Treasury Secretary Scott Bessent has told the Senate Finance Committee that the Trump administration is actively pursuing a Strategic Bitcoin Reserve, marking a significant step toward formalising federal Bitcoin holdings. Bessent urged lawmakers to pass both the BITCOIN Act and the Clarity Act, legislation that would legally establish and potentially
The U.S. Securities and Exchange Commission has published a draft strategic plan for fiscal years 2026 through 2030 that formally embeds cryptocurrency regulation as a core priority for the first time under Chair Paul S. Atkins. The plan signals a shift away from the aggressive enforcement-led approach of
US regulators are investigating former congressman George Santos after prediction market platform Kalshi reportedly flagged suspicious trades in which Santos allegedly wagered against his own attendance at the State of the Union address. The Department of Justice and the Commodity Futures Trading Commission are both involved in the probe, suggesting
The UK's Financial Conduct Authority is targeting crypto firms that use Premier League sponsorship deals as a backdoor route to promote financial products without authorisation. The regulator has warned that such high-profile partnerships may constitute breaches of UK financial promotion rules, which require firms to either be
The US Treasury's Office of Foreign Assets Control (OFAC) has sanctioned several Iranian cryptocurrency exchanges, including Nobitex, accusing them of facilitating illicit financial activity within Iran's broader crypto ecosystem. The designations target platforms alleged to have enabled terrorist financing by allowing funds to move through digital
Senators Bernie Sanders and Elizabeth Warren have written to the U.S. Department of Labor urging it to withdraw a proposed rule that would permit Bitcoin and other cryptocurrencies to be included in 401(k) retirement accounts. The rule, put forward under the Trump administration, would expand the range of
The U.S. Treasury Department has sanctioned Nobitex and several other Iranian cryptocurrency exchanges as part of a broader 'Economic Fury' campaign targeting Iran's financial infrastructure. Nobitex, identified as Iran's largest crypto exchange, processed more than half of the country's total crypto
The US Treasury Department has designated Nobitex, Iran's largest cryptocurrency exchange, along with three other Iranian crypto platforms and key executives, under counterterrorism and financial-sector authorities. The move is designed to disrupt Iran's digital asset infrastructure and curtail its ability to use cryptocurrency for sanctions
The CFTC's formal approval of prediction market platform Kalshi to offer perpetual-style contracts sent ripples across the derivatives sector, with Hyperliquid's native token HYPE emerging as the standout beneficiary. The regulatory green light signals a shift in US oversight toward legitimising perpetuals trading, a product
Japan's Liberal Democratic Party has formally proposed that the country establish a legal framework enabling crypto ETF trading, signalling a significant policy shift in one of Asia's largest financial markets. Submitted to the finance minister, the proposal also includes support for yen-denominated stablecoins, suggesting a
The week of June 1 brings several converging developments that could shape near-term crypto market direction and U.S. digital asset policy. U.S. Congress returns from recess, putting stablecoin legislation back on the legislative agenda as the public comment period for the GENIUS Act draws to a close.
Just two years after FTX's collapse prompted calls for strict oversight, the crypto industry has reinvented itself as a major force in U.S. politics, deploying millions of dollars in campaign spending across both Republican and Democratic parties. What began as a defensive response to regulatory pressure has