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Crypto News Summary May 23
May 23 crypto news recap: Meta's USDC creator payouts lifted sentiment before a meme coin frenzy and sanctions scrutiny reset the market mood.
US Treasury Targets Iran's Bitcoin Network
US Treasury targets an Iran-linked Bitcoin and crypto sanctions-evasion network, part of a broader crackdown on a reported $7.7B regime-connected pipeline.
USDC Unlikely in Hormuz Crypto Toll Plan
Circle says USDC is unlikely to be used in any Hormuz crypto toll scheme, arguing sanctioned actors avoid tokens that can be quickly frozen.
Bitcoin Debate Grows Over Iran Crypto Toll Claim
Debate is growing over reports Iran may accept Bitcoin tolls at the Strait of Hormuz, with traders eyeing sovereign BTC use but little proof so far.
Iran Bitcoin Hormuz Toll Claim Draws Doubt
Iran Bitcoin toll claims in the Strait of Hormuz face skepticism as TRM Labs says no verifiable on-chain evidence supports systematic crypto payments.
DOJ Seeks Roman Storm Retrial After Split Verdict in Tornado Cash Case
DOJ asked a Manhattan judge Monday to set an October retrial for Tornado Cash co-founder Roman Storm after a split verdict and deadlocked counts on two charges.