Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Trump Administration's Designation of Cartels as Terrorist Organizations Raises Concerns for Crypto Industry

Trump Administration's Designation of Cartels as Terrorist Organizations Raises Concerns for Crypto Industry

CointimeCointime2025/03/31 18:55
By:Cointime

Written by Genny Ngai and Will Roth from Morrison Cohen LLP, the Trump administration has labeled drug and violent cartels as Foreign Terrorist Organizations (FTOs) and Specially Designated Global Terrorists (SDGTs) since taking office. President Trump's orders to eliminate these cartels pose a significant threat to the cryptocurrency industry, potentially leading to unintended consequences for the digital asset community. The recent legal action against cryptocurrency companies, such as Binance, for aiding terrorist groups highlights the need for vigilance and compliance with anti-terrorism laws in the industry. As drug cartels are now considered terrorist organizations, crypto companies should be prepared for potential lawsuits and ensure they are not inadvertently involved in illegal activities.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Tether left out of new investment in Juventus

Portalcripto2025/06/02 22:08

Taiwan Crypto Exchange BitoPro Confirms $11.5M Hack Weeks After Silence

Taiwan-based crypto exchange BitoPro has confirmed that it suffered a major security breach, which resulted in over $11.5 million in digital assets being drained from its hot wallets on May 8, weeks before the platform publicly acknowledged the issue.

DeFi Planet2025/06/02 21:48
Taiwan Crypto Exchange BitoPro Confirms $11.5M Hack Weeks After Silence