Story perspectives

Wisconsin sues Circle; FTC reports $16B crypto fraud.

7/10/2026

Summary

Story summary

Wisconsin prosecutors filed a complaint accusing Circle of refusing a warrant to seize and replace 381,000 stolen USDC, which Circle says its software cannot invalidate.
Four groups warned Attorney General Todd Blanche that broad exemptions could shield digital-asset movers from oversight.
The Federal Trade Commission (FTC) said U.S. consumers lost $16 billion to crypto fraud in 2025, while the Clarity Act would clarify but exempt developers and holders from AML rules.

1 of 1

Story summary

Wisconsin prosecutors filed a complaint accusing Circle of refusing a warrant to seize and replace 381,000 stolen USDC, which Circle says its software cannot invalidate.
Four groups warned Attorney General Todd Blanche that broad exemptions could shield digital-asset movers from oversight.
The Federal Trade Commission (FTC) said U.S. consumers lost $16 billion to crypto fraud in 2025, while the Clarity Act would clarify but exempt developers and holders from AML rules.