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Compound Treasury, a website that promises a 4% interest for USDC-denominated business accounts, has a shaky B- grade.

The Securities and Exchange Commission (SEC) of the United States has suspended a $62 million worldwide cryptocurrency trading and mining fraud, and the Department of Justice (DOJ) has charged the scheme's CEO and creator. According to the Justice Department, if convicted on all counts, he faces a possible total punishment of 45 years in prison.

According to a Gallop poll released on May 2, the public's trust in America's current economic leaders is eroding. Confidence in US President Joe Biden's ability to manage the US economy has fallen from 57 percent to 40 percent, while belief in Federal Reserve Chair Jerome Powell has fallen from 55 percent to 43 percent. The April 2022 Gallop survey, released during the country's worst inflationary strain in decades, suggests that faith in economic leaders is at its lowest position since 2008.

NFT fans are incensed.

Trends related to the global NFT boom will continue to factor in the expanding involvement of mainstream influencers, gaming communities, and increased demand for digital artworks during the next five years.

Making policy recommendations pertaining to blockchain and similar technologies is one of the task force's key responsibilities.

Failure to enforce sanctions against Russia in accordance with the larger financial services industry will cost the crypto sector dearly.

The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has announced its first-ever penalties against a crypto mixer. According to the Treasury Department, Lazarus Group used the mixing service to process criminal earnings from the $620 million crypto theft of the online game Axie Infinity.

Google is forming a Web3 team within its cloud division, stating that 'it is already displaying significant potential.' 'We're giving tools for firms to exploit and take advantage of the distributed nature of Web3 in their current businesses and enterprises,' a Google executive noted.