ChainCatcher news, according to The Washington Post, U.S. President Trump took unprecedented actions in the first three weeks of his second term to weaken the power of federal agencies, suspend or cancel billions of dollars in authorized spending, and lay off tens of thousands of federal employees, triggering over 50 legal lawsuits.The "Department of Government Efficiency" (DOGE) led by Musk has intervened in the operations of 18 federal agencies, attempting to terminate 199 government contracts and pushing for a $1 trillion cut in the federal budget. A White House spokesperson stated that the courts' obstruction of Trump's executive orders is an "abuse" of the law. However, legal experts warn that if the government openly ignores court rulings, the U.S. may face a constitutional crisis.Trump's supporters believe these measures are correcting the overreach of federal agency power, while Democrats and some legal professionals argue that this marks an extreme expansion of executive power that could undermine the constitutional order of the United States.

ChainCatcher news, a California resident has sued three Asia-based banks, accusing them of failing to perform basic checks that led to his loss of nearly $1 million in a cryptocurrency scam.According to a complaint filed on December 31, 2024, Ken Liem's attorney claims that his client was contacted about a cryptocurrency investment opportunity via LinkedIn in June 2023 and was persuaded to transfer funds to the scammers. The funds were then deposited into the three Asian banks and ultimately transferred to a third-party account.The attorney alleges that these banks failed to conduct compliance checks such as "know your customer" (KYC) and anti-money laundering, failing to identify the fraudulent activity, thereby allowing the scammers to open accounts and carry out the scam.

ChainCatcher news, according to market news, Polymarket will impose restrictions on U.S. users and conduct compliance checks on high-stakes bettors.

ChainCatcher news, according to Cointelegraph, former U.S. President Trump mentioned in an interview with Fox that Bitcoin or "crypto checks" could be used to pay off the U.S. government's debt of up to $35 trillion and avoid an imminent debt crisis. "Who knows, maybe we will pay off $35 trillion of (national debt), give them a little crypto check, right? We will give them a bit of Bitcoin and wipe out our $35 trillion."

ChainCatcher news, according to Jin10 reports, the Federal Reserve and five other U.S. agencies have issued final regulations, and mortgage institutions are facing rule checks for automated valuation models.

ChainCatcher message, Ionic Digital Community (formerly Celsius) stated on social media that the Celsius claims distribution in USD will issue and mail checks to certain Celsius creditors. If creditors belong to this category, they should have already received the relevant email.

According to ChainCatcher, as reported by Decenter, member of the Korean National Assembly's Political Affairs Committee, Yoon Chang-hyun (phonetic), has initiated an amendment to the Specific Financial Information Act, which stipulates that when reviewing the declarations of virtual asset operators, not only the representatives and registered senior executives must be examined, but also the criminal records of major shareholders. Major shareholders who have been convicted must relinquish their shares or their status as virtual asset operators.

ChainCatcher news, NFT project Checks founder Jack Butcher announced the launch of a new NFT "Opepen Threadition" on the ZORA NETWORK, priced at 0.001 ETH, with the minting quantity now exceeding 23,000 pieces. Butcher stated that all proceeds from this NFT will go to crypto artist Michael Jerome (ThreadGuy).This NFT belongs to the Open Edition NFT category, allowing users to mint an unlimited number, with the only difference in appearance being the edition number. (source link)

ChainCatcher news, a report funded by the European Commission calls for stricter identity checks for users of cryptocurrency exchanges to ensure that users of exchanges, brokers, and ATMs can be identified when cashing out illegal proceeds. The report also states that a complete ban on the use of cryptocurrencies is ineffective in curbing darknet activities, and law enforcement agencies need training on the technologies being used as well as new investigative techniques required for such investigations. (source link)

ChainCatcher message, the official team of the DAO Maker project [Degen](https://www.rootdata.com/zh/Investors/detail/Degen DAO?k=MTE0NjA=) Zoo stated in Telegram that the investigation conclusion regarding yesterday's security incident found that a proxy contract could be added to make the code upgradeable. The proxy contract allows the project to build fixed contracts and test content without stopping the game.Previously, on April 2, Degen Zoo was suspected of being hacked, and the official team has suspended the game to launch an investigation. (source link)