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SummaryAt a White House cybercrime event, President Donald Trump is set to highlight how much his administration has done to pursue overseas crypto criminals. Under his watch, U. S. law enforcement has halted about $833 million in fraudulent crypto transactions, an official said. President Donald Trump planned to put special focus on his administration's efforts against overseas crypto-fueled criminal operations at a Wednesday event on cybercrime, according to a White House official. Crypto-related scams have stolen tens of billions from U. S. citizens, and Trump was set to highlight how much his administration is targeting and disrupting the transnational organizations behind it. Multinational criminal cartels have set up elaborate scam centers designed to steal money through relationship scams, phishing campaigns, ransomware attacks and other fraudulent means, and the official said that the U. S. strategies to seize funds and shut down the operations will be discussed.

Six major blockchain organizations urged the SEC to formally recognize digital commodities as non-securities in its proposed regulatory framework. Six major blockchain organizations, including Chainlink Labs and the Cardano Foundation, have urged the US Securities and Exchange Commission (SEC) to formally classify digital commodities as non-securities, as the agency’s public consultation on proposed crypto regulations came to a close Tuesday. In a joint letter dated Oct. 20, Chainlink Labs, the Cardano Foundation, Hedera, Aptos Labs, Ava Labs and the Stellar Development Foundation called on the SEC to incorporate its digital commodity classification directly into the proposed Regulation Crypto Assets framework, arguing that interpretive guidance alone leaves market participants facing legal uncertainty. The groups argued that the SEC’s existing interpretation recognizes digital commodities as a distinct category but that the proposed rules fail to explicitly reflect that distinction, potentially leaving developers and other market participants uncertain about which securities regulations apply.

For investors worried that the runaway artificial-intelligence trade might be about to hit the skids, prediction markets are already starting to reflect that anxiety.