Kraken just became the first crypto firm to snag a Federal Reserve 'master account,' unlocking direct access to Fedwire for lightning-fast transactions. Senator Cynthia Lummis calls it a 'watershed moment,' highlighting crypto’s power to disrupt traditional finance. ⚡️
Banks are already pushing back after Kraken Financial was approved for a Federal Reserve master account.
The Independent Community Bankers of America warned that letting crypto institutions access Fed accounts something traditionally reserved for regulated banks could create risks for the banking system.
🚨 $9.3T MORGAN STANLEY IS NOW MAKING ITS BITCOIN MOVE ⏰️
Morgan Stanley just named Coinbase and BNY Mellon as custodians for its proposed Morgan Stanley Bitcoin Trust. Coinbase Custody would hold the Bitcoin, while BNY Mellon would handle administration and cash services.
If approved, the ETF would hold BTC directly, with most of the assets kept in cold storage.
JUST IN: 🇺🇸 White House officially nominates pro-Bitcoin Kevin Warsh to be the new Federal Reserve Chairman 👀
He's publicly stated "Bitcoin does not make me nervous" and described it as "an important asset that can help inform policymakers when they're doing things right and wrong — a very good policeman for policy." He's called it "the newest, coolest software" and told audiences under 40 that "Bitcoin is your new gold." #AIBinance #GoldSilverOilSurge #BTC #USIranWarEscalation
Governor Mike Braun has signed HB 1042 (“Regulation and Investment of Cryptocurrency”) into law today!
Key points: • State retirement plans must offer a self-directed option with at least one crypto investment (fully integrated by July 1, 2027) • Protects the right to self-custody (hardware/software wallets) • Bars state/local limits on lawful crypto payments • Protects zoning for legal mining operations • Bans discriminatory crypto-specific taxes
🚨 CHATGPT HIT HARD: MILITARY CONTRACT FUELS MASS UNINSTALLS 🇺🇸
OpenAI’s controversial Department of War partnership triggered a massive user backlash: ChatGPT uninstalls spiked 295%, one-star reviews soared 775%, and downloads dropped sharply.
Meanwhile, Anthropic’s Claude surged past ChatGPT to #1 in U.S. downloads, fueled by CEO Dario Amodei’s ethical stance on AI safety.