Category: Law of the Chain
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What the GENIUS Act Means for XRP Investors – Decrypt
The GENIUS Act provides regulatory clarity for stablecoin issuers like Ripple but has limited direct impact on XRP’s price. Ripple’s new stablecoin, RLUSD, positions it to compete with USDC and PayPal USD in the U.S. market.
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These U.S. States Have Passed Bitcoin Reserve Laws – Decrypt
Three U.S. states have passed Bitcoin reserve laws, with proposals pending in 17 others. New Hampshire allows 5% of public funds in digital assets, while Arizona permits holding seized Bitcoin. Debates continue over volatility and safety concerns.
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Tokenize Pulls Out of Singapore Over Licensing Roadblock
Tokenize Xchange exits Singapore after MAS rejects its digital payment token license application, relocating to Malaysia and planning expansion to Abu Dhabi.
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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.
