2025-04-30 Market Watch: Crypto: UK rules, Circle expands, Mashinsky faces 20 yrs

Here is what happened yesterday in the crypto market:

UK Government Releases Draft Crypto Rules

The UK government has released draft crypto rules aimed at supporting innovation while cracking down on fraud and scams, focusing on consumer protection and market integrity.
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Polygon Spin-Off Miden Secures $25M for Privacy Solutions

Miden, a protocol specializing in privacy and fast transaction speeds, has spun out of Polygon and secured $25 million in funding to develop its technology for institutional use.
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DOJ Seeks 20-Year Sentence for Celsius Founder Alex Mashinsky

The U.S. Department of Justice is seeking a 20-year prison sentence for Alex Mashinsky, the founder and former CEO of the collapsed crypto lender Celsius Network.
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Circle Wins Regulatory Approval in Abu Dhabi

Circle, the issuer of USDC, has received in-principle regulatory approval from Abu Dhabi, paving the way for expansion across the Middle East.
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Samourai Wallet Prosecutors Consider Dropping Charges

Prosecutors are considering dropping the case against Samourai Wallet co-founders due to new DOJ crypto enforcement priorities.
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