Longtime Slashdot reader schwit1 shares a report from ICO Bench: As of September 1, 2025, banks across Vietnam are closing accounts deemed inactive or non-compliant with new biometric rules. Authorities estimate that more than 86 million accounts out of roughly 200 million are at risk if users fail to update their identity verification.

The State Bank of Vietnam has also introduced stricter thresholds for transactions:
- Facial authentication is mandatory for online transfers above 10 million VND (about $379).
- Cumulative daily transfers over 20 million VND ($758) also require biometric approval.

The policy is part of the central bank's broader "cashless" strategy, aimed at combating fraud, identity theft, and deepfake-enabled scams. [...] While many Vietnamese citizens have updated their biometric data without issue, the measure has disproportionately affected foreign residents and expatriates who cannot easily return to local branches and dormant accounts that had been left inactive for years. schwit1 highlights a post on X from Bitcoin expert and TFTC.io founder Marty Bent: "If users don't comply by the 30th they'll lose their money. This is why we bitcoin."

The Shai-Hulud malware campaign impacted hundreds of npm packages across multiple maintainers, reports Koi Security, including popular libraries like @ctrl/tinycolor and some packages maintained by CrowdStrike. Malicious versions embed a trojanized script (bundle.js) designed to steal developer credentials, exfiltrate secrets, and persist in repositories and endpoints through automated workflows.
Koi Security created a table of packages identified as compromised, promising it's "continuously updated" (and showing the last compromise detected Tuesday). Nearly all of the compromised packages have a status of "removed from NPM". Attackers published malicious versions of @ctrl/tinycolor and other npm packages, injecting a large obfuscated script (bundle.js) that executes automatically during installation. This payload repackages and republishes maintainer projects, enabling the malware to spread laterally across related packages without direct developer involvement. As a result, the compromise quickly scaled beyond its initial entry point, impacting not only widely used open-source libraries but also CrowdStrike's npm packages.

The injected script performs credential harvesting and persistence operations. It runs TruffleHog to scan local filesystems and repositories for secrets, including npm tokens, GitHub credentials, and cloud access keys for AWS, GCP, and Azure. It also writes a hidden GitHub Actions workflow file (.github/workflows/shai-hulud-workflow.yml) that exfiltrates secrets during CI/CD runs, ensuring long-term access even after the initial infection. This dual focus on endpoint secret theft and backdoors makes Shai-Hulud one of the most dangerous campaigns ever compared to previous compromises.
"The malicious code also attempts to leak data on GitHub by making private repositories public," according to a Tuesday blog post from security systems provider Sysdig: The Sysdig Threat Research Team (TRT) has been monitoring this worm's progress since its discovery. Due to quick response times, the number of new packages being compromised has slowed considerably. No new packages have been seen in several hours at the time...
Their blog post concludes "Supply chain attacks are increasing in frequency. It is more important than ever to monitor third-party packages for malicious activity."

Some context from Tom's Hardware: To be clear: This campaign is distinct from the incident that we covered on Sept. 9, which saw multiple npm packages with billions of weekly downloads compromised in a bid to steal cryptocurrency. The ecosystem is the same — attackers have clearly realized the GitHub-owned npm package registry for the Node.js ecosystem is a valuable target — but whoever's behind the Shai-Hulud campaign is after more than just some Bitcoin.

An old school ransomware attack has a new twist: threatening to feed data to AI companies so it'll be added to LLM datasets. 404 Media reports: Artists&Clients is a website that connects independent artists with interested clients. Around August 30, a message appeared on Artists&Clients attributed to the ransomware group LunaLock. "We have breached the website Artists&Clients to steal and encrypt all its data," the message on the site said, according to screenshots taken before the site went down on Tuesday. "If you are a user of this website, you are urged to contact the owners and insist that they pay our ransom. If this ransom is not paid, we will release all data publicly on this Tor site, including source code and personal data of users. Additionally, we will submit all artwork to AI companies to be added to training datasets."

LunaLock promised to delete the stolen data and allow users to decrypt their files if the site's owner paid a $50,000 ransom. "Payment is accepted in either Bitcoin or Monero," the notice put on the site by the hackers said. The ransom note included a countdown timer that gave the site's owners several days to cough up the cash. "If you do not pay, all files will be leaked, including personal user data. This may cause you to be subject to fines and penalties under the GDPR and other laws."

Terraform Labs founder Do Kwon pleaded guilty in U.S. federal court to conspiracy to defraud and wire fraud over the $40 billion collapse of TerraUSD and Luna in 2022. Reuters reports: Kwon, 33, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, entered the plea at a court hearing in New York before U.S. District Judge Paul Engelmayer. He had pleaded not guilty in January to a nine-count indictment charging him with securities fraud, wire fraud, commodities fraud and money laundering conspiracy.

Accused of misleading investors in 2021 about TerraUSD - a so-called stablecoin designed to maintain a value of $1 - Kwon pleaded guilty to the two counts under an agreement with the Manhattan U.S. Attorney's office, which brought the charges. He faces up to 25 years in prison when Engelmayer sentences him on December 11, though prosecutor Kimberly Ravener said the government had agreed to advocate for a prison term of no more than 12 years provided he accepts responsibility for his crimes. "I made false and misleading statements about why it regained its peg by failing to disclose a trading firm's role in restoring that peg," Kwon said in court. "What I did was wrong."

In 2020 a YouTube video used video footage of Steve Wozniak in a scam to steal bitcoin. "Some people said they lost their life savings," Wozniak tells CBS News, explaining why he sued YouTube in 2020 — and where his case stands now: Wozniak's lawsuit against YouTube has been tied up in court now for five years, stalled by federal legislation known as Section 230. Attorney Brian Danitz said, "Section 230 is a very broad statute that limits, if not totally, the ability to bring any kind of case against these social media platforms."

"It says that anything gets posted, they have no liability at all," said Wozniak. "It's totally absolute."

Google responded to our inquiry about Wozniak's lawsuit with a statement from José Castañeda, of Google Policy Communications: "We take abuse of our platform seriously and take action quickly when we detect violations ... we have tools for users to report channels that are impersonating their likeness or business." [Steve's wife] Janet Wozniak, however, says YouTube did nothing, even though she reported the scam video multiple times: "You know, 'Please take this down. This is an obvious mistake. This is fraud. You're YouTube, you're helping dupe people out of their money,'" she said.

"They wouldn't," said Steve...
Today is Steve Wozniak's 75th birthday. (You can watch the interview here.) And the article includes this interesting detail about Woz's life today: Wozniak sold most of his Apple stock in the mid-1980s when he left the company. Today, though, he still gets a small paycheck from Apple for making speeches and representing the company. He says he's proud to see Apple become a trillion-dollar company. "Apple is still the best," he said. "And when Apple does things I don't like, and some of the closeness I wish it were more open, I'll speak out about it. Nobody buys my voice!"

I asked, "Apple listen to you when you speak out?"

"No," Wozniak smiled. "Oh, no. Oh, no."
Wozniak answered questions from Slashdot readers in 2000 and again in 2012.

And he dropped by Slashdot on his birthday to leave this comment for Slashdot's readers...

President Trump is set to sign an executive order opening up 401(k) retirements plans to alternative assets, like private equity, real estate, and cryptocurrency. The move has the potential to unlock trillions in new investment for asset managers outside of stocks, bonds, and cash, "though critics say it also could bring too much risk into retirement investments," reports Reuters. From the report: "The order directs the Securities and Exchange Commission to facilitate access to alternative assets for participant-directed defined-contribution retirement savings plans by revising applicable regulations and guidance," the White House official said on condition of anonymity. The order directs the Labor Secretary to consult with her counterparts at the Treasury Department, the SEC, and other federal "regulators to determine whether parallel regulatory changes should be made at those agencies," the official said. [...]

The new investment options carry lower disclosure requirements and are generally less easy to sell quickly for cash than the publicly traded stocks and bonds that most retirement funds rely on. Investing in them also tends to carry higher fees. In defined contribution plans, employees make contributions to their own retirement account, frequently with a matching contribution from their employer. The invested funds belong to the employee, but unlike a defined benefit pension plan, there is no guaranteed regular payout upon retirement.

Many private equity firms are hungry for the new source of cash that retail investors could offer after three years in which high interest rates shook their time-honored model of buying companies and selling them at a profit. Whatever results may come from Trump's order, it likely will not happen overnight, private equity executives say. Plaintiffs' lawyers are already preparing for lawsuits that could be filed by investors who do not understand the complexity of the new forms of investments.

The SEC has launched "Project Crypto" to overhaul outdated securities regulations for a blockchain-based future, aiming to support tokenized assets, crypto trading, and "super apps."

"To achieve President Trump's vision of making America the crypto capital of the world, the SEC must holistically consider the potential benefits and risks of moving our markets from an off-chain environment to an on-chain one," SEC chair Paul Atkins said at the "American Leadership in the Digital Finance Revolution" conference on Thursday. "I have directed the Commission staff to update antiquated agency rules and regulations to unleash the potential of on-chain software systems in our securities markets ... Federal securities laws have always assumed the involvement of intermediaries that require regulation, but this does not mean that we should interpose intermediaries for the sake of forcing intermediation where the markets can function without them." CNBC reports: Atkins, the SEC chair, highlighted "super apps" (such as one Coinbase introduced two weeks ago) as a priority of his chairmanship, noting the need to allow the apps to thrive with an "efficient licensing structure," rather than subject to multiple regulatory authorities.

So-called super apps like WeChat and Alipay -- which bundle several different services and functionalities into a single mobile app -- have long been viewed as the holy grail of financial technology by the industry. They're central to everyday life in China but haven't been successfully replicated in the West. Meta Platforms and X have made attempts to realize that vision, integrating payments, messaging and social content, among other functions.

Atkins also said the Trump administration will work to prevent "innovative" companies from being driven offshore by burdensome regulations, and said the SEC "will encourage our nation's builders rather than constrain them with red tape and one-size-fits-all rules."

PayPal has launched "Pay with Crypto" for U.S. merchants, enabling acceptance of over 100 cryptocurrencies with lower cross-border transaction fees and instant conversion to USD or its stablecoin PYUSD. "Businesses of all sizes face incredible pressure when growing globally, from increased costs for accepting international payments to complex integrations," said Alex Chriss, president and chief executive of PayPal. "Today, we're removing these barriers and helping every business of every size achieve their goals. [...] By enabling seamless cross-border crypto payments, we're breaking longstanding barriers in global commerce." SiliconANGLE reports: Using the new Pay with Crypto, merchants can now accept payments in the form of numerous cryptocurrency tokens, including bitcoin, Ethereum, USD Tether and Solana. The transaction fee rate will be 0.99% for the first year, increasing to 1.5% thereafter. The company said that rate is significantly lower than international credit card fees. "Imagine a shopper in Guatemala buying a special gift from a merchant in Oklahoma City," added Chriss. "Using PayPal's open platform, the business can accept crypto for payments, increase their profit margins, pay lower transaction fees, and get near instant access to proceeds."

Merchants who accept cryptocurrency tokens can instantly convert them to dollars or PYUSD, the company's stablecoin, which is a type of cryptocurrency that maintains parity with USD so that every token is always worth $1. Funds stored as PYUSD on PayPal also earn 4% annual rewards. The company said the new service will roll out for U.S. merchants in the coming weeks. [...] Pay with Crypto will initially support cryptocurrency wallets from Coinbase, OKX, Binance, Kraken, Phantom, MetaMask and Exodus, with more planned.

Twitter co-founder/Block CEO Jack Dorsey isn't just vibe coding new apps like Bitchat and Sun Day. He's also "invested $10 million in an effort to fund experimental open source projects and other tools that could ultimately transform the social media landscape," reports TechCrunch," funding the projects through an online collective formed in May called "andOtherStuff: [T]he team at "andOtherStuff" is determined not to build a company but is instead operating like a "community of hackers," explains Evan Henshaw-Plath [who handles UX/onboarding and was also Twitter's first employee]. Together, they're working to create technologies that could include new consumer social apps as well as various experiments, like developer tools or libraries, that would allow others to build apps for themselves.

For instance, the team is behind an app called Shakespeare, which is like the app-building platform Lovable, but specifically for building Nostr-based social apps with AI assistance. The group is also behind heynow, a voice note app built on Nostr; Cashu wallet; private messenger White Noise; and the Nostr-based social community +chorus, in addition to the apps Dorsey has already released. Developments in AI-based coding have made this type of experimentation possible, Henshaw-Plath points out, in the same way that technologies like Ruby on Rails, Django, and JSON helped to fuel an earlier version of the web, dubbed Web 2.0.

Related to these efforts, Henshaw-Plath sat down with Dorsey for the debut episode of his new podcast, revolution.social with @rabble... Dorsey believes Bluesky faces the same challenges as traditional social media because of its structure — it's funded by VCs, like other startups. Already, it has had to bow to government requests and faced moderation challenges, he points out. "I think [Bluesky CEO] Jay [Graber] is great. I think the team is great," Dorsey told Henshaw-Plath, "but the structure is what I disagree with ... I want to push the energy in a different direction, which is more like Bitcoin, which is completely open and not owned by anyone from a protocol layer...."

Dorsey's initial investment has gotten the new nonprofit up and running, and he worked on some of its initial iOS apps. Meanwhile, others are contributing their time to build Android versions, developer tools, and different social media experiments. More is still in the works, says Henshaw-Plath.

"There are things that we're not ready to talk about yet that'll be very exciting," he teases.

President Trump signed the GENIUS Act into law, marking the first major U.S. regulation of stablecoins by creating a legal framework for their issuance and consumer protections, while also championing crypto innovation as a major financial revolution. The bill passed the House on Thursday with the support of 206 Republicans and 102 Democrats. From a report: Members of Congress and top executives from Robinhood, Tether, Gemini and other crypto and financial firms were in attendance for the signing ceremony. The fate of the GENIUS Act was in question earlier this week when a dozen conservatives stymied a procedural vote. A compromise was ultimately reached, and the holdouts allowed the legislation to proceed. The president on Friday suggested that he spoke to the holdouts individually on the phone to persuade them, after House Speaker Mike Johnson told him there were a dozen Republicans opposing the bill.

"The good news is, I call up, 'Hello, Jim, how are you?' 'Sir, you have my vote.' Boom. 'Sir, you have my vote.' I really just, they just want a little love," he said. "Unfortunately, it's always the same 12 people." David Sacks, the venture capitalist-turned Mr. Trump's AI and crypto czar, said the president "stepped in and saved this bill." Mr. Trump also said Vice President JD Vance had been on the phone late at night, helping push the legislation through.

The House passed a bipartisan bill regulating stablecoins which now heads to President Trump's desk as part of his push to make the U.S. the "crypto capital of the world." Two other crypto-related bills -- one defining digital asset market structure and another banning a U.S. central bank digital currency -- were also approved by the House but face uncertain futures in the Senate amid partisan tensions and concerns over Trump's personal financial ties to crypto ventures. CNBC reports: The stablecoin bill, passed on a 308-122 vote, sets initial guardrails and consumer protections for the cryptocurrency, which is tied to a stable asset, often the U.S. dollar, to reduce price volatility. It passed the Senate with bipartisan support in June. "Around the world, payment systems are undergoing a revolution," said House Financial Services Chair French Hill of Arkansas as lawmakers debated the stablecoin legislation Thursday morning. Hill said the bill will "ensure American competitiveness and strong guardrails for our consumers."

After Trump declared it "crypto week," the bills were stalled for more than a day amid disagreements among House Republicans about how to combine the legislation. In the end, GOP leaders put the three bills for a separate votes, leaving the fate of the other two bills unclear in the Senate. The internal dissent could foreshadow challenges ahead for the more sweeping crypto legislation that Trump has demanded and the industry has poured millions into advancing. The stablecoin measure is seen by lawmakers and the industry as a step toward adding legitimacy and consumer trust to a rapidly growing sector. Treasury Secretary Scott Bessent said in June that the legislation could help that currency "grow into a $3.7 trillion market by the end of the decade."

The bill outlines requirements for stablecoin issuers, including compliance with U.S. anti-money laundering and sanctions laws, and mandates that issuers hold reserves backing the cryptocurrency. Without such a framework, Republicans on the Senate Banking Committee in a statement warned, "consumers face risks like unstable reserves or unclear operations from stablecoin issuers." After the votes, House Republicans strongly urged the Senate to take up the second bill, which would create a new market structure for cryptocurrency.

An anonymous reader quotes a report from Phoronix: Merged yesterday to the latest development code for the LibreOffice open-source office suite is now recognizing Bitcoin "BTC" as a supported currency for use within the Calc spreadsheet program and elsewhere within this cross-platform free software office suite. Stemming from a recent bug report requesting Bitcoin as an official currency option within LibreOffice Calc, the necessary additions are now in place so it's a built-in preset like USD and EUR. Thus easier managing of Bitcoin transactions and the like from within LibreOffice Calc.

Bitcoin "vaulted to a fresh all-time high Friday, breaking above $118,000," reports Yahoo Finance: Year to date, the token is up roughly 21%, buoyed in part by crypto-friendly policies from the Trump administration, including the establishment of a strategic bitcoin reserve and a broader digital asset stockpile... "At the heart of this rally lies sustained structural inflows from institutional players," wrote Dilin Wu, research strategist at Pepperstone. "Corporates are also ramping up participation," he added. The analyst noted companies like Strategy and GameStop have continued to add bitcoin to their balance sheets. Trump Media & Technology Group this week also filed for approval to launch a "Crypto Blue Chip ETF", which would include about 70% of its holdings in bitcoin.

The timing of bitcoin's breakout also comes days before Congress kicks off its highly anticipated "Crypto Week" on July 14. Lawmakers will debate a series of bills that could define the industry's regulatory framework... The GENIUS Act is among the regulations the House will consider. The bill, which recently passed through the Senate, proposes a federal framework for stablecoins.
"After jumping above $118,000 on Thursday, technical analyst Katie Stockton, founder and managing partner of research firm Fairlead Strategies, believes bitcoin is on track to reach $134,500, about 14% higher than current levels," writes Business Insider . It's not just bitcoin that's jumped this week. Other cryptos are surging as well. Ethereum has rallied over 16% in the past five days, and as DOGE rose 8% in the last day alone... Additionally, over $1 billion in short positions were liquidated in the last 24 hours as the price of bitcoin surged and traders were forced to close their positions, [said Thomas Perfumo, global economist at crypto Kraken].

Dubai-based airline Emirates is partnering with Crypto.com to integrate Bitcoin payments into the airliner's payment systems and add NFT collectibles on the company's websites for trading. The airline is also hiring staff to support its blockchain, crypto, and metaverse ambitions, positioning itself at the forefront of digital transformation in aviation.

"NFTs and metaverse are two different applications and approaches," explained Emirates Chief Operating Officer Adel Ahmed Al-Redha, adding that the airline will also seek to use the blockchain in tracing records of aircraft. "With the metaverse, you will be able to transform your whole processes -- whether it is in operation, training, sales on the website, or complete experience -- into a metaverse type application, but more importantly making it interactive."

The official integration of crypto payments is expected to take place next year, according to the announcement.

Ripple Labs is applying for a U.S. national bank charter and a Federal Reserve master account, "following a similar move by stablecoin issuer Circle Internet Group as crypto firms look to be regulated to deepen ties with traditional finance," reports CoinTelegraph. From the report: Ripple CEO Brad Garlinghouse confirmed on X on Wednesday that the company is applying for a license with the US Office of the Comptroller of the Currency (OCC), following an earlier report by The Wall Street Journal. "True to our long-standing compliance roots, Ripple is applying for a national bank charter from the OCC," he wrote. Garlinghouse said if the license is approved, it would be a "new (and unique!) benchmark for trust in the stablecoin market" as the firm would be under federal and state oversight -- with the New York Department of Financial Services already regulating its Ripple USD (RLUSD) stablecoin. [...]

Ripple's Garlinghouse added that the company also applied for a Master Account with the Federal Reserve, which would give it access to the US central banking system. "This access would allow us to hold $RLUSD reserves directly with the Fed and provide an additional layer of security to future proof trust in RLUSD," Garlinghouse said. "Congress is working towards clear rules and regulations, and banks (in a far cry from the years of Operation Chokepoint 2.0) are leaning in," he added, mentioning the conspiracy that the Biden administration sought to cut off crypto from the financial system. Ripple applied for the account through Standard Custody, a crypto custody firm it acquired in February 2024.

TorrentFreak spotlights VP.net, a brand-new service from Private Internet Access founder Andrew Lee (the guy who gifted Linux Journal to Slashdot) that eliminates the classic "just trust your VPN" problem by locking identity-mapping and traffic-handling inside Intel SGX enclaves. The company promises 'cryptographically verifiable privacy' by using special hardware 'safes' (Intel SGX), so even the provider can't track what its users are up to.

The design goal is that no one, not even the VPN company, can link "User X" to "Website Y."

Lee frames it as enabling agency over one's privacy:

"Our zero trust solution does not require you to trust us - and that's how it should be. Your privacy should be up to your choice - not up to some random VPN provider in some random foreign country."
The team behind VP.net includes CEO Matt Kim as well as arguably the first Bitcoin veterans Roger Ver and Mark Karpeles.

Ask Slashdot: Now that there's a VPN where you don't have to "just trust the provider" - arguably the first real zero-trust VPN - are trust based VPNs obsolete?

An anonymous reader quotes a report from the Associated Press: The head of the federal government agency that oversees Fannie Mae and Freddie Mac wants the mortgage giants to consider accepting a homebuyer's cryptocurrency holdings in their criteria for buying mortgages from banks. William Pulte, director of the Federal Housing Finance Agency, which oversees Fannie and Freddie, ordered the agencies Wednesday to prepare a proposal for consideration of crypto as an asset for reserves when they assess risks in single-family home loans.

Pulte also instructed the agencies that their mortgage risk assessments should not require cryptocurrency assets to be converted to U.S. dollars. And only crypto assets that "can be evidenced and stored on a U.S.-regulated centralized exchange subject to all applicable laws" are to be considered by the agencies in their proposal, Pulte wrote in a written order, effective immediately. Pulte was sworn in as the head of FHFA in March. Public records show that as of January 2025, Pulte's spouse owned between $500,000 and $1 million of bitcoin and a similar amount of Solana's SOL token. [...]

The policy change is meant to encourage banks to expand how they gauge borrowers' creditworthiness, in hopes that more aspiring homebuyers can qualify for a home loan. It also recognizes that cryptocurrencies have grown in popularity as an alternative to traditional investments, such as bonds and stocks. The agencies have to come up with their proposals "as soon as reasonably practical," according to the order. "This is a big win for advocates of cryptocurrencies who want crypto to be treated the same way as other assets are," said Daryl Fairweather, chief economist at Redfin.

Currently, stock investments are treated as qualifying assets that count toward reserves that banks want borrowers to have. But assets that are more volatile, like individual stocks or crypto, may be discounted by lenders, Fairweather noted. "As long as lenders are appropriately discounting crypto based on volatility, it's fine that crypto investments count toward reserves," she said.

Danielle Hale, chief economist at Realtor.com, added: "If Fannie and Freddie are going to accept cryptocurrency as collateral, that's a strong incentive for banks to shift their practices. Because people who might otherwise have to sell cryptocurrency to qualify -- and maybe that's a deal-breaker for them now -- under this new policy, they can qualify. It sort of expands the potential pool of eligible buyers."

The DOJ has filed a civil complaint to seize $225.3 million in cryptocurrency linked to pig butchering scams -- long-con frauds where victims are tricked into fake crypto investments. The funds were laundered through a blockchain network, and the DOJ says recovered money will go toward reimbursing victims. The Verge reports: The 75-page complaint (PDF) filed in the US District Court for the District of Columbia lays out more detail about the seizure. According to it, the US Secret Service (USSS) and Federal Bureau of Investigation (FBI) tied scammers to seven groups of Tether stablecoin tokens. The fraud fell under what's typically known as "pig butchering": a form of long-running confidence scam aimed at tricking victims -- sometimes with a fake romantic relationship -- into what they believe is a profitable crypto investment opportunity, then disappearing with the funds. Pig butchering rings often traffic the workers who directly communicate with victims to Southeast Asian countries, something the DOJ alleges this ring did.

The DOJ says Tether and crypto exchange OKX first alerted law enforcement in 2023 to a series of accounts they believed were helping launder fraudulently obtained currency through a vast and complex web of transactions. The alleged victims include Shan Hanes (referred to in this complaint as S.H.), the former Heartland Tri-State Bank president who was sentenced to 24 years in prison for embezzling tens of millions of dollars to invest in one of the best-known and most devastating pig butchering scams. The complaint lists a number of other victims who lost thousands or millions of dollars they thought they were investing (and did not commit crimes of their own). An FBI report (PDF) cited by the press release concluded overall crypto investment fraud caused $5.8 billion worth of reported losses in 2024.

The U.S. Senate has approved the GENIUS Act with a 68-30 final vote that "saw a huge surge of Democrats joining their Republican counterparts," reports CoinDesk. What the bill sets out to do is create the first federal regulatory framework for U.S. stablecoins, requiring issuers to maintain full 1:1 reserves in cash or Treasuries, adhere to regular audits and anti-money laundering rules, and gain regulatory approval -- all while allowing foreign stablecoin access under strict oversight rules. From the report: As written, the bill would set up guardrails around the approval and supervision of U.S. issuers of stablecoins, the dollar-based tokens such as the ones backed by Circle, Ripple and Tether. Firms making these digital assets available to U.S. users would have to meet stringent reserve demands, transparency requirements, money-laundering compliance and regulatory supervision that's also likely to include new capital rules. "This is a win for the U.S., a win for innovation and a monumental step towards appropriate regulation for digital assets in the United States," said Amanda Tuminelli, executive director and chief legal officer of the DeFi Education Fund, in a similar statement. [...]

While this is the first significant crypto bill to clear the Senate, it's also the first time a stablecoin bill has passed either chamber, despite years of negotiation in the House Financial Services Committee that managed to produce other major crypto legislation in the previous congressional session. The destiny of the GENIUS Act is also tied closely to the House's own Digital Asset Market Clarity Act, the more sweeping crypto bill that would establish the legal footing of the wider U.S. crypto markets. The stablecoin effort is slightly ahead of the bigger task of the market structure bill, but the industry and their lawmaker allies argue that they're inextricably connected and need to become law together. So far, the Clarity Act has been cleared by the relevant House committees and awaits floor action.

GameStop is leaning heavily to trading cards as part of its future strategy, according to CEO Ryan Cohen. The news comes as a part of larger strategy shift to buy and hold a lot of bitcoin. From a report: Cohen has said that continuing to focus on trading cards, including the incredibly popular recent Pokemon card sets, is a "natural extension" of GameStop's business. He added that the collectibles could have potential for high profit margins.

Pokemon cards have a seen a gigantic resurgence recently. Stores regularly sell of sets, including the Destined Rivals set that launched on May 30. Cards have become increasingly hard to find as scalpers buy up supply and sell Pokemon card products -- including cards, special boxes, and accessories -- at exorbitant prices.