled “for a long and randomised period” before they were redistributed to their destination addresses. “As many digital currencies provide a public ledger of all transactions, mixing services make it difficult to trace specific coins, thus concealing the origin of cryptocurrency,” the agency said.

Action Follows ChipMixer Takedown in 2023

Europol was also involved in the multi-national takedown of the crypto mixing service “ChipMixer” in 2023, an operation that involved four European countries and the U.S. ChipMixer was considered the largest mixing service of its time, and was suspected to have facilitated the laundering of 152,000 Bitcoins, worth an estimated €2.73 billion at the time. The joint law enforcement operations in both cases was part of EMPACT, the European Multidisciplinary Platform Against Criminal Threats, which aims to address the most important threats posed by organized and international crime affecting the EU.

Crypto-hoarding companies are ditching their holdings in a bid to prop up their sinking share prices, as the craze for “digital asset treasury” businesses unravels in the face of a $1 trillion cryptocurrency rout.

Shares in Michael Saylor-led Strategy, the world’s biggest corporate bitcoin holder, have tumbled 50 percent over the past three months, dragging down scores of copycat companies.

About $77 billion has been wiped from the stock market value of these companies, which raise debt and equity to fund purchases of crypto, since their peak of $176 billion in July, according to industry data publication The Block.

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Texas has purchased $5 million worth of BlackRock's bitcoin ETF as an initial step toward creating the first state-level bitcoin reserve in the U.S. "[O]ther states having previously invested in such funds with public-employee retirement money," notes CoinDesk. "Michigan has been building such an investment, and Wisconsin sold its $350 million pension-fund stake in the BlackRock ETF in May. From the report: A few weeks ago, Texas moved past its deadline to "capture the industry's best practices so it can utilize these practices in the implementation and management" of its bitcoin BTC reserve, according to its formal request for information issued in September. Entities across the industry provided input on how it could set up and manage the stockpile conceived of in the Texas Strategic Bitcoin Reserve and Investment Act. Last week, the state comptroller's office moved to secure $5 million in BlackRock's iShares Bitcoin Trust (IBIT) as a placeholder, a spokesman for the Texas Comptroller of Public Accounts told CoinDesk on Tuesday. It's an opening move as the state continues to work toward a contract with a custodian, he said, which will take place after it develops its formal request for proposal.

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A week ago Bitcoin was at $93,714. Saturday it dropped to $85,300. Late Thursday, market researcher Ed Yardeni blamed some of Thursday's stock market sell-off on "the ongoing plunge in bitcoin's price," reports Fortune: "There has been a strong correlation between it and the price of TQQQ, an ETF that seeks to achieve daily investment results that correspond to three times (3x) the daily performance of the Nasdaq-100 Index," [Yardeni wrote in a note]. Yardeni blamed bitcoin's slide on the GENIUS Act, which was enacted on July 18, saying that the regulatory framework it established for stablecoins eliminated bitcoin's transactional role in the monetary system. "It's possible that the rout in bitcoin is forcing some investors to sell stocks that they own," he added... Traders who used leverage to make crypto bets would need to liquidate positions in the event of margin calls. Steve Sosnick, chief strategist at Interactive Brokers, also said bitcoin could swing the entire stock market, pointing out that it's become a proxy for speculation. "As a long-time systematic trader, it tells me that algorithms are acting upon the relationship between stocks and bitcoin," he wrote in a note on Thursday.

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schwit1 shares a report from the New York Times: Pete Kayll, a musclebound veteran of Britain's Royal Marines, had an unusual instruction for the Bitcoin investors gathered in Switzerland in late October. "Just bite your way out," he told them. It was the final day of a weekend-long cryptocurrency convention on the shore of Lake Lugano, near the Italian border. A small group of investors had lined up in a conference room to have their hands bound with plastic zipties. Now they were learning how to get them off. "Your teeth will get through anything," Mr. Kayll advised. "But it will bloody well hurt." Most people don't go to an international crypto conference expecting to learn how to gnaw through plastic. But after hours of panels devoted to topics like Bitcoin-collateralized loans, these investors were looking for something more practical. They wanted to know what to do if they were grabbed on the street and thrown into the back of a van. Already paranoid about scams, hacks and market turmoil, wealthy crypto investors have lately become terrified about a much graver threat: torture and kidnapping. These threats are known as "wrench attacks," which is a reference to a popular XKCD cartoon where a thief skips the hacking and just uses a wrench to force out the password. According to the NYT, the best way to stay protected is staying low-profile, minimizing visible signs of wealth, using basic physical security tools, and preparing for self-defense. The report specifically recommends avoiding flashy displays of wealth like luxury watches and cars, watching for honey-traps, using hotel door stoppers, practicing escape techniques such as breaking zip-ties, hiring discreet bodyguards, and relying on panic-button apps like Glok to summon help quickly.

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The kiosks, which resemble conventional A.T.M.s and convert cash into virtual currencies, are increasingly under scrutiny as a tool for scammers.

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