The Treasury Department sanctioned Ekaterina Zhdanova for her role in laundering and moving funds using virtual currency on behalf of Russian elites. Zhdanova is a Russian national who used virtual currency to facilitate large cross border transactions on behalf of oligarchs and individuals connected with the Russian Ryuk ransomware group.

The Justice Department announced that Kristijan Krstic has been extradited to the US, where he faces two federal indictments for his alleged participation in $70 million cryptocurrency and binary options fraud schemes. Krstic faces indictments in the Northern District of Texas and the Eastern District of New York.

The SEC filed a motion for summary judgment in the agency’s case against Terraform Labs and its co-founder, Do Kwon, stating that the violations are “clear, undisputed, and overwhelming,” and “the Court should grant summary judgment in the SEC’s favor.” The SEC's filing followed a filing from Terraform and Kwon on October 27, arguing that "the SEC has no admissible evidence" to prove that Terraform's tokens are securities, or that it misled investors.

Senate Banking Committee Chair Sherrod Brown (D-OH) released a statement reacting to the conviction of Sam Bankman-Fried. Sen. Brown stated that, "This verdict is a victory for everyone fighting fraud and scams in crypto.... Americans continue to lose money every day in crypto scams and frauds. We need to crack down on abuses and can't let the crypto industry write its own rulebook." The statement comes as Sen. Brown recently voiced skepticism about including crypto legislation in the FY 2024 NDAA, expressing concern that the legislation would be essentially written by the crypto industry.

The US Trustee filed an objection to Genesis’ Chapter 11 plan, stating that it was not given adequate time to review significant changes to the plan, including the potential to seek liquidation of the company.

The CFTC Global Markets Advisory Committee will meet on Monday, November 6, with the Digital Asset Markets Subcommittee scheduled to provide an update on its work.

The US Attorney’s Office seized crypto assets worth $54 million from an illegal narcotics distribution scheme based in New Jersey. The Attorney's Office stated that those involved with the scheme conspired to sell various narcotics between 2010 and 2015, and began selling narcotics on darknet sites in exchange for BTC in 2013.

Sam Bankman-Fried was found guilty on seven criminal counts of fraud and conspiracy. Lawmakers have begun reacting to the verdict, with Sen. Elizabeth Warren (D-MA) and Rep. Brad Sherman (D-CA) posting tweets about the conviction. Attorney General Merrick Garland also released a statement.

Sen. Cynthia Lummis (R-WY) said in an interview that she and Sen. Kirsten Gillibrand (D-NY) plan to meet soon with House Financial Services Chair Patrick McHenry (R-NC) and the White House to discuss attaching stablecoin legislation to the NDAA. However, Senate Banking Committee Chair Sherrod Brown (D-OH) has voiced hesitancy to such proposals.