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Son of contractor managing seized crypto for U.S. Marshals arrested in France over alleged $46m theft

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Son of contractor managing seized crypto for U.S. Marshals arrested in France over alleged $46m theft

French authorities arrested John “Lick” Daghita, who allegedly stole tens of millions in crypto from the U.S. government.

In an X post on Thursday, FBI Director Kash Patel confirmed Daghita had been arrested on Wednesday on the island of Saint Martin in a joint FBI and French Gendarmerie operation.

In his social media post, Patel included images of Daghita handcuffed and another one of a metal suitcase filled with packs of $100 bills and several USB and what appear to be hardware crypto wallets.

“[The] FBI will continue working 24/7 with our international partners to track down, apprehend, and bring to justice those who attempt to defraud American taxpayers, no matter where they try to hide,” Patel said.

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The arrest caps off a monthslong investigation by the U.S. Marshals Service into whether Daghita, the son of a government contractor tasked with managing seized crypto funds, stole over $46 million from government seizure wallets.

Brady McCarron, chief of public affairs for the USMS, told CoinDesk in late January that an investigation into allegations that Daghita had stolen cryptocurrency were underway.

The law enforcement investigation began after blockchain sleuth ZachXBT publicly alleged that Daghita, the son of CMDSS president Dean Daghita, had siphoned tens of millions of dollars in digital assets from wallets associated with U.S. government seizures.

CMDSS is a Virginia-based contractor that advertises information technology and operational support services for U.S. government agencies, including the Department of Justice and Department of Defense. The company has previously been reported to hold contracts assisting the USMS with managing and disposing of cryptocurrency seized during criminal investigations.

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The investigator said he alerted authorities after identifying a wallet holding roughly 12,540 ETH, worth more than $36 million at the time, that he alleged was controlled by Daghita.

Daghita first drew attention in online circles after appearing in a recorded dispute in a Telegram group chat with another alleged threat actor in what is known as a “band for band” exchange, where participants attempt to prove control of large crypto holdings.

With Daghita now in custody, U.S. authorities are expected to pursue extradition as the investigation continues.

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US SEC Proposes Guidelines on How Securities Laws Can be Applied to Crypto

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US SEC Proposes Guidelines on How Securities Laws Can be Applied to Crypto


Like the SEC, the derivatives trading regulator, the CFTC, is also working to regulate prediction markets.

The United States Securities and Exchange Commission (SEC) has inched closer to creating guardrails to ascertain how cryptocurrencies are regulated.

In a recent commission-level guidance submitted to the White House’s Office of Information and Regulatory Affairs (OIRA), the SEC outlined how securities laws can be applied to crypto. If followed, the new guidelines could affect how crypto-focused companies register and operate their businesses in the country.

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New Guidelines for Crypto Market

According to the OIRA’s website, the guidance was labeled as the “Application of the Federal Securities Laws to Certain Types of Crypto Assets and Certain Transactions Involving Crypto Assets.”

The website shared sparse details about the SEC’s proposal. Still, an SEC spokesperson informed Bloomberg that the financial agency “will consider interpretive guidance around a token taxonomy for crypto assets.” This means that factors such as a crypto’s inherent properties, behavior, and use cases would be considered to determine whether securities laws apply or not.

With these guidelines in place, crypto firms would know how to proceed with registration, operations, and investor engagement. It is worth noting that commission-level guidance has more power than staff-level guidance. Still, it falls short of the requirements to become a rule, which include processes such as public notice and comment.

The latest move aligns with Paul Atkins’ goal of bringing crypto-friendliness to the country since he became the SEC chairman. A few weeks ago, he hinted at the agency’s commitment to establishing structural crypto regulations despite falling cryptocurrency prices.

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CFTC Calls for Regulation of Prediction Markets

The SEC is not the only Wall Street regulator advocating for a crypto-friendly regulatory framework. On March 2nd, the Commodity Futures Trading Commission (CFTC) submitted a measure to the White House’s OIRA on prediction markets.

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Michael Selig, the CFTC chairman, shed some light on the prediction markets’ measure, saying:

“We’re going to be setting very clear standards as to what can be self-certified in our markets and what cannot and how to evaluate the different products that are offered in the space.”

The CFTC’s latest move comes amid heightened attention investors give to prediction markets, popularized by leading platforms Polymarket and Kalshi.

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OpenAI’s new Wall Street AI stack is coming for crypto next

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OpenAI’s new Wall Street AI stack is coming for crypto next

OpenAI’s latest financial-services tools plug ChatGPT into FactSet, Third Bridge, Excel, and Google Sheets, laying the groundwork for AI agents that can treat crypto as just another institutional asset class.

Summary

  • Tools let finance professionals pull data, run models, and draft memos directly in ChatGPT.
  • The same setup can be wired into crypto market and on-chain data, lowering the barrier to automated strategies.
  • OpenAI’s broader push into financial workflows positions AI as core infrastructure for both tradfi and digital assets.

OpenAI’s move to wire ChatGPT directly into FactSet, Third Bridge, and spreadsheet environments is being sold as a play for banks, asset managers, and research shops, but the architecture is asset-agnostic.

Once you have an AI layer that can ingest institutional data, build models, and draft investment memos, swapping equities for Bitcoin (BTC), Ethereum (ETH), or alt liquidity pools is just a matter of pointing the same stack at different feeds: exchange APIs, on-chain analytics, and derivatives venues.

OpenAI’s broader agent framework is already being used alongside crypto APIs to automate portfolio rebalancing, yield monitoring, and strategy execution, turning what used to be bespoke quant and dev work into something closer to configuration. That lowers the barrier to running systematic strategies in DeFi and centralized venues, and it pushes crypto trading desks to look more like lean, AI-augmented quant pods than discretionary shops.

At a higher level, the company is positioning itself as middleware for financial workflows, not just a chatbot, embedding AI into risk, reporting, and decision-making across fintech and banking. If that stack becomes standard, crypto will be pulled into the same pipelines, priced and risk-managed by the same agents that handle equities and credit, with human analysts increasingly supervising rather than building models from scratch. For digital assets, the signal is clear: the real AI trade is not another token launch, but the quiet normalization of crypto inside an AI-native financial operating system.

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ZeroHash applies for national trust bank charter to expand regulated stablecoin services

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ZeroHash applies for national trust bank charter to expand regulated stablecoin services

ZeroHash, which develops behind-the-scenes crypto infrastructure for businesses, said it applied for a National Trust Bank Charter from the U.S. Office of the Comptroller of the Currency (OCC), looking to operate under federal regulatory oversight.

If approved, the charter would give ZeroHash permission to issue stablecoins, custody digital assets and manage reserves under direct federal oversight. It would not be allowed to take customer deposits or engage in commercial lending.

That status could allow the Chicago-based company, which already holds licenses in 51 U.S. jurisdictions and operates internationally, to expand its stablecoin and digital asset services under a single federal framework, rather than navigating a patchwork of state-by-state rules.

ZeroHash is following a path forged by a number of other crypto companies. In the past month, several firms have received initial approval for national bank trust charters. These include Stripe’s stablecoin firm Bridge and cryptocurrency exchange Crypto.com. In December, Circle Internet (CRCL), Ripple, Paxos, Fidelity Digital Assets and BitGo all received similar approvals.

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Founded in 2017, ZeroHash’s platform enables companies to embed stablecoins and digital asset functionality into services like payments, trading and payroll.

Clients include financial heavyweights like Morgan Stanley, Interactive Brokers, Stripe and Franklin Templeton.

In practical terms, a federal trust charter would let ZeroHash offer services that align with recent legislative developments, including provisions in the Genius Act, which clarifies the legal treatment of stablecoins in the U.S.

The OCC is now reviewing the application. No timeline for approval has been given.

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CleanSpark Sells Most February BTC Output, Generating $36.6M in Proceeds

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Bitcoin Price, United States, AI

US Bitcoin miner CleanSpark last month sold 553 Bitcoin from its February production for about $36.6 million, while producing 568 BTC during the month, according to the company’s latest operational update.

The company ended February with 13,363 BTC (BTC) in its treasury and continued expanding its infrastructure by completing the closing on a second Texas campus that adds 300 megawatts of ERCOT-approved power capacity.

The Electric Reliability Council of Texas, or ERCOT, operates the state’s electrical grid.

CleanSpark said its deployed fleet totaled 235,588 mining machines at the end of February, operating with 50 EH/s peak hashrate, a measure of mining computing power, and 43.2 EH/s average hashrate.

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Across its power portfolio, the company has 1.8 gigawatts of capacity under contract, with 808 megawatts currently in use.