Iranians rush to move their crypto offshore and a New York City judge dismisses Uniswops lawsuit.

You're watching CoinDesk Daily. I'm Jen Sanasi.

Discover Nexo, the premier digital wealth platform, now in the U.S.

Get started today at nexo.com slash coin desk. Iran's crypto markets fell into panic following historic airstrikes from the U.S. Get started today at nexo.com slash coin desk. Iran's crypto markets fell into panic following

historic airstrikes from the U.S. and Israel. According to blockchain analytics firm,

elliptic crypto outflows from Nobatex, Iran's largest exchange jumped 700% just minutes after

the airstrikes that killed Supreme Leader Ayatollah Ali Kameini.

The bleeding suggests a rush to move funds offshore by bypassing the traditional banking system

as tensions rise in the region. Nobatex, which processed over $7 billion in 2025,

is a critical financial artery for the sanctioned nation. The geopolitical chaos also triggered immediate

volatility in global crypto markets. Bitcoin briefly plunged below $64,000 in the initial panic

before we're covering to the mid-60,000s. Uniswop's legal victory is bringing optimism to the entire

defy industry. A federal judge has dismissed a lawsuit trying to hold Uniswap Labs and its backers

liable for rugpole tokens traded on the protocol. Judge Catherine Pockefaila ruled that developers

cannot be responsible for scams created by third parties on a permissionless decentralized

exchange. The ruling effectively confirms that writing neutral decentralized code does not

make you an accomplice to the bad actors who use it.

Legal experts say the decision is an early precedent-setting ruling for D5 that underscores the

difficulty of assigning civil liability to protocol creators and may influence how courts approach

future crypto and criminal cases.

And the U.S. Senate is moving to ban a CBDC hidden inside a housing bill.

The 21st century Road to Housing Act introduced by Republican Tim Scott and Democrat Elizabeth

...