Day: January 8, 2025

Oklahoma Senator introduces Bitcoin Freedom Act enabling businesses to accept Bitcoin payments

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Key Takeaways The Bitcoin Freedom Act allows Oklahoma businesses to accept Bitcoin and employees to receive wages in Bitcoin. The legislation is expected to take effect on November 1, 2025, and includes provisions for tax implications and payment agreements. Share this article Oklahoma State Senator Dusty Deevers has introduced legislation that would allow employees to receive wages in Bitcoin and businesses to accept the digital asset as payment. The Bitcoin Freedom Act, known as SB325, is aimed at establishing a framework for the use of Bitcoin in Oklahoma, authorizing its…

Steve Hanke Is Wrong About the Strategic Bitcoin Reserve

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Steve Hanke is wrong about something Bitcoin related once again. He’s recently taken aim at the idea of the U.S. creating a Strategic Bitcoin Reserve (SBR). In the video embedded in the X post below, Hanke claimed that converting government savings into bitcoin would be a “drag on the economy” because those savings wouldn’t be invested in “real capital assets that produce things.”He even doubled down, saying bitcoin doesn’t build factories, create jobs, or drive innovation. A US BITCOIN STRATEGIC RESERVE = A STUPID IDEA. Savings funneled into Bitcoin aren't…

Thailand launches crypto payment trial in Phuket

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Key Takeaways Thailand’s crypto pilot in Phuket will enable tourists to register Bitcoin, seamlessly convert it to baht, and make hassle-free transactions. The initiative follows Thailand’s growing adoption of crypto, with communities like “Bitcoin town” in Kalasin already embracing digital payments. Share this article Thailand’s Deputy Prime Minister and Finance Minister Pichai Chunhavajira has unveiled a pilot program for crypto payments in Phuket. The initiative will allow tourists to use Bitcoin for transactions, marking the country’s first government-backed trial in the tourism sector. The initiative, announced at a Marketing Association…

Gensler exits SEC saying crypto regulation remains a work in progress

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Key Takeaways Gary Gensler leaves his position as SEC chair after completing 100 crypto-related enforcement actions. Paul Atkins is nominated to succeed Gensler and might adopt a more lenient approach to crypto regulations. Share this article Gary Gensler defended the SEC’s crypto enforcement record as he prepares to leave his position as chair on January 20 in an interview with Bloomberg Television. The agency brought 100 crypto-related enforcement actions during his tenure, following the 80 cases initiated by former chair Jay Clayton during the initial coin offering boom of 2017-2018.…

Do Kwon’s trial set for January 2026 as prosecutors review vast evidence

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Key Takeaways Do Kwon’s trial over TerraUSD collapse is set for January 26, 2026, allowing time for evidence processing. The trial follows a $4.5 billion SEC settlement and Kwon’s liability in a civil fraud case. Share this article Do Kwon’s criminal trial over the $40 billion TerraUSD collapse will begin on January 26, 2026, in the Southern District of New York. Prosecutors are reviewing six terabytes of evidence provided by Montenegrin authorities after his December 2024 extradition. Lead prosecutor Jared Lenow called the discovery process “massive,” citing challenges in decrypting…