Weekly Recap
1) Iran demands ships transiting through the Strait of Hormuz to pay fees in crypto or Chinese yuan.
2) US Department of Labor proposes rule to open $10 trillion 401k retirement plans to crypto and alternative investments.
3) $12 trillion Charles Schwab to launch Bitcoin and Ethereum trading for users "soon."
4) Michael Saylor says the four-year Bitcoin cycle is "dead."
5) President Trump to unveil $1.5 trillion defense budget, the largest yearly US military spending increase since World War II.
6) Elon Musk says Tesla is making a "big" investment in Japan.
7) Fed Chair Jerome Powell warns US national debt is growing "substantially" faster than the economy and says it's not sustainable.
8) Coinbase gains conditional approval for a US national trust company charter.
9) Elon Musk's SpaceX confidentially files for IPO.
10) President Trump says he built the "strongest economy in history" with no inflation and the "highest stock market ever."
BREAKING: 🇺🇸 The US Treasury has officially begun rolling out rules for the GENIUS Act, the first federal stablecoin law in American history.
Today, April 1, 2026, the US Department of the Treasury issued a notice of proposed rulemaking seeking public comment on its implementation of the GENIUS Act.
Stablecoin issuers will be required to maintain reserve assets backing outstanding stablecoins on a one to one basis, comprising only high quality liquid assets including US currency, Federal Reserve balances, short dated Treasury bills, and qualifying money market funds.
The public has 60 days to submit comments after publication in the Federal Register. Final regulations must be issued by July 18, 2026, after which the GENIUS Act takes full effect within 120 days.
The era of unregulated stablecoins in the United States is officially ending.
Weekly Recap
1) SEC approves Nasdaq rule to allow tokenized stocks & securities trading.
2) Senators reach deal with White House to resolve crypto stablecoin yield dispute with banks.
3) SEC and CFTC issue joint guidance confirming "most crypto assets" are not securities.
4) PayPal officially enables stablecoin access in 70 countries.
5) SEC Chair Paul Atkins says "crypto markets and the millions of Americans who participate in them deserve long-overdue clarity."
6) CFTC Chair Mike Selig says crypto will power the "new frontier of finance" as markets "move on chain."
7) SEC Chair Paul Atkins says he's eliminating impractical rules to "advance, clarify, and transform" financial markets.
8) US national debt reaches new all-time high of $39 trillion.
9) Elon Musk's xAI recruiting Wall Street bankers, portfolio managers, and traders to train Grok on financial modeling.
10) Fed Chair Jerome Powell warns rising energy prices from US-Israeli war with Iran will drive inflation higher.
🚨 BREAKING! In a Submission On March 20th, Fidelity URGES the SEC to "Fast-Track" Crypto Integration! 🏛 — Pushing to bring Crypto Assets into "already regulated U.S. Trading Platforms and Infrastructure." 🔥
BREAKING: The SEC has formally classified SOL as a digital commodity in its new crypto asset taxonomy, alongside BTC, ETH, and 14 other assets.
SOL is not a security.