EXCLUSIVE: California has created a shadow welfare system for illegal aliens. Free housing, cash, healthcare, food, phones, college tuition, even car insurance—costing taxpayers more than $10 billion per year.
We went inside the system and exposed it all.
grayscale’s zcsh, an exchange-traded fund holding zcash’s zec coin, increased its holdings 28.4% to 596,269 zec between september 8 and 18. new share issuance expanded the fund’s crypto exposure. shares can be funded by transferring existing coins into the fund rather than buying more, so the larger balance establishes fund growth without measuring how much fresh market buying occurred.
With CLARITY stalled, I expect the SEC, CFTC, and Treasury to advance rules under existing law, banks to expand Bitcoin custody and loans against it, and more capital to favor Bitcoin and digital credit. GENIUS supports stablecoin adoption. Progress need not wait for Congress.