đ Here's the latest in crypto regulatory affairs:
- OFAC sanctions Xinbi Guarantee, the second largest illicit marketplace of all time. Elliptic worked with the U.S. Secret Service to identify and freeze 52 wallets holding $52.8 million in USDT.
- Singapore consults on the legislation that will implement its stablecoin regime, including recognition of some stablecoins issued abroad.
- Thailand finalizes Travel Rule requirements that go further than the FATF standard on self-hosted wallets.
- Senate Republicans release updated CLARITY Act text ahead of tomorrow's cloture vote.
Elliptic's David Carlisle on what each regulatory event means for compliance teams: