The Texas State Securities Board barred decentralized crypto lending pool BigWhale.io from operating in the state after it touted its ties to the Russian government in response to a loss of funds that BigWhale says was the result of a hack. The Texas State Securities Board stated that BigWhale.io "allegedly claimed to have raised $6 million from more than 2,000 investors before a hacker stole the funds. It is now threatening to mobilize assets within the Russian government to pursue extrajudicial revenge."

US Bankruptcy Judge J. Kate Stickles approved Prime Core Technologies Inc.’s Chapter 11 disclosure statement. Judge Stickles had previously flagged the company over small but critical date and math errors in the document.

CFTC Commissioner Summer Mersinger said in an interview that the US should embrace some of the crypto regulatory frameworks established by the EU.

CFTC Commissioner Kristin N. Johnson spoke on the CFTC’s role in the oversight of carbon offset markets, highlighting the environmental impact of crypto and the risks posed by the carbon economy and the crypto-economy. Johnson stated that she has "deep concerns that taking one unregulated market– carbon offsets– and layering it on top of another unregulated market– cryptocurrency– will serve only to compound the risks and vulnerabilities inherent in both."

The Justice Department announced eight indictments against China-based chemical manufacturing companies and employees for crimes related to fentanyl and methamphetamine production. DOJ noted that the companies used cryptocurrency transactions to “conceal their identities and the location and movement of their funds.” Sen. Elizabeth Warren (D-MA) tweeted about the DOJ announcement, advocating for legislation to crack down on the use of crypto to finance crimes.

US District Judge George B. Daniels sentenced Gutemberg Dos Santos to 40 months in prison for his role in co-founding the AirBit Club cryptocurrency scam. AirBit Club was founded in 2015, and the Ponzi scheme went on to defraud customers out of $100 million.

Sen. Cynthia Lummis (R-WY) tweeted about FTX, stating that the company's collapse “was not about the value of crypto assets,” but rather, “showed the clear need to bring regulatory rules of the road to the crypto asset industry.”

Celsius Network told US Bankruptcy Judge Martin Glenn that the company’s proposed Chapter 11 plan will produce a healthy crypto mining company, and that it is a fair deal for holders of its in-house token.

US District Judge John Koeltl set a September 17, 2024 trial date for former Celsius Network CEO Alexander Mashinsky. Mashinsky was arrested in July on charges of misleading customers about the firm's business, and scheming to inflate the value of Celsius' main crypto token.