In a recent interview, Treasury Secretary Scott Bessent claimed that the US won’t buy any Bitcoin for its Strategic Reserve. Instead, the federal government plans to fill it solely using assets from legal seizures. Bessent suggested that this reserve could contain between $15 and $20 billion, but that’s an oversimplification. Bitfinex repayments alone would reduce…
South Korea has officially made digital asset ecosystem development a national priority for the next five years. The Presidential Committee on Policy Planning included it among 123 policy agendas under the Lee Jae-myung administration. The committee listed “building a digital asset ecosystem” under its broader “innovative economy that leads the world” agenda. The Financial Services…
HMRC (His Majesty’s Revenue & Customs), the UK’s primary tax agency, is set to impose some new rules on crypto by January 2026. If token holders don’t familiarize themselves with the changes, they could face steep penalties. Lee Murphy, Managing Director at The Accountancy Partnership, provided BeInCrypto with some exclusive commentary on how to navigate…
A new report crunches the numbers on federal law enforcement actions on crypto firms under President Trump. Dozens of companies received leniency, but Web3, fintech, and AI were the biggest beneficiaries. This shift came as part of a coherent strategy fueled by over $1 billion in campaign contributions. These corporations eased attacks on themselves and…
Popular NYC mayoral candidate Zohran Mamdani finally mentioned crypto in a campaign commercial, and he went somewhat on the offensive. His newest ad skewered Andrew Cuomo for working with OKX during a federal investigation. Since Trump became the pro-crypto President, accusations of political corruption have hounded the industry from every angle. Zohran could turn these…
In a recent analysis of the Responsible Financial Innovation Act (RFIA), the Democratic staff of the Senate Banking Committee criticized the crypto market regulation bill over several key components. The Committee’s Democrat wing, led by Senator Elizabeth Warren, argues that the bill would endanger Americans’ retirement savings and increase the risks of an economic meltdown….
On Tuesday, Coinbase took bold steps toward stronger regulatory compliance in the EU by announcing a partnership with Crypto Risk Metrics, a German provider of compliance and data solutions. Earlier in June, Coinbase secured its MiCA license from Luxembourg, allowing the exchange to offer the full range of its products to all EU member states….
In a rather surprising development, the SEC issued a waiver allowing Ripple to sell securities to private investors. This directly contravenes Judge Torres’ rulings in the XRP case’s lengthy cross-appeals process. Legal experts seemed dumbfounded by the move, but acknowledged that there isn’t a clear way to stop it. Ripple will probably have a new…
Bo Hines, executive director of President Donald Trump’s White House Crypto Council, has announced his departure to return to the private sector. Key Takeaways: Bo Hines is stepping down as executive director of the White House Crypto Council. During his tenure, the council advanced US crypto policy but fell short on its strategic Bitcoin reserve…
President Trump has nominated Stephen Miran, current chair of the Council of Economic Advisers, to the Federal Reserve Board of Governors. The crypto-friendly economist will replace Adriana Kugler in a temporary role through January 2026. This move signals potential shifts toward lower rates and crypto-supportive monetary policy. Miran’s Strong Pro-Crypto Stance Miran has been vocal…