U.S. Labor Department Rescinds 2022 Guidance, Clears Way for Bitcoin in 401(k) Retirement Plans with Neutral Stance – “The Defiant”
The U.S. Labor Department rescinded its 2022 guidance against cryptocurrency in 401(k) plans, adopting a neutral stance, allowing Bitcoin and other digital assets in retirement accounts.
Ripple challenges SEC’s decentralization focus, proposes network maturity standard
Ripple urges SEC to establish clear standards for when digital assets cease to be securities, proposing a ‘network maturity’ framework instead of decentralization as the key regulatory benchmark.
XRP Spot ETF Update: SEC Advances WisdomTree Proposal Review
The SEC has advanced its review of WisdomTree’s XRP spot ETF proposal, seeking public feedback on investor protection and market manipulation concerns. Approval could mark the first US-based XRP ETF.
Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock
US Treasury Secretary Scott Bessent hints at deregulating banks’ supplementary leverage ratio, potentially freeing $250 billion for Treasury purchases, which could boost Bitcoin markets by lowering yields.
White House’s David Sacks Hints at Budget-Neutral Path for U.S. Bitcoin Purchases
White House advisor David Sacks proposed a budget-neutral approach for U.S. Bitcoin purchases, suggesting reallocation of Treasury assets instead of new spending, at Bitcoin 2025 conference.
US Eyes More Bitcoin as ETFs Hit 6-Month High
The US government may consider budget-neutral Bitcoin purchases, as ETFs see $5.7B May inflows. Retail investors remain inactive despite BTC’s record highs, while long-term holders increase outflows.
Kidnappers arrested for 2 week torture of tourist in NY luxury mansion to get Bitcoin keys
Two men kidnapped and tortured an Italian tourist in a NYC luxury mansion for 17 days to steal his Bitcoin. The case highlights rising real-world crypto crimes known as ‘wrench attacks’.
Stolen Crypto Traced: Ugandan Police Arrest Suspect in Blockchain Educator’s Abduction – Africa Bitcoin News
Ugandan police arrested Phineous Biira, a suspect in the abduction of crypto educator Festo Ivaibi, after tracing stolen cryptocurrency through blockchain forensics.
$345,000,000,000 Asset Manager Urges US To Get House in Order, Warns Debt Now Increasing Faster Than Economic Growth – The Daily Hodl
Guggenheim’s Jim Millstein warns the US faces fiscal disaster as debt grows faster than GDP, urging fiscal consolidation to address rising Treasury yields and unsustainable deficits.
Vietnamese Police Arrest Gang Accused of $394M Matrix Chain Scam – Decrypt
Vietnamese police arrested a gang behind the $394M Matrix Chain crypto scam, which defrauded 185,000 investors. The scheme promised high returns but delivered worthless tokens.
