Founders

Last week in crypto regulation (January 20 - January 26):

1/ Donald Trump pardoned Silk Road founder Ross Ulbricht, announced the $500 billion Stargate AI project, and issued an executive order banning CBDCs, forming a crypto working group, and exploring a national digital asset stockpile.
https://truthsocial.com/@realDonaldTrump/posts/113869112741612092
https://www.wsj.com/tech/ai/tech-leaders-pledge-up-to-500-billion-in-ai-investment-in-u-s-da506cd4
https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/

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Head of web3&crypto practice at Buzko Krasnov law firm

2/ Telegram and The Open Network partnered to require all crypto mini-apps to adopt the TON Connect protocol.

2/ Telegram and The Open Network partnered to require all crypto mini-apps to adopt the TON Connect protocol.
https://x.com/ton_blockchain/status/1881716661268402397

3/ MicroStrategy shareholders approved increasing securities issuance to accelerate its Bitcoin plan. The firm bought 11,000 BTC for $1 billion but faces potential tax liabilities of $2.7 billion on unrealized gains.
https://www.bloomberg.com/news/articles/2025-01-21/microstrategy-share-increase-approved-to-fund-bitcoin-purchases
https://x.com/saylor/status/1881688755096174607
https://www.wsj.com/finance/currencies/microstrategy-federal-income-tax-unrealized-gains-f60b2c04

4/ SEC Chairman Gary Gensler resigned, while the SEC sued Nova Labs and updated its crypto custody guidelines.
https://www.sec.gov/newsroom/speeches-statements/departure-gensler-012025
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26229
https://www.sec.gov/rules-regulations/staff-guidance/staff-accounting-bulletins/staff-accounting-bulletin-122

5/ Hackers used Nasdaq and Cuba’s Ministry of Foreign Affairs X accounts to promote meme coins STONKS and CUBA.

5/ Hackers used Nasdaq and Cuba’s Ministry of Foreign Affairs X accounts to promote meme coins STONKS and CUBA.
https://x.com/ShloganG/status/1882347178162782529
https://x.com/punk9059/status/1881350463427391839

6/ Binance Labs rebranded to YZi Labs and shifted its focus to crypto startups and AI.

6/ Binance Labs rebranded to YZi Labs and shifted its focus to crypto startups and AI.
https://x.com/BinanceLabs/status/1882428195267559770