Morgan Stanley Investment Management launched a stablecoin reserve fund within its institutional liquidity trust on Thursday. The product targets reserve needs tied to the proposed GENIUS Act in Washington. The fund trades under ticker MSNXX. Morgan Stanley Fund Structure and Reserve Assets The Stablecoin Reserves Portfolio will hold assets backing outstanding payment stablecoins. Morgan Stanley…
The U.S. Department of Justice announced coordinated action against Southeast Asian scam networks that targeted Americans through crypto investment fraud. The Scam Center Strike Force charged two Chinese nationals, seized a Telegram channel, took down 503 fake investment websites, and restrained more than $700 million in cryptocurrency. Treasury also sanctioned Cambodian operators, while the State…
Tether has frozen $344 million in USDT across two blockchain addresses after U.S. authorities flagged the wallets. The move followed coordination with OFAC and law enforcement, and it stopped any further transfer of funds. The action places another large enforcement case at the center of Tether’s compliance record. Tether Freeze Targets Two Wallets After U.S….