Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has confidentially filed for an initial public offering (IPO), signaling a pivotal moment in the crypto industry. This strategic move aims
Willy Woo predicts a significant Bitcoin value rise over the next 20 years. Bitcoin could potentially replace gold, reaching 188 times its current value. Continue Reading: Willy Woo Predicts Bitcoin’s Dramatic Upsurge Over the Next Two Decades The post Willy Woo Predicts Bitcoin’s Dramatic Upsurge Over the Next Two Decades appeared first on COINTURK NEWS .
Senator Josh Hawley is opposing party lines by voting against an upcoming stablecoin bill endorsed by the White House. According to a New York Times report , the Missouri Republican Senator is saying “no” to the upcoming GENIUS Act. “It’s a huge giveaway to Big Tech. It allows these tech companies to issue stablecoins without any kind of controls. I don’t see why we would do that.” According to the Times report, the GENIUS Act could potentially upend the credit card industry and benefit both Trump and Musk, who are currently publicly feuding . Hawley is pushing for amendments to the bill that would curtail Big Tech’s involvement. GENIUS is an acronym meaning “Guiding and Establishing National Innovation for US Stablecoins”. The bill purports to seek to improve consumer protection, transparency, marketing restrictions and regulatory oversight for the burgeoning stablecoin market, estimated to be worth $250 billion. Yesterday, the second-biggest player in the US-dollar pegged stablecoin space, Circle, issuer of USDC, launched its initial public offering, or IPO. “Circle is now officially a public company, listed on the NYSE under CRCL.” In its New York Stock Exchange (NYSE) debut, Circle saw an opening price of $69 per share, up by 168.48% from the IPO price of $31 per share. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/laskoart/Vladimir Sazonov The post Republican Senator Josh Hawley Breaks With Party Lines, Opposes Upcoming GENIUS Act: Report appeared first on The Daily Hodl .
Bitcoin ETFs reversed course with a sharp $278 million net outflow, driven by exits from seven major funds. Meanwhile, ether ETFs extended their green run to 14 straight days, netting a $11.26 million inflow. Bitcoin ETFs Slide With $278 Million Outflow But Ether ETFs Hold Strong With $11 Million Inflow Investor sentiment wavered again as
Three prominent financial firms—VanEck, 21Shares, and Canary Capital—have formally challenged the U.S. SEC’s evolving approach to approving crypto exchange-traded funds (ETFs), emphasizing concerns over fairness and market growth. The firms
Davis Commodities (NASDAQ: DTCK) has taken a notable step by allocating $4.5 million of its recent $30 million fundraising round to Bitcoin, signaling growing institutional confidence in digital assets. This
Institutional Bitcoin ETF exposure declined by 23% in Q1 2025, signaling strategic profit-taking among major investors amid shifting market conditions. BlackRock’s iShares Bitcoin Trust (IBIT) experienced notable outflows after a
Crypto ETF issuers are urging the SEC to reinstate the “first-to-file, first-to-approve” rule, emphasizing fairness and innovation in the approval process for exchange-traded products. Leading asset managers VanEck, 21Shares, and
This week in crypto regulation, U.S. lawmakers and state officials drew attention across the digital asset sector with developments ranging from delayed disclosures and enforcement criticisms to landmark crypto-friendly legislation in California. The regulatory environment continues to evolve, sometimes sharply divided between federal hesitations and state-level innovation. Texas Congressman Slammed for Delayed Bitcoin Disclosure In a striking development, Texas Congressman Brandon Gill (R-TX) came under fire for failing to disclose his Bitcoin purchases in a timely manner . Congressman Brandon Gill (R-TX) is under fire for allegedly improperly disclosing recent Bitcoin transactions. #BrandonGill #DonaldTrump https://t.co/JbID89ntiW — Cryptonews.com (@cryptonews) June 3, 2025 According to a report from Open Secrets, Gill bought between $100,001 and $250,000 worth of Bitcoin on January 29 and February 27. However, the disclosures didn’t appear until May 30—well beyond the 45-day window mandated by the STOCK Act, which is designed to prevent insider trading by public officials. The freshman congressman’s failure to comply with basic transparency protocols has sparked criticism, particularly as lawmakers increasingly shape crypto policy. The delayed filings raise questions about oversight and ethical conduct amid the sector’s surging political relevance. Crypto advocates may see Gill’s holdings as a sign of growing interest within Congress, but his misstep shows the need for stricter accountability when digital assets enter the halls of power. SEC Chair Paul Atkins Calls Out Enforcement-First Approach Over in Washington, SEC Chair Paul Atkins delivered pointed remarks before the Senate Appropriations Subcommittee this week, criticizing the agency’s previous stance of “regulation-by-enforcement” toward crypto. BREAKING SEC Chairman Paul Atkins says his top priority is a clear, rational crypto regulatory framework —….. especially around custody & $XRP Clarity is coming. pic.twitter.com/30eyZLdwEg — 𝕏aif | (@Xaif_Crypto) June 3, 2025 Atkins argued that the former approach stifled innovation and inadvertently opened the door for fraudulent behavior to flourish. “Enforcement without clear rules sends the wrong message,” Atkins said, emphasizing the need for proactive, rules-based regulation. He also praised the SEC’s revamped Crypto Task Force, describing it as a key player in developing a more nuanced and transparent regulatory framework for digital assets. This shift in rhetoric from the SEC’s highest office marks a potential turning point in crypto regulation. For years, the agency’s ambiguous stance has frustrated industry players. Atkins’ testimony could pave the way for more constructive engagement with blockchain projects—if it results in real policy changes and not just regulatory lip service. California Leads With Progressive Crypto Legislation While federal agencies wrestle with regulatory philosophy and enforcement, California is pushing ahead with bold legislative moves that could redefine state-level crypto governance. The State Assembly passed Assembly Bill 1180 with unanimous support on June 2. The bill authorizes the Department of Financial Protection and Innovation (DFPI) to create a pilot program allowing state fees to be paid using digital financial assets. Assembly member Avelino Valencia, the bill’s sponsor, called the move “a turning point for public sector adoption of financial technologies.” This marks one of the most concrete steps by any U.S. state toward integrating crypto into official government operations. Should the bill progress into law, California could serve as a testing ground for broader crypto utility in public finance, potentially setting a template for others to follow. Hot on the heels of AB 1180, another bill —Assembly Bill 1052—also cleared the State Assembly in a 78-0 vote. AB 1052 seeks to modernize unclaimed property laws, particularly how dormant digital assets are handled. JUST IN : California Assembly passes bill to regulate Digital Assets under 'Unclaimed Property' law. The bill now moves to the Senate. Law explained: Assets left on an exchange for 3 years will transferred to the state, and can then be claimed by the owner. pic.twitter.com/u9XftO0XRy — Bitcoin Laws (@Bitcoin_Laws) June 4, 2025 If passed by the Senate, the law would prevent dormant crypto held by custodians (like exchanges) from being automatically liquidated. Instead, these assets would be safeguarded in their native form by a licensed custodian. This legislation specifically excludes self-custodied wallets from its reach, a key detail for privacy advocates and decentralization purists. Together, these two bills reflect a state legislature that understands the nuances of crypto and is willing to embrace its potential while mitigating risk. SEC Secures $1.1M Judgment in Crypto Fraud Case Elsewhere, the SEC notched a courtroom win against bad actors in the crypto space. A federal judge in Georgia issued a default judgment on June 3 against Keith Crews, who was accused of orchestrating a fraudulent crypto investment scheme. Crews failed to respond to the SEC’s lawsuit, resulting in a $1.1 million penalty that includes disgorged profits and civil fines. This case reinforces the agency’s ongoing commitment to enforcement, especially against blatant scams and fraudulent offerings. While Atkins may be steering the SEC away from broad, punitive enforcement as a policy default, this judgment shows that the agency won’t hesitate to act decisively against clear misconduct. State vs. Federal—A Diverging Path? This week’s developments present a revealing contrast. On one hand, California is emerging as a trailblazer in creating thoughtful crypto legislation, focusing on utility and protection. On the other, federal lawmakers continue to grapple with oversight lapses and internal tensions on how best to regulate the space. Congressman Gill’s disclosure mishap illustrates the regulatory gaps in the nation’s capital, while SEC Chair Atkins’ comments suggest a changing of the guard in federal crypto policy. Meanwhile, the SEC’s ongoing enforcement actions indicate that investor protection remains a top priority, even as the agency explores more collaborative approaches. The post Crypto Regulation Shake-Up: SEC Wins $1.1M Fraud Case as California Trials Bitcoin Fees appeared first on Cryptonews .
Few crypto executives have the résumé of Vakhtang Abrahamyan: decades in central banking, now leading a global Web3 company. At Bitcoin 2025, we talked about Fastex’s expansion, RWA tokenization, exchange security, and more. An Interview With Vakhtang Abrahamyan I sat down with Fastex CEO Vakhtang Abrahamyan at the Bitcoin Conference 2025, this year in Las