Global Crypto and Digital Currency Developments Accelerate with Major Investments and Regulatory Moves

In the latest developments, the California Assembly has overwhelmingly approved a bill to allow the state to accept Bitcoin and other digital currencies for payments, moving toward Senate approval. Meanwhile, Trump’s economic advisor, Kevin Hassett, has revealed holdings in Coinbase valued between $1 million and $5 million. In a strategic move, Trump-backed World Liberty Financial airdropped 47 USD 1 tokens to wallets linked to its token sale. On the trading front, around 3,540 BTC were sold, while 42,010 ETH were purchased, reflecting mixed investor activity. Additionally, Spanish coffee chain Vanadi Coffee plans to invest over $1.1 billion in Bitcoin, following MicroStrategy’s approach to becoming a Bitcoin-first company. Pakistan’s digital assets minister, Bilal Bin Saqib, is exploring crypto collaborations with U.S. officials, indicating growing international interest. The SEC intends to shape crypto policy via public rulemaking rather than enforcement actions. In corporate news, Chinese firm Webus seeks to raise $300 million through the U.S. SEC for a $XRP treasury plan. Moscow Exchange has launched Bitcoin ETF futures denominated in rubles, open only to qualified investors. MoonPay has obtained important licenses from New York regulators, and JPMorgan is considering offering crypto ETF-backed financing to clients. Meanwhile, U.S. politics remain tense with Trump advocating for the abolition of the debt ceiling to prevent an economic catastrophe. The stablecoin issuer Circle has expanded its IPO, surpassing its initial target and potentially reaching a market value of $6.9 billion. These events underline a widespread shift toward institutional adoption, regulatory engagement, and strategic investments in digital assets across different countries and sectors.