The European Fee’s commissioner for monetary providers has reportedly urged U.S. lawmakers to determine new guidelines to manage the crypto trade. “We do must see different gamers additionally legislating … We have to take a look at international regulation of crypto,” stated the commissioner.
Mairead McGuinness, the European Fee’s commissioner for monetary providers, talked about cryptocurrency regulation in an interview with the Monetary Occasions, revealed Tuesday.
Referencing the Markets in Crypto-Belongings (MiCA) invoice that may present a regulatory framework for crypto throughout nations within the European Union, she confused that any regulation imposed on the crypto trade would should be international with the intention to work. The commissioner elaborated:
We do must see different gamers additionally legislating … maybe in a different way, however with the identical goal . . . We have to take a look at international regulation of crypto.
McGuinness urged U.S. lawmakers “to attract up sweeping new guidelines to manipulate the crypto trade,” the publication described, including that she warned digital property may pose a menace to monetary stability if left to develop unregulated.
Throughout her current journey to Washington, D.C., McGuinness met with a number of U.S. lawmakers who’ve been pushing payments in Congress to manage the crypto trade, together with Rep. Patrick McHenry (R-NC) and Senator Kirsten Gillibrand (D-NY).
The Home of Representatives handed a invoice titled “Eradicate Limitations to Innovation Act” in April final 12 months that was launched by McHenry. It requires the Securities and Alternate Fee (SEC) and the Commodity Futures Buying and selling Fee (CFTC) “to determine a working group centered on digital property.” McHenry has repeatedly criticized the SEC for regulating the crypto sector by enforcement. Senator Gillibrand and the pro-bitcoin Senator Cynthia Lummis launched a complete crypto invoice titled “Lummis-Gillibrand Accountable Monetary Innovation Act” in June.
McGuinness stated she was inspired by the conferences with U.S. lawmakers and that she believed U.S. politicians to be “transferring in the identical course” as these within the EU. Nonetheless, she cautioned: “There’s lots of concern at a European stage as to [what would happen] if crypto have been to not be regulated.” The monetary providers commissioner famous:
There may very well be — in time, if it grows — monetary stability issues. There are also investor points round a scarcity of certainty.
In the meantime, India’s finance minister has known as on the Worldwide Financial Fund (IMF) to take a number one function within the regulation of crypto property. The Indian authorities is planning to debate crypto rules with G20 member nations throughout India’s presidency. The finance minister stated India hopes to reach at a technology-driven regulatory framework for crypto.
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The Anti-Money Laundering Authority has taken a significant step in a complex investigation involving stolen cryptocurrency, marking the first time in Greece that crypto assets have been frozen and identified as proceeds of crime.
The case has drawn international attention, with the US Federal Bureau of Investigation (FBI) issuing a public alert confirming the freezing of suspicious digital assets.
The investigation began last month when the Authority received information about a suspicious transaction involving a registered user on a Greek-based cryptocurrency exchange platform.
Further checks revealed that the user’s Ethereum wallet had received a large amount of digital currency, which was later traced back to a major international theft.
The funds originated from the Bybit hack, disclosed in February, in which hackers stole approximately $1.5 billion worth of Ethereum – the largest theft of its kind to date. This incident surpassed the 2022 Ronin Network breach, in which $620 million in Ethereum and USD Coin were stolen.
Following the analysis, the Authority issued a Seizure Order for the wallet and the crypto assets it contained. The relevant documentation has been forwarded to the Prosecutorial Authority for further investigation.
CoinMarketCap, the popular cryptocurrency price tracking site, suffered a website supply chain attack that exposed site visitors to a wallet drainer campaign to steal visitors’ crypto.
On Friday evening, January 20, CoinMarketCap visitors began seeing Web3 popups asking them to connect their wallets to the site. However, when visitors connected their wallets, a malicious script drained cryptocurrency from them.
The company later confirmed threat actors utilized a vulnerability in the site’s homepage “doodle” image to inject malicious JavaScript into the site.
“On June 20, 2025, our security team identified a vulnerability related to a doodle image displayed on our homepage. This doodle image contained a link that triggered malicious code through an API call, resulting in an unexpected popup for some users when visited our homepage,” reads a statement posted on X.
“Upon discovery, We acted immediately to remove the problematic content, identified the root cause, and comprehensive measures have been implemented to isolate and mitigate the issue.”
“We can confirm all systems are now fully operational, and CoinMarketCap is safe and secure for all users.”
Cybersecurity firm c/side explained that the attack worked by the threat actors somehow modifying the API used by the site to retrieve a doodle image to display on the homepage. This tampered JSON payload now included a malicious script tag that injected a wallet drainer script into CoinMarketCap from an external site named “static.cdnkit[.]io”.
When someone visited the page, the script would execute and display a fake wallet connect popup showing CoinMarketCap branding and mimicking a legitimate Web3 transaction request. However, this script was actually a wallet drainer designed to steal connected wallets’ assets.
“This was a supply chain attack, meaning the breach didn’ target CMC’s own servers but a third-party tool or resource used by CMC,” explains c/side.
“Such attacks are hard to detect because they exploit trusted elements of a platform.”
More details about the attack came later from a threat actor known as Rey, who said that the attackers behind the CoinMarketCap supply chain attack shared a screenshot of the drainer panel on a Telegram channel.
This panel indicated that $43,266 was stolen from 110 victims as part of this supply chain attack, with the threat actors speaking in French on the Telegram channel.
As the popularity of cryptocurrency has boomed, so has the threat from wallet drainers, which are commonly used in attacks.
Unlike traditional phishing, these types of attacks are more often promoted through social media posts, advertisements, spoofed sites, and malicious browser extensions that include malicious wallet-draining scripts.
Reports indicate that wallet drainers stole almost $500 million in 2024 through attacks targeting more than 300,000 wallet addresses.
The problem has become so pervasive that Mozilla recently introduced a new system to detect wallet drainers in browser add-ons uploaded to the Firefox Add-on repository.
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