On June 23, 2025, Texas became the first U.S. state to establish a publicly funded, stand-alone Bitcoin reserve after Governor Greg Abbott signed Senate Bill 21 (SB 21) into law. The new legislation directs the state to establish a $10 million Bitcoin reserve managed independently from the main treasury,
The GENIUS Act for stablecoin regulation, signed by President Donald Trump on July 18, 2025, has created an unprecedentedly complex supervisory system that tasks 55 different regulatory agencies with overseeing the $250 billion market. Georgetown University finance professor James J. Angel criticises the law for fragmenting supervisory authority among the
Financial Stability Board Chair Klaas Knot warned on June 12th in Madrid that whilst the FSB has long maintained that crypto does not yet pose a systemic risk, recent developments suggest we may be approaching a tipping point. Knot highlighted that barriers for retail users have dropped significantly, particularly with
Anthony Pompliano has announced a $1 billion merger to create ProCap Financial through SPAC Columbus Circle Capital I, securing over $750 million in initial funding for its bitcoin treasury, representing a record for public bitcoin-focused companies. The merger agreement between ProCap BTC and NASDAQ-listed Columbus Circle Capital I includes $516.
Billionaire Peter Thiel-backed cryptocurrency exchange Bullish Global confidentially filed paperwork with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) on June 11, 2025. Bullish, which launched in 2021 with a $10 billion valuation and primarily serves institutional clients, aims to capitalise on favourable market
The United States Department of Justice (DOJ) issued a memorandum on April 7, 2025, that immediately disbanded the National Cryptocurrency Enforcement Team (NCET), significantly reducing its capacity to pursue digital asset-related crimes. The four-page document titled "Ending Regulation by Prosecution," signed by Deputy Attorney General Todd Blanche, explicitly
U.S. state legislators are introducing strict regulations for cryptocurrency kiosks in the first quarter of 2025, following an FBI report that documented more than 5,500 complaints related to these machines nationwide in 2023, resulting in losses exceeding $189 million. The Maryland General Assembly is currently considering legislation that
On May 21, 2025, New York State Assemblyman Clyde Vanel introduced a bill that would allow cryptocurrencies, including Bitcoin, to be used for state and local government payments, covering taxes, fees, fines, and other governmental charges. The proposal aims to expand payment options and facilitate payments with digital assets for
Paul Atkins was confirmed as the new chairman of the US Securities and Exchange Commission (SEC) on April 9 with a 52-44 Senate vote, signaling a significant shift toward a crypto-friendly regulatory approach. Atkins' appointment is particularly significant for the crypto community. He previously held a $5 million stake
The New York state legislature is considering a new proposal to employ blockchain technology to protect electoral data and results. Democratic Assemblyman Clyde Vanel recently filed Assembly Bill A7716, which directs the New York State Board of Elections to conduct a comprehensive study on blockchain technology's potential role
In his 2025 shareholder letter, Larry Fink, CEO of BlackRock, cautioned that the United States’ burgeoning national debt—now exceeding $36.2 trillion—could jeopardise the dollar’s status as the world’s global reserve currency. Fink argued that decentralised currencies, such as Bitcoin, might supplant the dollar as international
On 25 March 2025, Donald Trump, President of the United States, and his cryptocurrency venture, World Liberty Financial, officially announced the launch of USD1, a new stablecoin. This dollar-pegged digital currency is now operational on the Ethereum and Binance blockchains, backed by U.S. Treasury bills, dollar deposits, and other
