New York’s attorney general and top prosecutors argue the GENIUS Act legitimizes stablecoins without forcing issuers to return stolen funds, raising concerns over consumer protection and law enforcement powers.
Strategy disclosed a $75.3 million Bitcoin purchase funded through equity sales, lifting total holdings to 713,502 BTC, according to a Form 8-K filing with the SEC.
BitMine Immersion Technologies is facing scrutiny after market estimates showed roughly $6.6 billion in unrealized losses tied to its Ethereum holdings, highlighting the risks of crypto treasury strategies at public companies.