1. Trump Proposes Tax Overhaul and Tariffs Impacting Crypto Markets
Former President Donald Trump has unveiled a major economic proposal featuring an extensive tax overhaul and new tariffs on imports. While primarily aimed at reshaping trade policy and reviving American industry, the proposed changes could have secondary effects on the crypto market. Analysts suggest increased tariffs may weaken the U.S. dollar internationally, potentially driving interest in alternative assets like Bitcoin.
2. Arizona Pushes for Bitcoin Reserves and Crypto Integration
Arizona lawmakers are championing legislation that would allow the state to hold Bitcoin as part of its treasury reserves. The initiative also includes provisions for integrating blockchain and crypto payment systems into government operations. If passed, Arizona would become one of the first U.S. states to officially adopt Bitcoin for public finance, signaling growing institutional confidence in digital assets.
3. North Carolina House Approves State Crypto Investment Bill
In a parallel development, North Carolina’s House of Representatives has passed a bill enabling the state to explore direct investment in cryptocurrency. The legislation aims to position North Carolina as a forward-thinking state in financial innovation, with potential plans for holding Bitcoin or other digital assets as part of the state’s long-term investment strategy.
4. Abu Dhabi Launches Dirham-Backed Stablecoin
Abu Dhabi has introduced a new dirham-backed stablecoin, signaling the UAE’s commitment to integrating blockchain with traditional finance. The stablecoin is designed to facilitate secure, efficient digital transactions while maintaining the value stability of the local currency. Experts see this as a strategic move to attract international fintech partnerships and support the region’s ambitions as a global crypto hub.
