Everything web3, crypto, defi, degen
In brief The California lawmaker announced plans to ban elected officials from owning or creating cryptocurrencies, calling it a response to corruption concerns. Khanna linked the proposal to President Trump’s pardon of Binance founder Changpeng Zhao, which he described as “blatant corruption.” He previously authored the 2023 Ban Congressional Stock Trading Act, aimed at preventing…
In brief President Trump granted a full pardon to Binance founder Changpeng “CZ” Zhao, who served four months for violating U.S. anti-money-laundering laws. Top Democrats, including Maxine Waters and Elizabeth Warren, condemned the move as “pay-to-play corruption” tied to Trump’s crypto ventures. Trump said he pardoned Zhao “at the request of a lot of very…
In brief Gemini is launching a Solana version of its Gemini Credit Card. Users can earn SOL on every purchase and automatically stake it to boost their rewards. The exchange also offers Bitcoin and XRP versions of the card. Publicly traded crypto exchange Gemini expanded its credit card suite on Monday, unveiling the Solana Card—a…
In brief Rep. Troy Downing is introducing a bill to give President Trump’s crypto retirement executive order the force of federal law. The order, signed in August, encouraged 401(k) providers to offer exposure to crypto and other alternative assets. The $25 trillion U.S. retirement savings industry could inject huge amounts of capital into crypto, but…
In brief South Korea’s ruling Democratic Party has established a Digital Asset Task Force to draft comprehensive stablecoin and crypto legislation. The task force aims to enact digital asset laws during this year’s regular and year-end National Assembly proceedings. The country faces mounting pressure over capital flight, with $40.6 billion in digital assets transferred abroad…
In brief Elizabeth Warren and other liberal lawmakers questioned AI and crypto czar David Sacks on whether he has exceeded his 130-day limit as a temporary White House employee, raising ethics concerns. The lawmakers want a full record of Sacks’ workdays and locations since January, noting his dual role at the White House and at…
Stablecoin giant Tether furthered its push into the United States on Friday, announcing a previously teased U.S.-specific stablecoin designed to comply with new laws. The token project, dubbed USAT, will be led by Bo Hines, former executive director of the White House’s digital assets working group. Hines will serve as USAT’s CEO from Charlotte, North Carolina,…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on SubstackGM!Today’s top news: Crypto majors red but moving higher after Trump moved to fire Fed Governor Lisa Cook ETH ETFs see $444M in net inflows,…
In brief SuiPlay0X1 buyers are facing unexpected import duties on the $599 gaming handheld, some as high as nearly $350. Mysten Labs said that it will not cover the fees for buyers, in part because it sells the device at nearly cost. The firm is temporarily suspending shipments while it gains more information on the…
In brief Wisconsin Democrats have introduced two identical bills within weeks to tighten rules on crypto kiosks amid rising fraud losses. The proposals require money transmitter licenses, strict ID verification, fraud alerts, and caps on fees and daily transaction limits. Lawmakers cite a 99% surge in fraud complaints in 2024, with reported victim losses nearing…
