Crypto Tax Break Rejected, Binance Stays Put, and North Korea Strikes Again | July 2, 2025
Release Date: 07/02/2025
The World Crypto Report
Do Kwon’s expected guilty plea in the high-profile TerraUSD and Luna collapse case could mark the end of a two-year legal saga (1:04). Bullish, backed by Peter Thiel, is raising its IPO target to $1 billion and boosting its valuation (2:10). Paxos is making another push for a U.S. national trust bank charter as the stablecoin market expands under new federal rules (3:17). And in a futuristic twist, Shift4 Payments and Blue Origin will now let you pay for spaceflights with cryptocurrency (4:52). This is your essential update on the forces shaping what’s next in money. More on stories and...
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The Trump family has big ambitions for a $1.5 billion public crypto treasury company (1:10), White House Crypto Advisor Bo Hines steps down (2:27), and El Salvador bids to lure big-ticket Bitcoin investors with its new investment banking law (3:37). Plus, India steps up enforcement against crypto-related tax evasion, targeting tens of thousands of noncompliant traders (5:07). This is your essential update on the forces shaping what’s next in money. More on stories and articles discussed or referenced in this episode: Baird, Kyle. “El Salvador Courts Crypto’s Deepest Pockets with New...
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A sweeping change in U.S. retirement policy (1:07), Ripple’s $200M Canadian expansion (2:27), and a novel effort to reclaim crypto’s “lost wallets” (3:59) Plus, the UAE takes a big step toward unified digital asset regulation (5:30). This is your essential update on the forces shaping what’s next in money. More on stories and articles discussed or referenced in this episode: Light, Joe. “Trump to Sign an Order Allowing Private Equity and Crypto Into 401(k)s.” Barron’s, 7 August 2025, . Riehl, Alex. “Crypto Giant Ripple to Acquire Stablecoin Payments Platform Rail for $275...
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Tornado Cash co-founder Roman Storm has been convicted of operating an unlicensed money transmitting business, but avoided a sanctions charge and a money laundering verdict, for now (1:13). Plus: SBI Holdings eyes a crypto-gold trust and a Bitcoin-XRP ETF in Japan (2:46), China warns against iris scans for crypto rewards (hinting at World) (4:20), and the Philippines blocks global exchanges amid a crypto crackdown (5:52). This is your essential update on the forces shaping what’s next in money. More on stories and articles discussed or referenced in this episode: Aquino, Alyssa. “Judge...
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The White House keeps its cards close on the size of a potential U.S. Bitcoin reserve (0:55). The SEC issues fresh guidance on liquid staking, easing compliance worries for platforms and ETF issuers (2:24). Corporate America’s appetite for ether is surging, with treasuries adding billions in holdings (3:54). And a new Ethereum‑based scam is making the rounds, stealing nearly $1 million through deceptive smart contracts (5:26). This is your essential update on the forces shaping what’s next in money. More on stories and articles discussed or referenced in this episode: Burt, Jeffrey....
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The U.S. Treasury warns of rising scams at cryptocurrency ATMs (1:17), the CFTC pushes to expand oversight of spot crypto trading (2:51), and George Osborne calls for the UK to accelerate its regulatory rollout (4:29). Plus, we look at IPO plans from Bullish and Figure Technology Solutions, two companies betting big on the future of blockchain finance (6:07). This is your essential update on the forces shaping what’s next in money. More on stories and articles discussed or referenced in this episode: “FIN-2025-NTC1: FinCEN Notice on the Use of Convertible Virtual Currency Kiosks for Scam...
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The U.S. CFTC launches a “crypto sprint” to fast-track digital asset regulation (1:24). Hong Kong unveils a new stablecoin licensing regime, setting the stage for tightly controlled growth (2:52). Across Asia, businesses are embracing stablecoins for cross-border payments, and luxury brands are joining the trend (4:24). Plus, the UK’s FCA reopens crypto ETNs to retail investors, signaling a change in oversight philosophy (6:09). This is your essential update on the forces shaping what’s next in money. More on stories and articles discussed or referenced in this episode: Adebayo,...
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The S.E.C. unveils “Project Crypto,” an ambitious new plan to overhaul U.S. crypto regulation and bring innovation back onshore (1:10). Plus: a new Deloitte survey shows that nearly 40% of large corporations are eyeing crypto for treasury operations (2:56). We also explore how younger Americans are using digital assets to buy homes (4:39), and why Bolivia’s partnership with El Salvador could be a game-changer for Latin America's crypto future (6:03). This is your essential update on the forces shaping what’s next in money. More on stories and articles discussed or referenced in this...
info_outlineThe World Crypto Report
The White House releases its most comprehensive digital asset strategy to date, signaling greater regulatory clarity (1:05). JPMorgan teams up with Coinbase to bring crypto access to millions of Chase customers (2:36). India’s CoinDCX is rocked by a $44 million hack linked to an insider (3:49). And new malware is making the rounds through fake crypto apps, posing a serious threat to users worldwide (5:19). This is your essential update on the forces shaping what’s next in money. More on stories and articles discussed or referenced in this episode: Bruggeman, Lucien and Jay O'Brien....
info_outlineThe World Crypto Report
The SEC approves in-kind transactions for crypto ETPs (1:04), Algeria makes a massive move against digital currencies (2:21), Iran tries to keep the lights on by going after illegal crypto mining (4:03), and RAKBANK introduces retail crypto trading in the UAE (5:40). This is your essential update on the forces shaping what’s next in money. More on stories and articles discussed or referenced in this episode: “Crypto Mining Accounts for Up to 20% of Iran’s Power Shortage.” Iran International, 29 July 2025, . “Nouvelle Loi en Algérie: Les Crypto-Monnaies Désormais...
info_outlineThe 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 Amendment. Frank Corva. Bitcoin Magazine.
Arizona Governor Vetoes Bill to Stockpile Seized Crypto. Martin Young. CoinTelegraph.
https://cointelegraph.com/news/arizona-governor-vetoes-seized-crypto-stockpile-bill
Buckhead Business Owner Says Remote Workers He Trusted Turned Out to Be North Koreans Who Stole $1M. Justin Gray. WSB-TV Atlanta.
Binance to Keep Hundreds of Staff in Singapore Despite Crypto Crackdown. Suvashree Ghosh. Bloomberg.
https://www.japantimes.co.jp/business/2025/07/02/tech/binance-staff-singapore-crackdown/
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