SEC ends investigation into PayPal’s stablecoin without enforcement action
In Brief: The US Securities and Exchange Commission (SEC) has closed its investigation into PayPal’s stablecoin (PYUSD) without taking any enforcement actions. Following months of uncertainty, the organization announced the development during its Q1 2025 financial report. The SEC launched its investigation into PayPal’s stablecoin in November 2023 and concluded it in February 2025. PayPal […]
Roswell, New Mexico becomes the first city to establish a Bitcoin reserve
In Brief: Roswell, New Mexico has become the first city in the United States to establish a strategic Bitcoin reserve. The announcement reached the public domain earlier on Wednesday as the city government disclosed its first Bitcoin donation. Market reacts to Roswell’s novel crypto move The historic move marks a significant shift in the nation’s […]
“Adopt crypto or go extinct in 10 years,” Eric Trump tells global banks
In Brief: Eric Trump, the executive vice president of The Trump Organization, has called on modern banks to adopt cryptocurrencies or risk going extinct over the next decade. He made the advocacy during one of his numerous recent visits to Dubai, a fast-rising global hub for digital assets. Eric Trump offers crypto to a “slow […]
Trump Tower Dubai set to receive crypto payments
In Brief: Eric Trump, the Executive Vice President of the Trump Organization, has confirmed that the Trump Tower Dubai will accept crypto payments. The second son of US President Donald Trump made the admission in a report published by the National. Trump’s flairs for real estate and crypto align Donald Trump has always been a […]
South Korea to approve spot crypto ETFs, deregulate banking sector
In Brief: South Korea’s People Power Party pledges to approve spot crypto ETFs and dislodge the “one exchange, one bank” rule before the end of 2025. Local media reported the development on Monday, weeks after political turmoil jarred the country’s landscape ahead of the June 3 elections. South Korean ruling party seeks political points with […]
Arizona passes bills to create crypto reserve
In Brief: The Arizona House of Representatives has passed two bills into law proposing ideas on establishing a crypto reserve. The bills, which had more legislators voting in their favor than otherwise, passed through a third reading on Monday. Arizona follows a nationwide rave for crypto reserves The first Senate Bill 1025 (SB1025) proposed an […]
Circle obtains Abu Dhabi license to provide financial services
In Brief: Circle issuer Circle has gotten approval to run as a financial services provider in Abu Dhabi. The organization announced the development in a press statement earlier on Tuesday. With the license, the UAE further enshrines itself as one of the most crypto-friendly regions globally. Circle takes monumental step The stablecoin platform joined the […]
Interest in crypto rebounds in Hong Kong as investors heal from HK$1.6b scandal
In Brief: Hong Kong now sees an uptick in the number of people willing to invest in crypto assets following the JPEX HK$1.3b scandal in 2023. A recent survey conducted by researchers from the Hong Kong University of Science and Technology found that one out of every four adults in Hong Kong now intends to […]
Bitcoin dips as Trump’s crypto reserve policy disappoints market
Brief Take US President Donald Trump recently signed an executive order (EO) to set up a strategic Bitcoin reserve and stockpile of major altcoins. However, Bitcoin and the crypto market sank hours after as the market felt some parts of the policy were rather disappointing. Trump’s order on US crypto reserve Forfeited Bitcoin from criminal […]
Breakdown of Trump’s order to create a strategic “Crypto Reserve”
Brief Take US President Donald Trump finally issued an executive order on Thursday to create a Strategic Bitcoin Reserve. The EO comes just a day before the crypto summit with top industry executives at the White House. Here’s the text of the Executive Order: ESTABLISHMENT OF THE STRATEGIC BITCOIN RESERVE AND UNITED STATES DIGITAL ASSET […]