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This morning, bitcoin (BTC) investors cheered news of a supposed plan by Dutch lawmakers to authorize the creation of a strategic bitcoin reserve (SBR). Unfortunately, the post on X quickly earned a community note, putting an end to the excitement. “They are not. It is just a proposal,” someone commented, noting that the man speaking doesn’t speak on behalf of the legislature of the Netherlands. “This is an old video. And everyone voted against it,” someone else commented. Various posts about the non-existent news went viral. Complaints about the fake news turned out to be completely accurate. Indeed, the man speaking about the old proposal, Thierry Baudet, is a Forum for Democracy opposition speaker representing only three of the 150 seats in the Dutch House of Representatives. No SBR exists in the Netherlands, and Dutch lawmakers haven’t passed any bill authorizing one . News that never happened: Governments buying bitcoin reserves Read m...

How the US Administration Is Reshaping Crypto Policy Crypto Regulation in the Trump 2.0 Era! As Donald Trump enters a second term in office, the landscape of cryptocurrency regulation in the United States is experiencing a major shift. Once skeptical of Bitcoin and digital assets, the Trump 2.0 administration appears to be strategically reorienting its approach, embracing crypto innovation while aiming to protect national interests and maintain financial sovereignty. A Strategic Bitcoin Reserve: From Rhetoric to Action One of the most discussed developments under the new administration is the proposed establishment of a Strategic Bitcoin Reserve —a bold idea that echoes traditional models like national gold reserves. While still in early discussions, the concept signals a growing recognition of Bitcoin not just as a speculative asset but as a strategic tool in global financial competition. With rising geopolitical tensions and increasing skepticism of the US dollar’s long-term dominanc...

Zhao seeks Trump’s pardon right now as the founder of Binance continues to deal with the ongoing aftermath of his crypto regulation conviction and also the company’s massive $4.3 billion settlement with US authorities. At the time of writing, the former CEO has actually confirmed on Farokh Radio that he has indeed applied for presidential clemency, which contradicts his previous denials about seeking such legal relief. This development has also created quite a bit of concern about legal risks in the cryptocurrency industry and what this might mean for Binance’s future operations. Also Read: XRP Forecasted to Hit $5, Here’s When Trump, Binance And Zhao: Crypto Regulation And Legal Risks Ahead Source: Bitcoin Sistemi Pardon Application Confirmed Changpeng Zhao, also commonly known as CZ in the crypto world, has publicly acknowledged that an application for a presidential pardon related to money laundering charges was submitted by him. During his appearance on Farokh Radi...

US DOJ has hit KuCoin and two founders with money laundering charges. KCS price fell sharply after the news. The US Justice Department has charged KuCoin and two co- founders of the Crypto exchange for operating “an unlicensed money transmitting business and for Bank Secrecy Act violations. An announcement the US released on Tuesday, March 26 indicated the US had charged Chun Gan and Ke Tang for flouting US anti-money laundering laws as they sought to grow the exchange into one of the largest in the world today. “As today’s Indictment alleges, KuCoin and its founders deliberately sought to conceal the fact that substantial numbers of U.S. users were trading on KuCoin’s platform,” US Attorney Damian Williams said in a press release. Williams added” “KuCoin allegedly took advantage of its sizeable US customer base to become one of the world’s largest cryptocurrency derivatives and spot exchanges, with billion...

A US watchdog notes that the SEC’s specialized unit for emerging technologies is not fully prepared to meet current challenges. On Dec. 15, the United States Government Accountability Office (GAO) proposed three primary action plans to the Securities and Exchange Commission to take in the wake of approving 11 spot Bitcoin exchange-traded funds (ETFs) on Jan. 10. The advised strategies were centered around managing the workforce for the digital asset market and guiding the regulator’s approach to the burgeoning industry in the upcoming years. The report found that despite having 116 staff members working on crypto-related issues, the SEC has not updated its workforce planning strategy since 2019. To address this, the US watchdog suggested the preparation of a new strategy aligned with the agency’s 2022–2026 strategic and performance plans. You might also like: Coinbase dominance over Bitcoin ETF custody raises concerns The report also noted that the SEC...

The Financial Stability Board (FSB) says multifunction crypto-asset intermediaries (MCIs) are critical to the cryptocurrency ecosystem. However, their business models have vulnerabilities and risks that may negatively impact global financial stability. The FSB recommends a global approach and cooperation on regulation of these MCIs. The Financial Stability Board (FSB), an international organisation that monitors and makes recommendations about the global financial system, is seeking for greater cooperation among national regulatory bodies when it comes to the  regulation of crypto . In particular, the FSB has called for cross-border collaboration between different regulators across the globe in the supervision of multifunction crypto-asset intermediaries (MCIs). While critical to the crypto ecosystem, there are risks and vulnerabilities linked to crypto behemoths that combine services and products. These risks can be impactful on global financial stab...