CryptoEconomy

A former South Korean police officer was sentenced to six years and fined 100 million won for accepting bribes totaling 120 million won while overseeing multiple economic-crime investigations, including crypto fraud cases.

The CFTC announced modernization of DeFi rules aiming to integrate on-chain systems into the U.S. market. This includes defining jurisdiction over digital assets and promoting transparency, attracting liquidity back from offshore. Investors await new regulations for crypto products.

SoFi Technologies and Mastercard have partnered to enable the settlement of card transactions using SoFiUSD, a dollar-backed stablecoin, through Mastercard's payment network, promoting integration between traditional banking and blockchain.

Crypto.com has launched hybrid retirement accounts that integrate cryptocurrency and traditional stocks, aiming to provide financial opportunities within a single platform. This move follows the company's approval to establish a national trust bank and offers tax benefits and a contribution match. The industry awaits regulatory responses and user adoption.