Category: Law of the Chain
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UK working to sell $7B in seized Bitcoin to boost budget: Report
The UK plans to sell $7B in seized Bitcoin to address budget deficits, but faces legal challenges from victims of a Chinese Ponzi scheme who claim ownership of the assets.
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Trump calls Bitcoin speech by Coin Center director the GOAT
Donald Trump praised Coin Center director Peter Van Valkenburgh’s Senate testimony on Bitcoin as the greatest explanation ever. His administration has adopted pro-crypto policies, including the GENIUS Act.
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House Passes Major Bills During ‘Crypto Week,’ But Significant Changes May Take Time
The House passed three major crypto bills during ‘Crypto Week,’ but implementation delays are expected. The Genius Act is now law, while others await Senate approval. Bitcoin surged amid legislative optimism.
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Report: UK Moves to Sell Billions in Confiscated Bitcoin Assets – Crypto News Bitcoin News
The UK Home Office plans to sell 61,245 BTC seized from criminals, potentially generating billions to address budget deficits, as reported by The Telegraph.
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Japanese Crypto Tax Reform Would Spur BTC Biz, Survey Finds
A survey by the Japan Blockchain Association found that 84% of crypto holders and 12% of non-holders would buy more Bitcoin and altcoins if Japan reforms its high crypto tax rates to a flat 20%.
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Cuba Turns to Bitcoin and Crypto to Survive 60+ Years of U.S. Sanctions – Brave New Coin
Cuba legalized Bitcoin and cryptocurrencies in 2021 to bypass U.S. sanctions, enabling 100,000+ citizens to send remittances, pay bills, and access global commerce despite economic isolation.
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US Marshals Report Holding 28,988 BTC, Challenging Third-Party Crypto Estimates
The U.S. Marshals Service disclosed holding 28,988 BTC, far below previous estimates of 200,000 BTC. Seized assets must undergo forfeiture before becoming government property, explaining the discrepancy.
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Stablecoin Bill Passage Signals Start of New Financial Revolution in America, According to Coinbase CEO Brian Armstrong – The Daily Hodl
Coinbase CEO Brian Armstrong states the new stablecoin bill marks a financial revolution in the US, enabling faster, cheaper global payments and Fortune 500 adoption of stablecoins.
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Fed Governor Christopher Waller Says Central Bank Should Cut Rates by Next Meeting Amid Slowdown in GDP – The Daily Hodl
Fed Governor Christopher Waller advocates for a 25 basis point rate cut by the next FOMC meeting, citing slowing GDP growth, labor market trends, and tariff impacts as key reasons for immediate action.
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UK government eyes £5 billion seized Bitcoin sale to manage fiscal shortfall
The UK government considers selling £5 billion in seized Bitcoin to address fiscal deficits. The Bitcoin, confiscated from a Chinese Ponzi scheme, has surged in value. Experts debate the timing and implications of such a sale.
