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France Takes Bold Step into Crypto: State Bank Launches $27M Digital Asset Fund
Bpifrance, France's state investment bank, unveils a €25 million fund focused on early-stage cryptocurrency and blockchain projects. The strategic initiative aims to bolster domestic digital asset innovation while operating within European regulations, targeting areas like DeFi, tokenization and AI applications.
U.S. Congress Takes Major Step Toward Digital Asset Clarity with Securities Bill
Representatives Tom Emmer and Darren Soto have reintroduced bipartisan legislation to establish clear regulatory guidelines for digital assets through the Securities Clarity Act. The bill aims to differentiate between digital assets and securities contracts while maintaining consumer protections and fostering innovation.
Senate Overturns Biden's DeFi Tax Reporting Rule in Decisive Vote
The US Senate has voted 70-28 to repeal a cryptocurrency tax reporting requirement for DeFi protocols implemented during the Biden administration. The resolution now heads to President Trump's desk, with his advisor indicating support for eliminating the IRS reporting mandate.
Wyoming Pioneers First State-Backed Stablecoin with WYST Launch
Wyoming announces testing of WYST, the first US state-issued stablecoin backed by cash and Treasuries, set to launch in July 2025. The innovative project will operate across multiple blockchain networks while directing generated interest to the state's education fund.
SEC Expands Crypto Dialogue: Four New Roundtables to Shape Digital Asset Regulation
The SEC announces four additional cryptocurrency roundtables between April-June 2024, focusing on trading, custody, tokenization and DeFi. This expanded initiative under Acting Chairman Uyeda signals an evolution in the agency's approach to developing clear frameworks for digital assets.
Crypto Influencer 'Bitboy' Faces Second Arrest Over Alleged Threats to Judge
Ben 'Bitboy' Armstrong, former cryptocurrency YouTuber, was arrested in Florida on a fugitive warrant following alleged threatening emails to Judge Childs. This marks his second arrest in recent months, after a September confrontation over a Lamborghini that resulted in multiple charges.
Dogecoin Targets $3 as Analysts Predict Massive Rally in Third Market Cycle
Dogecoin surges 10% as technical analysis suggests potential gains exceeding 1,160% in its third cryptocurrency bull cycle. With Bitcoin above $88,000 and increased institutional interest, analysts project ambitious price targets up to $3 for the popular meme coin.
SEC Drops Investigation into Immutable, Signaling Positive Shift for Web3 Gaming
The SEC has concluded its investigation into Australian crypto-gaming company Immutable without taking enforcement action, marking a significant win for the Web3 gaming sector. The decision follows a broader trend of decreased crypto enforcement and could unlock further investment in the rapidly growing industry.
SEC Drops Immutable Investigation: A Turning Point for Blockchain Gaming Regulation
The SEC's closure of its investigation into Immutable without charges signals a significant shift in crypto regulation under new leadership. This development, coupled with the establishment of a new Crypto Task Force, suggests a more collaborative approach to oversight in the blockchain gaming sector.