Key Takeaways Arizona Governor Katie Hobbs vetoed HB 2324, which proposed a state-managed Bitcoin and digital asset reserve fund. The bill aimed to allow investment of seized crypto assets but was criticized for potentially disincentivizing local law enforcement cooperation. Share this article Arizona’s House Bill 2324 (HB 2324), which was revived last month in a […]
The Securities and Exchange Commission (SEC) has approved the proposal to convert the Grayscale Digital Large Cap Fund into an exchange-traded fund (ETF), completing the conversion of the crypto index product into an ETF structure. According to a July 1 filing, the ETF will issue trust units that track a basket of the five largest
Key Takeaways The SEC approved Grayscale’s conversion of its large-cap crypto fund into a spot ETF. The ETF will include Bitcoin, Ethereum, XRP, Solana, and Cardano, expanding regulated crypto products for US investors. Share this article The US Securities and Exchange Commission today approved Grayscale’s proposal to convert its Digital Large Market Fund into an
Local reports indicate that South Korea’s central bank has suspended its central bank digital currency (CBDC) pilot program, pivoting the nation’s focus toward a private, bank-led stablecoin initiative. The Bank of Korea (BOK) halted its “Project Han River,” following mounting pressure from commercial banking partners who cited prohibitive costs and the absence of a viable
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Circle applied to charter First National Digital Currency Bank to become a federally regulated trust that would manage USDC reserves and expand custody services for institutional clients. According to a June 30 announcement, Circle applied to the Office of the Comptroller of the Currency (OCC), seeking authority to operate as a national trust bank subject
Key Takeaways Circle is seeking a national trust bank charter to manage its USDC reserves and offer tokenized asset custody. The move comes as Congress advances stablecoin legislation expected to be signed into law by President Trump. Share this article Circle filed today for a national trust bank charter with the US Office of the
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Senator Cynthia Lummis revealed on June 30 that she would introduce an amendment to add crypto tax language to the “One Big Beautiful Bill” (OBBB) amid pushes from crypto advocates in the same direction. Lummis posted on X that she is drafting an OBBB amendment “to ensure Americans can use digital assets without fear of
Key Takeaways The SEC has acknowledged Grayscale’s amended filing to convert its large cap fund into a spot crypto ETF. The proposed ETF will track major cryptocurrencies including BTC, ETH, XRP, SOL, and ADA. Share this article The US SEC has until Wednesday, July 2, to rule on Grayscale’s request to convert its Digital Large
Key Takeaways Kazakhstan’s National Bank plans to launch a centrally managed crypto asset reserve subject to new legislation. Crypto trading in Kazakhstan is only allowed on licensed exchanges, with strict controls enforced by local banks. Share this article Kazakhstan’s National Bank is actively developing a framework to establish a crypto-asset reserve, following a proposal from
Bitcoin is rapidly emerging as a serious strategic reserve asset, and India now faces a critical economic moment that could redefine its global financial leadership trajectory. Bitcoin Reserve Strategy Gains Attention as India Faces Economic Crossroads Growing adoption of bitcoin as a strategic reserve asset is prompting countries to reconsider BTC’s role in national economic
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