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Image: CoinDeskDubai-Based Crypto Platform Shelbit Allegedly Tied to $4 Billion Iranian Sanctions-Evasion Network
According to CoinDesk reporting, an unlicensed Dubai-based exchange named Shelbit allegedly facilitated hundreds of millions of dollars in transactions linked to illegal gambling and sanctioned Iranian entities, including the Central Bank of Iran. While investigators claim ties to the Islamic Revolutionary Guard Corps, these allegations are not officially confirmed.
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CoinDeskDubai-Based Crypto Platform Shelbit Allegedly Tied to $4 Billion Iranian Sanctions-Evasion Network
According to CoinDesk reporting, an unlicensed Dubai-based exchange named Shelbit allegedly facilitated hundreds of millions of dollars in transactions linked to illegal gambling and sanctioned Iranian entities, including the Central Bank of Iran. While investigators claim ties to the Islamic Revolutionary Guard Corps, these allegations are not officially confirmed.
CoinDeskU.S. Sanctions Iran-Linked Bitcoin Insurance Scheme for Strait of Hormuz Ships
According to CoinDesk reporting that is not officially confirmed by an independent or first-party judicial audit, the U.S. Treasury Department has sanctioned two Iranian maritime insurance entities, Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority. These designations allege an extortion operation that accepted bitcoin and other digital assets to bypass Western restrictions.
crypto.newsCLARITY Act Receives Police Endorsement Amid Ongoing Disputes, Passage Odds Drop to 30%
According to crypto.news, the Major Cities Chiefs Association has endorsed the latest draft of the CLARITY Act, marking a significant shift in law enforcement attitudes toward U.S. crypto regulation. However, unresolved disputes concerning political ethics, DeFi developer protections, and stablecoin reward restrictions continue to threaten the bill’s passage before the Senate recess. The probability of the bill becoming law in 2026 is estimated at 30% by Polymarket traders, but this figure is not officially confirmed. The report remains based on media coverage and has not been verified by official sources.
crypto.newsU.S. Sanctions Iranian Maritime Insurers Alleging Bitcoin Payments for Sanctions Evasion
According to crypto.news, the U.S. Treasury sanctioned HormuzSafe Marine Services Authority and Persian Gulf Marine Insurance Company, alleging they accepted Bitcoin payments to evade restrictions and fund the IRGC. Eight shipping companies and eight vessels were also targeted. The allegations are not officially confirmed, as no public evidence of Bitcoin transactions was provided.
crypto.newsFederal Judge Denies CFTC’s Bid to Block Wisconsin Gambling Laws Against Prediction Markets
A federal judge in Wisconsin has denied the Commodity Futures Trading Commission’s (CFTC) request for a preliminary injunction to prevent the state from enforcing its gambling laws against federally regulated prediction market platforms. The ruling, reported by crypto.news and not officially confirmed, means Wisconsin can pursue legal action against platforms such as Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase for allegedly offering unlicensed sports betting. The CFTC intends to appeal, but the decision highlights ongoing uncertainty regarding the interplay between federal and state regulation of prediction markets.
crypto.newsSenate Delay of the Digital Asset Market Clarity Act: Regulatory Uncertainty Persists
According to crypto.news, the Digital Asset Market Clarity Act (H.R. 3633), a significant U.S. legislative proposal aiming to divide crypto oversight between the SEC and CFTC, has been delayed in the Senate until September due to disagreements over ethics provisions and a crowded legislative agenda. The bill, which is not officially confirmed, has sparked debate over privacy, developer liability, and anti-money laundering enforcement, leaving regulatory clarity unresolved for digital asset exchanges and users.