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⌐◪-◪ → South Carolina is making a power move with Bitcoin

South Carolina just introduced the Strategic Digital Assets Reserve Act (HB4256), aiming to allocate up to 10% of public funds into digital assets—starting with Bitcoin. The bill, proposed by State Rep. Jordan Pace, lays out a secure framework for custody, regular audits, and even allows voluntary BTC donations from residents.

This is yet another sign that states are racing to build Bitcoin reserves, following similar moves in Texas, Oklahoma, and Kentucky. However, not everyone’s on board—Wyoming just saw their proposal collapse, with the governor stressing Bitcoin’s volatility.

State-level Bitcoin adoption is all but inevitable at this point. Imagine being the last state to buy.

⌐◪-◪ → SEC gives crypto a big win

The SEC just dropped its enforcement cases against Kraken, ConsenSys, and Cumberland DRW—officially ending what many called a wasteful, politically motivated campaign against the crypto industry.

This marks a significant shift under acting SEC Chairman Mark T. Uyeda, who has pushed for clearer regulation and more transparency. Kraken, in a statement, called the dismissals a relief, noting it lifts uncertainty that was stifling innovation and investment.

The SEC’s changing tune signals a more crypto-friendly future, and might even pave the way for companies like Kraken to go public.

Regulatory clarity is finally on the horizon.

⌐◪-◪ → Hackers claim to have leaked Gemini & Binance user data

Hackers on the dark web are claiming to have stolen personal data from over 100,000 users of Gemini and Binance. The database allegedly includes full names, emails, phone numbers, and location data.

Binance has denied any breach, stating that the leaked information likely came from malware on user devices rather than an exchange leak.

It’s another reminder that personal security is paramount—make sure you’re using hardware wallets and strong, unique passwords.

Stay safe out there!

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