Here’s what happened in crypto today

Below is a concise, rewritten summary of the day’s top crypto developments, paraphrased from the original Cointelegraph piece.

Law enforcement moves in Thailand over large crypto-to-gold laundering scheme. Thai authorities arrested a 33-year-old South Korean man at Bangkok’s Suvarnabhumi Airport in connection with an investigation into a call-centre fraud and money‑laundering operation. Officials say the probe began after numerous victims reported being lured into high‑return “investment” schemes; investigators have since detained several suspects alleged to have converted stolen crypto into gold and moved funds through mule accounts.

Leadership shake-up at the IRS digital assets division. Trish Turner, who had been appointed head of the Internal Revenue Service’s digital assets unit only a few months earlier, has stepped down. In a LinkedIn post she reflected on her two decades with the agency and said she looks forward to continuing work on digital‑asset tax issues from a new role. Reporting indicates she will join a private crypto tax firm as tax director.

Coinbase projects fast stablecoin growth. New research from Coinbase forecasts that US dollar‑pegged stablecoins could expand substantially over the next several years, with the market potentially reaching roughly $1.2 trillion by 2028. The study argues that growth will be supported by clearer regulatory frameworks and greater adoption, and notes implications for the short‑term US Treasury market because many issuers back reserves with T‑bills.

Regulation noted as a catalyst. Coinbase’s outlook points to recent regulatory developments as important enablers of stablecoin adoption. The analysis highlights a recently passed regulatory framework designed to support dollar‑pegged stablecoins and says that implementation of those rules could help drive adoption and reshape demand in related money markets.

Paraphrased from an article on Cointelegraph; this summary reorganizes and rewords the original content for clarity.