Federal prosecutor Eduardo Taino applied for this measure, and a technical report from the relevant departments, including the Financial Investigation and Illegal Asset Recovery departments, supported the request and recommended prosecution against the three individuals. The judge determined that the case met the requirements of reasonable suspicion and the risk of delay, and approved the asset preservation request. Investors have suffered losses of approximately $100 million to $120 million as a result of this incident. The judge emphasized that the injunction is only valid for a strictly necessary period and ordered the National Securities Commission to be notified to expand the asset freeze to all relevant platforms within Argentina. Furthermore, prosecutors discovered that 42 minutes after Milei posted a tweet with Davis about a selfie, Davis transferred $507,500 through Bitget, which may constitute indirect bribery.
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Industry players are now preparing for accelerated growth. Regulatory changes under discussion could attract more retail investors by reducing cryptocurrency gains tax and easing restrictions on lending and asset securitization transactions. Satoshi Hasuo, representative director of Coincheck, points out that securities accounts are about three times the number of cryptocurrency accounts, indicating significant market potential, and ways to attract these investors need to be considered. CJ Fong of market maker GSR also stated that there has been increased communication with Japanese exchanges and financial companies this year, aiming to provide more ample liquidity for digital assets. The CEO of Bitbank believes the Trump administration has led to a warmer attitude towards cryptocurrencies in Japan. Currently, the Japanese Financial Services Agency is finalizing its rule amendment proposals, which are expected to be implemented in 2026 or 2027 after parliamentary discussion and approval.
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Binance to Support Terra Classic (LUNC) Network Upgrade
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