Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ The Arizona State Legislature has passed a groundbreaking bill to establish a strategic Bitcoin reserve, pending approval from Governor Hobbs. While, several other states have proposed similar legislation this year, none have advanced as far. It remains uncertain whether Governor Hobbs will approve the bill; a veto would conclude the matter for the year.
2/ Sam Altman’s crypto project Worldcoin, a biometric identity verification system, has launched in six U.S. cities. This expansion occurs amid scrutiny from several countries, including Spain and Portugal, which have suspended operations due to concerns about biometric data collection and security.
3/ Morgan Stanley plans to offer crypto trading through E*trade by 2026, enhancing digital asset access for its wealthiest clients, who already engage with crypto ETFs and futures. This initiative aligns with U.S. banks’ preparation for lighter digital asset regulation under the Trump administration. The project is still in its early stages, with the bank exploring partnerships with crypto-native firms to develop the necessary infrastructure.
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