Crypto Payments to California State Agencies Inch Closer to Reality – Decrypt
California Assembly passed AB 1180, allowing state agencies to accept crypto payments. The bill moves to the Senate, with a potential 2026 start as a pilot program until 2031.
SEC Eyes Crypto Policy via ‘Notice and Comment’ Process
SEC Chair Paul Atkins shifts crypto policy to ‘notice and comment’ process, dropping lawsuits and forming a Crypto Task Force for clearer regulations on issuance, trading, and custody.
Coinbase Faces Backlash For Delaying Data Breach Disclosure
Coinbase faces criticism for allegedly delaying disclosure of a data breach involving overseas contractors. The breach, linked to a $400 million incident, was reportedly known months before public acknowledgment.
Largest US economy, California, moves to accept Bitcoin for state fees with new bill
California’s State Assembly passed AB 1180, allowing state agencies to accept Bitcoin for regulatory fees. The pilot program starts in 2026, aiming to streamline crypto compliance and foster innovation.
Pakistan reveals Bitcoin reserve plan to Trump’s crypto team at White House
Pakistan’s crypto minister met with Trump’s digital assets team to discuss Bitcoin reserves, crypto mining, and regulatory frameworks, aiming to position Pakistan as a leader in digital assets.
Ctrl Alt Secures VARA License to Operate as Virtual Assets Service Provider in Dubai – News Bytes Bitcoin News
Ctrl Alt obtains VARA license in Dubai, becoming the first authorized Virtual Assets Service Provider to offer Broker-Dealer and Issuer services for tokenization.
Deadline Set: Singapore Bans Crypto Service Exports Starting June 30
Singapore’s MAS mandates local crypto firms to cease overseas token services by June 30, 2025, unless licensed. Non-compliance risks fines up to SGD 250,000 or jail time. Licenses will be rare, forcing firms to restructure or relocate.
Eric Trump threatens legal action over unauthorized Trump-branded crypto wallet
Eric Trump threatens legal action against an unauthorized ‘Official $TRUMP Wallet’ crypto project, denying any family involvement despite promotions by Magic Eden and Bill Zanker.
Czech Government Faces No-Confidence Vote Over $45M Bitcoin Scandal – Decrypt
Czech Justice Minister Pavel Blazek resigned after accepting a $45M Bitcoin donation from a convicted drug trafficker, sparking a no-confidence vote against the government ahead of elections.
South Korea Elects Pro-Bitcoin President, Spot Crypto ETF on the Way?
South Korea’s new pro-Bitcoin president, Lee Jae-myung, vows to approve spot crypto ETFs, reduce transaction fees, and create a stablecoin to curb crypto outflows, signaling a bullish crypto market.
