US Senators Adam Schiff and John Curtis are expected to introduce a bipartisan bill on Monday that would bar sports betting and “casino-style” contracts from prediction markets regulated by the Commodity Futures Trading Commission (CFTC), according to a Monday Wall Street Journal report. “Too

In brief Adam Schiff and John Curtis plan to introduce a bipartisan bill banning sports-related prediction markets. The proposal targets platforms like Kalshi and Polymarket, arguing many of their offerings are unlicensed sports bets. The move escalates a broader fight between states,

The U.S. Department of Justice announced that former Los Angeles Deputy Sheriff Michael David Coberg was sentenced to 63 months in prison and ordered to pay $127,000 in restitution for assisting cryptocurrency fraudster Adam Iza in extortion and false arrest schemes. Coberg, who was employed by the LASD, participated in extorting victims and making false arrests, abusing his authority for personal gain.

U.S. Department of Justice Announces Former LASD Deputy Sheriff Michael David Coberg Sentenced to 63 Months in Prison for Extortion and False Arrest Conspiracy with Incarcerated Crypto Fraudster The U.S. Department of Justice announced on March 16 that Michael David Coberg, a former Los Angeles County Sheriff's Department (LASD) deputy sheriff and helicopter pilot, was sentenced to 63 months in prison by federal court for assisting an incarcerated cryptocurrency fraudster in extortion and false arrest schemes. He was also ordered to pay $127,000 in restitution. Former Police Officer Colludes with "Crypto Godfather," Earning at Least $20,000 Monthly According to a press release from the U.S. Attorney's Office for the Central District of California, 44-year-old Coberg, a resident of Eastvale, pleaded guilty in September 2025 to one count of conspiracy to commit extortion and one count of conspiracy to violate civil rights. Prosecutors stated that Coberg, who was still employed by LASD at the time, secretly worked for 25-year-old Adam, who is currently held in federal custody.

The U.S. Department of Justice announced that former Los Angeles Deputy Sheriff Michael David Coberg was sentenced to 63 months in prison and ordered to pay $127,000 in restitution for assisting cryptocurrency fraudster Adam Iza in extortion and false arrest schemes. Coberg, who was employed by the LASD, participated in extorting victims and making false arrests, abusing his authority for personal gain.

The U.S. Department of Justice announced that former Los Angeles Deputy Sheriff Michael David Coberg was sentenced to 63 months in prison and ordered to pay $127,000 in restitution for assisting cryptocurrency fraudster Adam Iza in extortion and false arrest schemes. Coberg, who was employed by the LASD, participated in extorting victims and making false arrests, abusing his authority for personal gain.

Adam Back criticizes BIP-110, arguing it jeopardizes Bitcoin's stability by enabling potential risks like fund freezing and chain splits. He views it as an unnecessary response to spam that could harm users and damage Bitcoin's reputation.

Former U.S. police officer Coburg has been sentenced to 63 months in prison for conspiracy with cryptocurrency entrepreneur Adam Iza. He accepted bribes of 20,000 dollars while in office and participated in extortion and false arrests. Iza faces multiple charges including defrauding tens of millions of dollars and alleged involvement in violent crimes. The case demonstrates the impact of law enforcement corruption on cryptocurrency crime.

In brief The former LASD deputy was sentenced in a federal extortion case tied to crypto “Godfather” figure Adam Iza. The case details how law enforcement authority was used to pressure rivals in financial disputes. Prosecutors said Coberg “abused the power of his badge” for greed after s

A conflict within the Bitcoin community centers on BIP-110, a proposal to limit data on the blockchain. Opposition from veterans like Adam Back highlights concerns over censorship, potential fund confiscation, and network splits, raising fears of centralization.