US Senator’s Bill Aims to Block Officials From Profiting Off Crypto Endorsements – Regulation Bitcoin News
US Senator Adam Schiff proposes the COIN Act to prevent top officials and their families from profiting via crypto endorsements, aiming to curb financial conflicts of interest.
Hacked Crypto Exchange WazirX Gets More Time to Restructure After Court Ruling – Decrypt
Singapore court grants WazirX more time to argue its restructuring plan after initial rejection, extending a moratorium protecting the exchange from creditor actions during recovery efforts.
Chase Bank Shuts Down Man’s Bank Accounts With No Explanation, Forcing Wedding Cancellation and Flood of Debt Collectors: Report – The Daily Hodl
A California lawyer alleges Chase Bank froze his accounts without explanation, seizing $185,000 and causing financial ruin, including wedding cancellation and debt collectors. Chase cites concerning transactions.
Crypto-Paid Spy Ring: Shin Bet Uncovers Alleged Espionage Plot – Crypto News Bitcoin News
Israeli security arrested three citizens for allegedly spying for Iran, with one receiving cryptocurrency payments for intelligence gathering, as reported by Shin Bet and Israeli Police.
Michael Saylor pitches Strategy’s Bitcoin credit model to Trump’s FHFA Director
Michael Saylor proposed MicroStrategy’s Bitcoin Credit Model to FHFA Director Bill Pulte, aiming to develop Bitcoin-backed mortgages by assessing credit risk based on BTC holdings and volatility.
US housing agency FHFA considers digital assets like Bitcoin for mortgage collateral
The US FHFA is reviewing whether digital assets like Bitcoin can be used as collateral for mortgages, potentially changing traditional lending practices amid growing crypto acceptance.
Texas to Allocate $10 Million to Buy Bitcoin in Strategic Reserve – Coinspeaker
Texas Governor Greg Abbott signed Senate Bill 21, allocating $10 million to establish a Bitcoin reserve. Arizona and New Hampshire are also exploring similar crypto reserves, signaling growing state-level adoption of digital assets.
Turkey tightens crypto rules with source, purpose checks on transfers
Turkey is tightening crypto regulations to combat money laundering, requiring transaction descriptions, holding periods, and limits on stablecoin transfers to align with global standards.
Texas Just Made Crypto History With First State-Funded Bitcoin Reserve
Texas has become the first US state to create a publicly funded Bitcoin reserve with a $10M allocation, aiming to strengthen financial resilience and hedge against inflation.
Fed Cracks Down: U.S. Banks Can No Longer Block Crypto Over “Reputational Risk”—Now What?
The U.S. Federal Reserve has removed ‘reputational risk’ as a factor in bank supervision, potentially easing banking access for crypto firms. This change addresses long-standing complaints of unfair debanking practices.
