Several U.S. states, including California, Florida, Wisconsin, and North Carolina, are making significant moves by investing in Strategy stock formerly known as MicroStrategy as a way to gain indirect exposure to Bitcoin. With Strategy’s aggressive Bitcoin acquisition strategy driving its stock performance, state pension funds and treasuries see this as
Senator Cynthia Lummis has filed an amicus brief backing Coinbase’s legal battle with the U.S. Securities and Exchange Commission (SEC). The Wyoming Republican accuses the agency of overstepping its authority and undermining Congress’s regulatory role. Lummis criticized the SEC’s enforcement-driven approach under former Chair Gary Gensler. She described it as
Scott Bessent, a billionaire hedge fund manager and vocal crypto supporter, has officially become the 79th US Treasury Secretary. The Senate confirmed his nomination with a 68-29 vote, following President Donald Trump’s recommendation. Bessent succeeds Janet Yellen and takes office at a crucial time for US fiscal and crypto policy.
Pro-crypto Congressman Tom Emmer (R-MN) has been named vice chair of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. The announcement was made by Committee Chairman French Hill as part of the 119th Congress subcommittee assignments. The Digital Assets Subcommittee, established in 2023, focuses on regulating crypto
Singapore has officially banned Polymarket, labeling it an illegal gambling platform. The restriction follows the country’s stringent Gambling Control Act 2022, prohibiting unauthorized online betting activities. Visitors to Polymarket’s site in Singapore now face a warning from the Gambling Regulatory Authority (GRA), stating potential penalties of up to $10,000, six
The U.S. Senate Banking Committee is set to launch its first-ever subcommittee dedicated to digital assets. This move reflects the Senate’s commitment to addressing the growing impact of cryptocurrency on the financial sector. Senator Cynthia Lummis (R-Wyo.), a staunch Bitcoin advocate, is expected to chair the panel pending a committee
Bitcoin (BTC) has surged past the $100,000 mark again, driven by significant institutional purchases from U.S. Spot Bitcoin ETFs. The influx of nearly $1 billion over Friday and Monday has helped Bitcoin maintain its upward momentum. This robust buying trend suggests strong institutional confidence in the flagship cryptocurrency, even as
Ripple has intensified its U.S. hiring efforts, crediting a favorable shift in the crypto regulatory climate under President-elect Donald Trump. The company has doubled its U.S. hiring compared to 2023, expanding into larger offices in cities like San Francisco and New York. 2025 is here and the Trump bull market
Crypto.com has launched stock and exchange-traded fund (ETF) trading for users in the United States. The new feature is available in Pennsylvania, Ohio, Washington, and Arizona. The company announced this expansion on Thursday, January 2, 2025. US users, you can now add stocks and ETFs* to your portfolio! Available in
Donald Trump has chosen Bo Hines, a former college football player and Republican political candidate, to lead his newly created Crypto Council. Hines will take on the role of executive director for the Presidential Council of Advisers for Digital Assets, an initiative to support the growth of the cryptocurrency industry.
