CLARITY and GENIUS Bills Advance in Congress, Stripe Acquires Privy, and Connecticut Kills Crypto Reserve | June 12, 2025
Release Date: 06/12/2025
The World Crypto Report
Robinhood’s new crypto offering in the EU faces backlash from OpenAI (0:58). Senator Cynthia Lummis introduces a bill to simplify crypto taxes and legitimize everyday transactions (2:31). The IMF shuts down Pakistan’s plan to support crypto mining with cheap power (4:14). And Ripple applies for a U.S. banking license to bring its stablecoin under federal oversight (5:41). This is your essential update on the forces shaping what’s next in money. More on stories and articles mentioned or referenced in this episode: OpenAI Condemns Robinhood’s ‘OpenAI Tokens’. Maxwell Zeff....
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Tech investors launch Erebor, a new digital-only US bank designed for crypto, AI, and defense startups (1:14). In Europe, a Deutsche Bank-backed euro stablecoin enters the scene under MiCA rules (2:36). Coinbase acquires token management platform Liquifi (4:02). And security researchers uncover a dangerous crop of fake crypto wallets in Firefox’s add-on store (5:33). This is your essential update on the forces shaping what’s next in money. More on stories and articles mentioned or referenced in this episode: Peter Thiel Joins Tech Billionaires Backing New Lender Erebor to Rival Silicon...
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The U.S. Senate passes the One Big Beautiful Act — but shuts out key crypto reforms (1:04). Arizona’s governor blocks a state-run Bitcoin reserve, despite growing interest nationwide (2:34). North Korean hackers strike again, targeting an Atlanta-based blockchain startup (4:10). And in Singapore, Binance stays steady as regulatory pressure pushes others out (5:36). This is your essential update on the forces shaping what’s next in money. More on stories and articles mentioned or referenced in this episode: The One Big Beautiful Act Passes in the U.S. Senate — Without Bitcoin Tax...
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Spain cracks down on a massive crypto scam (1:10), Robinhood expands its blockchain game (2:43), Germany’s Sparkassen Bank prepares for Bitcoin trading (4:12), and Pennsylvania tightens its crypto rules (5:35). This is your essential update on the forces shaping what’s next in money. More on stories and articles mentioned or referenced in this episode: Cryptocurrency fraud ring busted in Spain after laundering $540 million, Europol says. Reporting by Sudip Kar-Gupta. Editing by William Maclean. Reuters. Crypto investment fraud ring dismantled in Spain after defrauding 5,000 victims...
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The IRS is sending out a wave of crypto tax warning letters (1:03), California wants to seize dormant exchange accounts (2:27), and the FBI tracks down a notorious hacker using blockchain forensics (4:07). Plus: Corporate bitcoin holdings just hit a record high, and Trump Media is buying in (5:47). This is your essential update on the forces shaping what’s next in money. More on stories and articles mentioned or referenced in this episode: Bitcoin and Crypto Investors Hit with Flood of IRS letters, Say Tax Experts. Ben Weiss. Fortune. California Passes Bill Allowing State Agencies to Accept...
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Boko Haram is funding terror with crypto (1:09). The Trump family’s DeFi venture lands a massive $100 million investment from the UAE (2:42). And Bolivians turn to Bitcoin as inflation and dollar shortages choke the economy (4:29). Plus: Kraken launches its new all-in-one app, Krak (6:00). This is your essential update on the forces shaping what’s next in money. More on stories and articles mentioned or referenced in this episode: Boko Haram Uses Cryptocurrency to Finance Terrorism Secretly. U.S. Africa Command. Africa Defense Forum. UAE’s Aqua 1 Invests $100 Million in Trump-Linked...
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The FHFA signals a shift in U.S. mortgage policy, directing Fannie Mae and Freddie Mac to start preparing for crypto asset inclusion (0:56). In Kyrgyzstan, a ruble-pegged stablecoin is fueling billions in cross-border flows that may be helping Russia evade sanctions (2:06). SoFi reenters the crypto space with onchain money transfers and fresh support for token trading (3:40). And Barclays bans crypto purchases on its credit cards, citing volatility and lack of consumer protections (4:57). This is your essential update on the forces shaping what’s next in money. More on stories and articles...
info_outlineThe World Crypto Report
A massive crypto seizure led by the U.S. Secret Service shows how blockchain forensics—and Coinbase—are reshaping crypto crime investigations (0:57). Türkiye announces sweeping new anti-money-laundering rules for crypto platforms (2:47), Japan signals a move toward Bitcoin ETFs and tax reform (4:36), and Mastercard joins Chainlink to bring crypto to traditional payment cards (6:05). This is your essential update on the forces shaping what’s next in money. More on stories and articles mentioned or referenced in this episode: Consumer Protection Tuesday: How Coinbase Helped the Secret...
info_outlineThe World Crypto Report
A major shift may be coming for thousands of US banks, as Fiserv prepares to roll out a stablecoin platform linked to Solana, Circle, and Paxos (1:01), while China eyes Hong Kong as a testbed for yuan-backed digital tokens (2:40). This episode also covers Anthony Pompliano’s $1 billion bitcoin treasury initiative (4:13), and new reporting on Telegram’s struggle—or refusal—to crack down on crypto-enabled scams (5:44). This is your essential update on the forces shaping what’s next in money. More on stories and articles mentioned or referenced in this episode: Stablecoin World Opens Up...
info_outlineThe World Crypto Report
Texas launches the first stand-alone state-run Bitcoin reserve (1:09), while Norway prepares to restrict power-hungry crypto mining (2:22). Phoenix Group eyes AI expansion and a potential U.S. stock listing (3:49). Plus: a 19-year-old hacker pleads guilty in one of the largest Bitcoin thefts ever (5:04). This is your essential update on the forces shaping what’s next in money. More on stories and articles mentioned or referenced in this episode: Texas Governor Greg Abbott Signs Strategic Bitcoin Reserve Bill into Law. Zack Abrams. The Block. Norway Plans Temporary Ban on Power-Intensive...
info_outlineCongress inches closer to a crypto regulatory breakthrough, with new momentum behind the GENIUS and CLARITY Acts (1:02). We also have updates on a harrowing Bitcoin-related kidnapping in Manhattan (2:37), Stripe’s latest crypto acquisition (4:03), and Connecticut’s move to ban government involvement in digital assets (5:35).
This is your essential update on the forces shaping what’s next in money.
More on stories and articles mentioned or referenced in this episode:
Landmark Crypto Bill Moves Closer to Passage in Senate. Jasper Goodman. Politico.
2 House Panels Advance Crypto Market Structure Bill. Julia Shapero. The Hill.
https://thehill.com/policy/technology/5344328-house-panel-advances-crypto-oversight/
Photos Show Accuser in NYC Crypto Kidnapping Leaving House Freely, Defense Lawyers Say. Philip Marcelo. Associated Press.
Stripe Acquires Crypto Wallet Infrastructure Provider Privy. Duncan Riley. SiliconANGLE.
https://siliconangle.com/2025/06/11/stripe-acquires-crypto-wallet-infrastructure-provider-privy/
Connecticut Enacts Law Banning State Crypto Reserves, Investments. Timmy Shen. The Block.
https://www.theblock.co/post/357704/connecticut-bans-state-crypto-investments
The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti