Yesterday, Rep. Jordan Pace reintroduced Bill H. 4256, The “Strategic Digital Assets Reserve Act Of South Carolina”, into South Carolina’s House of Representatives.

Highlights from the bill include the fact that it enables the State Treasurer to invest up to 10% of the funds under the state’s management into digital assets, including bitcoin, and that the state’s Strategic Digital Assets Reserve can include up to one million bitcoin.

The bill also states that the reason for establishing such a reserve is because “inflation has eroded the purchasing power of assets held in state funds” and that “bitcoin, a decentralized digital asset, and other digital assets…

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The Federal Deposit Insurance Corporation (FDIC) has issued new guidance allowing banks it supervises to engage in bitcoin and crypto activities without seeking pre-approval. This reverses a controversial policy imposed under the Biden administration.

In a March 28 statement, the FDIC said banks can now participate in crypto-related services like custody and trading if they properly manage the risks. The agency will also work to replace old regulations with updated crypto guidance.

The policy change came in a new Financial Institution Letter that rescinds earlier rules from 2022 requiring banks to get FDIC clearance before handling bitcoin and crypto assets. That red tape frustrated…

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The is the first article deep diving into individual covenant proposals that have reached a point of maturity meriting an in depth breakdown. 

CHECKTEMPLATEVERIFY (CTV), put forward by Jeremy Rubin with BIP 119, is the most mature and fully fleshed out covenant proposal, not only out of the proposals we will be covering, but out of all of the covenant proposals in their entirety. As I mentioned in the introduction article to this series, there are many concerns in the ecosystem regarding covenants that are too flexible enabling things that wind up having very detrimental consequences for Bitcoin. 

CTV was designed specifically to constrain its capabilities tightly enough to avoid any…

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Dominari Holdings announced on Friday its strategic move to enhance its investment portfolio by integrating Bitcoin into its corporate treasury. The public holding company known for its expertise in wealth management investment banking trading and asset management has begun purchasing shares of BlackRock’s iShares Bitcoin Trust ETF the largest spot bitcoin exchange-traded fund. This initiative is part of Dominari’s plan to allocate a portion of its excess cash and earnings toward growing its Bitcoin treasury which currently stands at $2 million.

With this new strategy Dominari’s management aims to continue bolstering its alternative coin treasury as its cash reserves expand. The company’s engagement in such innovative investment avenues reflects its commitment to adopting emerging technologies that promise long-term value and growth.

The announcement was made alongside the release of Dominari’s fourth-quarter earnings where they forecasted a total revenue of approximately $19 million for 2024. The significant part of this revenue over $8 million was recognized in the fourth quarter alone. CEO Anthony Hayes emphasized the company’s ongoing focus on expanding its comprehensive investment banking services and its dedication to evolving into a dynamic holding company.

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