Senators warn Trump-linked crypto firm may pose national security threat

Despite a decline in retail sentiment, institutional interest in the cryptocurrency sector remains strong, particularly in the BNB Chain and Ethereum. This trend indicates a long-term confidence among major players in the market, as they continue to explore opportunities across multiple blockchains.

A recent report by the International Consortium of Investigative Journalists (ICIJ), titled 'The Coin Laundry,' has revealed that major cryptocurrency exchanges, including Binance and OKX, have been exploited by criminals to launder illicit funds. The investigation highlights connections between these exchanges and various criminal activities, such as drug trafficking, scams originating from Southeast Asia, and hacking operations linked to North Korea. This raises concerns about the effectiveness of regulatory measures in the cryptocurrency sector.