Russian President Vladimir Putin has reportedly signed a law to set in stone the regulation of digital currencies and digital rights in the country — but citizens won’t be using Bitcoin to pay for goods just yet. 

News agency Tass reported Tuesday that the new law will allow only registered entities to operate as exchanges, and puts limits on the amount of crypto retail investors can use. 

For now, retail investors are limited to trading most liquid cryptocurrencies, capped at 300,000 rubles ($3,700) per year. Qualified investors have no restrictions, according to the report. 

But the new law still prohibits digital currencies and digital rights as a means of payment…

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Pro-bitcoin Senator Cynthia Lummis has said that bipartisan work is going into the crypto Clarity Act but warned that some lawmakers are still making unreasonable demands.  

The Republican, speaking to Fox Business Wednesday, said that she had been working with Democratic lawmakers into the night to get the bill over the line. 

But she said that some Democrats were still dragging their feet on the bill. Lawmakers are pushing to get a vote on the crypto market structure bill before the Senate goes to recess.

JUST IN: 🇺🇸 Senator Cynthia Lummis says “I believe we will get a vote on the Clarity Act before August recess.” 👀

“I don’t think we’ll be leaving on Friday, I…

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Bitcoin treasury company Strategy has said it will contribute to Trump Accounts for the children of its U.S. employees, becoming the latest major public company to layer corporate money on top of the federal savings program.

The Tysons Corner, Virginia-based company (Nasdaq: MSTR) announced it will deposit $250 annually into a Trump Account for every eligible child under 18 of a U.S. employee, regardless of when the child was born. 

For children born on or after January 1, 2025, Strategy will also make a one-time $1,000 contribution in the child’s birth year, matching the seed deposit the U.S. Treasury provides to newborns under the program.

A strong financial future starts early….

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The Coldcard hack last week dealt a low blow to certain elements of the Bitcoin industry. A somber introspection has begun to question many of the practices and assumptions involved in securing bitcoin at a retail level. The consequences of this process might not be visible for many months. 

Some are saying that self-custody is dead. Some reports estimate that over 11,000 bitcoins were moved to custodial exchanges last week as users fled one of the most popular hardware wallets in the Bitcoin industry. The hack, which is ongoing and users can still save themselves from, has seen north of 1,300 bitcoins stolen, with some estimates as high as 2,000 coins. 

Coinkite in particular…

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The Security and Exchange Commission’s outgoing commissioner, Hester Peirce, has expressed optimism that the long-awaited Clarity Act will pass. 

Speaking on CoinDesk’s The Policy Protocol show, the regulator said that passing the law would help the SEC in drafting regulation. 

Lawmakers are pushing to get a vote on the crypto market structure bill — or Clarity Act — before the Senate goes to recess. Some Republicans have bemoaned that Democratic members of the senate are deliberately dragging their feet with the bill. 

The Senate has 4 days to pass the CLARITY Act before recess. 👀

Contact your Senator and tell them to pass the bill! 🇺🇸…

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Canadian digital asset manager 3iQ Corp. will work to manage some of the Bitcoin reserves of Bhutan’s Gelephu Mindfulness City project. 

3iQ, Canada’s biggest and oldest digital asset fund manager, will not only manage the 10,000 Bitcoins pledged to build the new region, but also invest in local talent and establish a long-term physical presence in Gelephu as the region positions itself as Bhutan’s new offshore digital financial hub, according to a statement. 

Bhutan last year said it would use 10,000 Bitcoins to fund a special administrative region called the Gelephu Mindfulness City. First announced in 2023, the GMC will be “a world-class economic hub in southern…

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A Federal Bureau of Investigation agent allegedly took $1 million in seized cryptocurrencies before turning himself in, according to court records. 

Documents unsealed this week allege Patrick Steven Yaroch, who was a FBI Supervisory Special Agent working at the FBI Headquarters Counterintelligence and Espionage Division, claimed he “was frustrated that the FBI could not or would not act against adversarial cryptocurrency accounts.”

He then proceeded to “take matters into his own hands,” according to the affidavit filed with a district court in Virginia, and transfer $925,426.07 in crypto to his personal wallets over numerous transactions. 

Yaroch then allegedly…

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Republicans continue to criticize Democrats for dragging their feet when it comes to the long-awaited crypto Clarity Act. 

Speaking to Fox News on Tuesday, Senator Bill Hagerty said that the U.S. could not afford to fall behind the rest of the world with digital asset regulation. 

Lawmakers have just the next two days to vote on the Clarity Act before the Senate goes to recess. A bipartisan draft of the bill has been circulating among lawmakers but a number of Democrats are being pernickety over wording in the bill, say some Republicans. 

JUST IN: 🇺🇸 Senator Bill Hagerty tells Fox Business “We’re going to have to pass the Clarity Act.” 👀

“There’s no way that we…

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The whales are on the move. An O.G. Bitcoin address holding 500 coins — worth $31.8 million at today’s prices — shifted its stash on Tuesday after not budging for 12 years. 

Blockchain data shows that the legacy Bitcoin address moved all the funds in one go, paying just 191 sats, or $0.12, in transaction fees. 

First flagged by Lookonchain on X, the address piqued Bitcoiners’ interest due to the recent wallet drainage happening with Coldcards, with some speculating that the HODLer moved the funds to a safer place. 

Hackers last week started taking over $35 million in Bitcoin from wallets after discovering a vulnerability in the Coldcard wallet product… Read more on BitcoinMagazine