Tim Scott Highlights ‘Real Progress’ On Crypto Bill After Democrats Question Stablecoin Yields, Elected Officials’ Digital Asset Activities

Senate Banking Committee Chair Sen. Tim Scott (R-S.C.) said that efforts to pass the cryptocurrency market structure legislation are making “real progress,” according to a report published Thursday.

Scott Meets Top Banking Execs

The senior lawmaker met with the CEOs of Bank of America, Citi, and Wells Fargo to discuss the key legislation that aims to create a federal framework for regulating digital assets, reported The Block.

Scott said that “real progress” is being made to pass the bill to establish the U.S. as the world’s “cryptocurrency capital.” He added that lawmakers on the Senate Banking Committee have received “valuable” feedback from the banking and…

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What Is A Bitcoin Treasury Company?

Bitcoin is no longer just a grassroots monetary revolution. It’s in the process of moving from the periphery of finance into its centre. The rise of Bitcoin treasury companies is a major force behind this shift. These are firms that accumulate bitcoin not as a side bet, but as a core balance sheet holding. In doing so, they provide access to capital markets, offer yield-bearing instruments, and reshape how companies think about monetary preservation.

This article explores what Bitcoin treasury companies are, how they operate, and why their emergence matters, for both corporate finance and Bitcoin’s long-term trajectory.

Key Takeaways Bitcoin treasury companies hold bitcoin as a… Read more on BitcoinMagazine

Terra Founder Do Kwon Receives 15-Year Prison Sentence For ‘Epic’ $40 Billion Crypto Fraud

Cryptocurrency fraudster Do Kwon was handed a 15-year prison sentence Thursday for abetting the infamous Terra (CRYPTO: LUNA) collapse that triggered one of the market’s worst crashes.

‘A Generational Fraud’

U.S. District Judge Paul A. Engelmayer, who pronounced the sentence, slammed Kwon for repeatedly deceiving investors who had invested their life savings with him, according to Reuters.

The judge described the fraud as “epic” and “generational,” asserting that few frauds in the history of federal prosecution have inflicted as much harm.

During a hearing at the Manhattan federal court, Kwon expressed regret for his actions and apologized to the victims for the “great”…

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Fixing crypto’s broken investor relations

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

Macro finally reminded crypto that it still matters. 

The Fed delivered the expected 25 bps cut but signaled a much tighter path ahead, projecting only one cut for all of next year. That was enough to knock BTC off its early strength and reinforce the idea that liquidity is not opening as quickly as many had hoped. 

At the same time, the Perp Wars are heating up as Aster and Lighter chip away at Hyperliquid’s dominance, and the gap between crypto’s cash flows and its investor relations infrastructure is becoming too big to ignore.

Indices

Markets saw a clear split yesterday…

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CFTC Cuts ‘Outdated And Overly Complex’ Crypto Guidance

The Commodity Futures Trading Commission (CFTC) is rolling back legacy policy on digital assets, marking another step in its reorientation toward regulated crypto markets. 

Acting CFTC Chairman Caroline D. Pham said the agency is withdrawing its years-old guidance on the “actual delivery” of virtual currencies, a document that had shaped how firms could custody and settle digital asset transactions since 2020.

The decision clears a path for new guidance that reflects the rise of tokenized markets, recent legislation and the CFTC’s growing oversight of spot crypto trading.

“Eliminating outdated and overly complex guidance that penalizes the crypto industry and stifles…

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Bitcoin Price Craters To $90,000 Despite Fed Rate Cuts

The bitcoin price fell on Wednesday night into Thursday, even after the U.S. Federal Reserve lowered interest rates, as Fed Chair Jerome Powell signaled a cautious approach heading into 2026.

On Wednesday, the Fed cut its benchmark rate by 25 basis points to 3.50%–3.75%, a move widely expected by markets. However, the 9–3 split among Federal Open Market Committee (FOMC) members and Powell’s hawkish remarks during the press conference tempered investor enthusiasm for risk assets, including cryptocurrencies. 

One official favored a deeper 50-basis-point cut, while two voted against any reduction.

The Bitcoin price briefly jumped over $94,000 but then dropped below…

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Dollar dominance can’t be manufactured

This is a segment from The Breakdown newsletter. To read full editions, subscribe.

“The dollar is always going to be the reserve currency. Anyway, for a long time.” 

— Jerome Powell

When the price of oil suddenly quadrupled in 1973, Saudi Arabia was wholly unprepared for the billions of dollars that started flooding in.

Strictly speaking, the money never actually made it “into” the Kingdom: Global buyers of Saudi oil sent their payments to accounts at Citibank and JPMorgan in New York — where the money sat idle because Saudi finance officials barely knew how to move it, let alone invest it.

With billions piling up in non-interest bearing accounts, the…

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Klarna Partners With Privy To Explore Use Of Crypto Wallets

Just weeks after announcing a stablecoin, Swedish fintech giant Klarna is taking another step into crypto. The company has teamed up with Privy, a wallet infrastructure platform owned by Stripe, to explore digital asset solutions for its users.

The partnership will focus on research and development of crypto wallet features, the company said. The two aim to make it easier for everyday users to store, use, and send digital assets. The move builds on the company’s recent launch of KlarnaUSD, a U.S. dollar-backed stablecoin issued on the Tempo blockchain.

“Millions already trust Klarna to manage everyday spending, saving, and shopping,” said Sebastian Siemiatkowski, CEO and…

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Satsuma Technology Sells 579 Bitcoin Ahead Of LSE Uplisting

Satsuma Technology (LSE: SATS) sold nearly half its bitcoin treasury and announced major board changes as it prepares for a planned uplisting to the London Stock Exchange’s main market.

The U.K.-based company sold 579 BTC out of its 1,199 BTC holdings, raising about £40 million ($53 million) in net proceeds, according to a Thursday announcement. The move leaves Satsuma with 620 BTC and roughly £90 million in cash.

The sale is designed to ensure the company has enough liquidity to repay £78 million in convertible loan notes due on Dec. 31, 2025. 

Some noteholders have not yet committed to converting their debt into equity once Satsuma publishes its prospectus for the…

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65% Of Bitcoin Treasuries Are Sitting On Unrealized Losses

Corporate Bitcoin treasuries faced mark-to-market losses in November, according to an exclusive Corporate Adoption Report from Bitcoin Treasuries. 

The report, covering more than 100 companies, offers a systematic look at how last month’s price drop affected public company holdings.

Bitcoin briefly fell below $90,000 in late November. The decline pushed many 2025 buyers into the red. Of the 100 companies for which cost basis is measurable, about two-thirds now sit on unrealized losses at current prices, per the report.

Despite the volatility, large balance sheets continued to dominate net Bitcoin buying. Strategy, Strive, and a small cohort of high-conviction buyers accounted for…

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