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first_img Zcash Advocacy Organization PGPZ registered lobbying, focusing on U.S. cryptocurrency policy

According to Cointelegraph, the advocacy organization focused on Zcash, Pretty Good Policy for Zcash (PGPZ), has submitted a lobbying registration, with the registration effective date of October 1. Executive Director Divij Pandya is the sole registered lobbyist. This move indicates that this privacy-oriented cryptocurrency ecosystem is intensifying efforts to influence U.S. digital asset policy.The registration documents include the Digital Asset Market Clarity Act and two digital asset tax proposals as part of its current and anticipated lobbying agenda. PGPZ was established in June of this year, evolving from the Pretty Good Policy for Crypto initiative launched by Electric Coin Co. in 2022, which held a Washington policy roundtable and organized a congressional briefing on cryptocurrency technology in 2023.PGPZ founder and ZODL Chief Policy and Regulatory Officer Paul Brigner stated that the goal is "to ensure that Zcash has serious, organized, and credible policy participation in Washington." He noted that the decisions being made by policymakers will affect whether privacy-preserving digital cash can exist, be used legally, and serve the public interest. PGPZ's responsibility is to ensure that Zcash is understood, represented, and defended in these discussions. In August of this year, Zcash Community Grants approved a $750,000 grant to fund PGPZ's work for its first year.

first_img The United States has designated the Russian A7 Network as a transnational criminal organization and plans to cut off its cryptocurrency funding channels

According to Decrypt, the U.S. Department of the Treasury's Office of Foreign Assets Control has designated the Russian shadow banking network A7 Network as a significant transnational criminal organization, listing its relevant addresses in Russia, Kyrgyzstan, Nigeria, and Zimbabwe. The Financial Crimes Enforcement Network has proposed a draft rule that aims to prohibit U.S. institutions from participating in any fund transfers involving the network's "sub-agent companies," covering convertible virtual currencies and not limited to fiat currencies, which is expected to affect approximately 348,000 institutions, including several cryptocurrency exchanges.The proposal is based on six special measures granted by Section 9714 of the Countering Russian Money Laundering Act, ultimately selecting the sixth measure, which is the fund transfer ban. The fifth measure, which restricts correspondent accounts, is considered to have loopholes: research by blockchain intelligence firm TRM Labs shows that A7A5 transactions completely bypass the correspondent banking system, which the Financial Crimes Enforcement Network views as a core aspect of its business model. A7A5 is a ruble-backed token issued by Old Vector, registered in Kyrgyzstan, operating on Tron and Ethereum, with reserves held at the Russian state-owned defense bank Promsvyazbank.The Financial Crimes Enforcement Network stated that between February 2025 and June 2026, over 180 entities handled at least $17.91 billion in A7A5, which historically circulated almost entirely through the sanctioned exchanges Garantex and Grinex, often used as a non-frozen bridge to convert into USDT and then into fiat currency.

first_img The cryptocurrency advocacy organization Stand With Crypto announced its first round of endorsements for Senate candidates

According to The Block, the crypto advocacy organization supported by Coinbase, Stand With Crypto, has announced its first round of Senate candidate endorsements.The organization stated that it will endorse Ohio Republican Senator Jon Husted, whose opponent is the crypto-skeptical former Senate Banking Committee Chairman Sherrod Brown. Additionally, it will endorse Ashley Hinson from Iowa and Chris Pappas from New Hampshire.This endorsement comes after the Senate's procedural vote on September 15 failed to pass the Clarity Act, which aims to establish a federal regulatory framework for the industry.Senate Democrats stated that they could not vote for a bill that would allow President Trump to profit personally from the crypto industry. Stand With Crypto's Executive Director Mason Lynaugh mentioned that after the Senate's recent failure to advance the Clarity Act, the organization’s more than 3 million advocates are fully shifting their focus to ensuring the election of candidates who support crypto.In addition to the Senate endorsements, Stand With Crypto also stated that it will increase advertising spending in six House campaigns, including those of Democratic Congressman Don Davis and Republican Congressman Bryan Steil.These newly endorsed House candidates all voted in favor of the Clarity Act when it passed the House last year. The organization has also endorsed more House candidates, including Congressmen Shomari Figures and Mariannette Miller-Meeks.

Japan National Police Agency: North Korea's cyber attack organization WaterPlum launched a large-scale attack targeting IT technicians

According to a joint alert issued by the Japanese National Police Agency, FBI, ASD/ACSC, BND, and BfV, the North Korean-backed cyber attack organization "WaterPlum" (also known as Contagious Interview) targets job seekers by disguising itself as an AI, cryptocurrency, and NFT company to post fake job listings. This lures job seekers into downloading NPM packages containing malware such as BeaverTail, InvisibleFerret, and OtterCookie, which then steal cryptocurrency wallet information and confidential data.As of July 2026, the organization has infected over 30,000 devices in more than 100 countries and regions worldwide, stealing information from over 7,000 cryptocurrency wallets, with the wallets under its control receiving at least approximately 1.7 billion yen (about 10.71 million USD) in cryptocurrency. The Japanese National Police Agency has discovered and dismantled a "notebook farm" established by local "supporters" for the first time in the country, where North Korean IT laborers remotely control PCs within the supporters' residences to conduct business, with the related amount involved reaching several hundred million yen.The police and FBI assess that WaterPlum and some North Korean IT laborers are under the unified command of the 313 Bureau of the Ministry of Military Industry of the Workers' Party of Korea, with the profits directly flowing into North Korea's national funding pool. The police remind IT technicians and corporate issuers to remain vigilant and avoid executing third-party code in unverified environments.
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