The new US crypto bill could settle the commodity-versus-security debate and reshape compliance, trading and innovation. Since its inception, the US cryptocurrency industry has faced a regulatory challenge: determining when a digital asset qualifies as a security and when it qualifies as a commodity. This uncertainty has hindered institutional adoption, fueled legal disputes and made it difficult for crypto companies to interpret complex rules. But a draft bill from the Senate Agriculture Committee, led by Chair John Boozman and Senator Cory Booker, proposes changes that may address this. Read more
Brazil isn’t buying Bitcoin for sovereign reserves. Instead, cities, corporates and B3 products are creating a regulated path to treasury use. Brazil’s moves are corporate and municipal, not sovereign. B3’s spot ETFs and resized 0.01-BTC futures let treasurers gain, size and hedge exposure using familiar tools. New VASP standards (licensing, AML/CFT, governance, security), effective February 2026, reduce operational uncertainty. Read more