Texas has officially become the first U.S. state to acquire Bitcoin for a government strategic reserve, purchasing $5 million worth of the digital asset on November 20 at roughly $87,000 per BTC. The move was confirmed by Lee Bratcher, president of the Texas Blockchain Council, who said the initial allocation was executed through BlackRock’s iShares Bitcoin Trust (IBIT) while … [Read more...] about Texas becomes first U.S. state to purchase bitcoin for strategic reserve
Senate Democrats, crypto leaders clash over sweeping digital assets bill
Tensions rose during a closed-door meeting Wednesday between Senate Democrats and leading crypto executives as negotiations over a major digital assets bill intensified on Capitol Hill. … [Read more...] about Senate Democrats, crypto leaders clash over sweeping digital assets bill
Binance is nearing a deal to remove DOJ compliance monitoring
Binance, the world's largest cryptocurrency exchange, is in talks with the US Department of Justice to potentially ease a key oversight requirement in its $4.3 billion money laundering settlement. This move is part of a broader trend by the DOJ to reconsider the use of independent monitors for corporations. … [Read more...] about Binance is nearing a deal to remove DOJ compliance monitoring
Wall Street pivots to stablecoins as Trump-backed regulation redefines crypto banking
Major U.S. banks are accelerating efforts to integrate stablecoins into their operations following the passage of the GENIUS Act, a law signed this summer by President Donald Trump that created a regulatory framework for dollar-pegged digital tokens. Institutions including JPMorgan, Bank of America, and Citi are actively developing interbank payment systems and customer-facing … [Read more...] about Wall Street pivots to stablecoins as Trump-backed regulation redefines crypto banking
Trump signs GENIUS Act, marking watershed moment for U.S. crypto regulation
In a historic moment for digital assets, President Donald Trump on Friday signed into law the GENIUS Act, the first major piece of U.S. legislation to regulate stablecoins. The move caps off a flurry of crypto-focused activity on Capitol Hill during what industry insiders are calling “Crypto Week.” … [Read more...] about Trump signs GENIUS Act, marking watershed moment for U.S. crypto regulation
Texas launches Strategic Bitcoin Reserve
Texas has officially launched its Strategic Bitcoin Reserve , becoming the first U.S. state to commit public funds to Bitcoin with long-term legal protections in place. … [Read more...] about Texas launches Strategic Bitcoin Reserve
Senate clears stablecoin bill, setting foundation for U.S. digital currency market
The U.S. Senate has passed the long-debated GENIUS Act, a bipartisan bill that introduces a comprehensive regulatory framework for stablecoins, signalling a major shift in the country’s approach to crypto payments. … [Read more...] about Senate clears stablecoin bill, setting foundation for U.S. digital currency market
Arizona advances crypto integration with bitcoin reserve law
Arizona has solidified its position as a trailblazer in the realm of digital assets by becoming the second U.S. state to enact a bitcoin reserve bill into law, following New Hampshire's recent legislative move. Governor Katie Hobbs signed House Bill 2749 on Wednesday, paving the way for the establishment of a crypto reserve fund. The legislation, championed by Representative … [Read more...] about Arizona advances crypto integration with bitcoin reserve law