[EU Expands Crypto Regulatory Authority, U.S. Treasury Sanctions Xinbi Guarantee] The European Commission has passed an authorization bill, extending the central contact point framework to crypto asset service providers, granting regulators the power to require crypto exchanges to appoint local liaison officers. The U.S. Treasury's OFAC has sanctioned the transnational criminal organization Xinbi Guarantee, with the Department of Justice seizing its infrastructure and digital asset wallets. Europol assisted Spanish police in arresting 21 suspects involved in drug trafficking and money laundering, issuing 19 international arrest warrants for overseas suspects, with six executed in the UAE, Egypt, and the Netherlands. (Source: AML Intelligence)