The World Crypto Report

The Trump family has big ambitions for a $1.5 billion public crypto treasury company (1:10), White House Crypto Advisor Bo Hines steps down (2:27), and El Salvador bids to lure big-ticket Bitcoin investors with its new investment banking law (3:37). Plus, India steps up enforcement against crypto-related tax evasion, targeting tens of thousands of noncompliant traders (5:07).

This is your essential update on the forces shaping what's next in money.

More on stories and articles discussed or referenced in this episode:

Baird, Kyle. "El Salvador Courts Crypto's Deepest Pockets with New Banking Law." DLNews, 10 August, 2025, https://finance.yahoo.com/news/el-salvador-courts-crypto-deepest-123411799.html.

Helms, Kevin. "India Detects Crypto Tax Evasion—Over 44K Notices Sent to Investors." Bitcoin.com News, 9 August 2025, https://news.bitcoin.com/india-detects-crypto-tax-evasion-over-44k-notices-sent-to-investors/.

Singh, Kanishka. "White House Crypto Adviser Bo Hines Announces Departure." Reuters, 9 August 2025, https://www.reuters.com/world/us/white-house-crypto-adviser-bo-hines-announces-departure-2025-08-09/.

Weiss, Ben and Leo Schwartz. "Trump Crypto Firm Plans Launch of Public Company that Will Hold Family Token." Fortune, 8 August 2025, https://fortune.com/crypto/2025/08/08/donald-trump-world-liberty-financial-digital-asset-treasury-public-company/.

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.

A sweeping change in U.S. retirement policy (1:07), Ripple's $200M Canadian expansion (2:27), and a novel effort to reclaim crypto's "lost wallets" (3:59) Plus, the UAE takes a big step toward unified digital asset regulation (5:30).

This is your essential update on the forces shaping what's next in money.

More on stories and articles discussed or referenced in this episode:

Light, Joe. "Trump to Sign an Order Allowing Private Equity and Crypto Into 401(k)s." Barron's, 7 August 2025, https://www.barrons.com/articles/crypto-private-equity-401k-executive-order-280abccd.

Riehl, Alex. "Crypto Giant Ripple to Acquire Stablecoin Payments Platform Rail for $275 Million CAD." BetaKit, 7 August 2025,https://betakit.com/crypto-giant-ripple-to-acquire-stablecoin-payments-platform-rail-for-275-million-cad/.

Varghese, Justin. "Major Move: SCA, VARA Agree on Unified Framework to Regulate Virtual Assets in UAE." Gulf News, 6 August 2025, https://gulfnews.com/your-money/cryptocurrency/major-move-sca-vara-agree-on-unified-framework-to-regulate-virtual-assets-in-uae-1.500225024.

"Salomon Brothers: Addressing Crypto's Wallet Problem." ACCESS Newswire, 7 August 2025, https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/salomon-brothers-addressing-cryptos-wallet-problem-1057568.

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti

Tornado Cash co-founder Roman Storm has been convicted of operating an unlicensed money transmitting business, but avoided a sanctions charge and a money laundering verdict, for now (1:13). Plus: SBI Holdings eyes a crypto-gold trust and a Bitcoin-XRP ETF in Japan (2:46), China warns against iris scans for crypto rewards (hinting at World) (4:20), and the Philippines blocks global exchanges amid a crypto crackdown (5:52).

This is your essential update on the forces shaping what's next in money.

More on stories and articles discussed or referenced in this episode:

Aquino, Alyssa. "Judge Declares Partial Mistrial in Crypto Mixer Money Laundering Case." New York Law Journal, 6 August 2025, https://www.law.com/newyorklawjournal/2025/08/06/judge-declares-partial-mistrial-in-crypto-mixer-money-laundering-case/?slreturn=20250806150225.

Borak, Masha. "China Warns Against Submitting Biometric Data in Return for Crypto, Hinting at World." Biometric Update, 6 August 2025, https://www.biometricupdate.com/202508/china-warns-against-submitting-biometric-data-in-return-for-crypto-hinting-at-world.

Dioquino, Vince. "Philippine SEC Cuts Access to Offshore Crypto Exchanges." Decrypt, 6 August 2025, https://decrypt.co/333757/philippine-sec-cuts-access-to-offshore-crypto-exchanges.

Khalili, Joel. "Tornado Cash Developer Roman Storm Guilty on One Count in Federal Crypto Case." Wired, 6 August 2025, https://www.wired.com/story/tornado-cash-developer-roman-storm-guilty-on-one-count-in-federal-crypto-case/.

Masrani, Annika. "SBI Drops a Crypto Bombshell with Japan's First Bitcoin-XRP ETF Plan." TipRanks, 6 August 2025, https://www.tipranks.com/news/sbi-drops-a-crypto-bombshell-with-japans-first-bitcoin-xrp-etf-plan.

"Unregistered Crypto Platforms Continue to Target Filipinos — SEC to Enforce Sanctions Against Violators." Enforcement and Investor Protection Division, Securities and Exchange Commission (Philippines), 6 August 2025, https://www.sec.gov.ph/advisories-2025/unregistered-crypto-platforms-continue-to-target-filipinos-sec-to-enforce-sanctions-against-violatorsthe-securities-and-exchange-commission-sec-warns-the-public-against-engaging-with/#gsc.tab=0

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.

The White House keeps its cards close on the size of a potential U.S. Bitcoin reserve (0:55). The SEC issues fresh guidance on liquid staking, easing compliance worries for platforms and ETF issuers (2:24). Corporate America's appetite for ether is surging, with treasuries adding billions in holdings (3:54). And a new Ethereum‑based scam is making the rounds, stealing nearly $1 million through deceptive smart contracts (5:26).

This is your essential update on the forces shaping what's next in money.

More on stories and articles discussed or referenced in this episode:

Burt, Jeffrey. "Scams Using Malicious Smart Contracts, YouTube Videos to Steal Crypto." Security Boulevard, 5 August 2025, https://securityboulevard.com/2025/08/scams-using-malicious-smart-contracts-youtube-videos-to-steal-crypto/.

Nishant, Niket and Manya Saini. "Small Public Companies Snap Up Ether in New Crypto Gold Rush, Even as Risks Linger." Reuters, 5 August 2025, https://www.reuters.com/business/small-public-companies-snap-up-ether-new-crypto-gold-rush-even-risks-linger-2025-08-05/.

Okoya, David. "The US's Bitcoin Holdings Remain a Mystery as Trump Crypto Adviser Evades Questions on Strategic Reserve: 'We're Not Disclosing at This Time'." Benzinga, 5 August 2025, https://finance.yahoo.com/news/uss-bitcoin-holdings-remain-mystery-160106468.html.

"Securities and Exchange Commission Division of Corporation Finance Issues Staff Statement on Certain Liquid Staking Activities." U.S. Securities and Exchange Commission, 5 August 2025, https://www.sec.gov/newsroom/press-releases/2025-104-securities-exchange-commission-division-corporation-finance-issues-staff-statement-certain-liquid.

Wynn, Sarah. "SEC Declares Liquid Staking Is Outside of Securities Laws in Latest Guidance Following 'Project Crypto' Initiative." The Block, 5 August 2025, https://www.theblock.co/post/365708/sec-declares-liquid-staking-is-outside-of-securities-laws-in-latest-guidance-following-project-crypto-initiative.

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.

The U.S. Treasury warns of rising scams at cryptocurrency ATMs (1:17), the CFTC pushes to expand oversight of spot crypto trading (2:51), and George Osborne calls for the UK to accelerate its regulatory rollout (4:29). Plus, we look at IPO plans from Bullish and Figure Technology Solutions, two companies betting big on the future of blockchain finance (6:07).

This is your essential update on the forces shaping what's next in money.

More on stories and articles discussed or referenced in this episode:

"FIN-2025-NTC1: FinCEN Notice on the Use of Convertible Virtual Currency Kiosks for Scam Payments and Other Illicit Activity." Financial Crimes Enforcement Network, U.S. Treasury, 4 August 2025, https://www.fincen.gov/sites/default/files/shared/FinCEN-Notice-CVCKIOSK.pdf.

Hitchcock, Logan. "Crypto Company Bullish to Raise Up to $629M in IPO." Decrypt, 4 August 2025, https://finance.yahoo.com/news/crypto-company-bullish-raise-629m-185748750.html.

Jack, Debra. "Figure Technology Solutions, Inc. Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering." Figure Newsroom, 4 August 2025, https://www.figure.com/newsroom/announcement/figure-announces-confidential-submission-of-draft-registration-statement-for-proposed-ipo/.

Osborne, George. "Britain Missed the First Crypto Wave. We Can't Miss the Second." Financial Times, 4 August 2025, https://www.ft.com/content/3eded430-a854-44d6-9739-e8a350eae25f.

Parker, George and Martin Arnold. "UK Is Being 'Left Behind' on Crypto, Warns George Osborne." Financial Times, 4 August 2025, https://www.ft.com/content/2b554e86-a4a6-4361-8db6-04876528b02b.

Reddick, James. "Crypto ATMs Fueling Criminal Activity, Treasury Warns." The Record from Recorded Future News, 4 August 2025, https://therecord.media/crypto-atms-fueling-cybercrime.

"Release Number 9105-25: Acting Chairman Pham Launches Listed Spot Crypto Trading Initiative." U.S. Commodity Futures Trading Commission, 4 August 2025, https://www.cftc.gov/PressRoom/PressReleases/9105-25.

Sandor, Krisztian. "Blockhain-Based Loans Firm Figure Files Confidential Submission for IPO." CoinDesk, 4 August 2025, https://finance.yahoo.com/news/blockhain-based-loans-firm-figure-185015965.html.

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.

The U.S. CFTC launches a "crypto sprint" to fast-track digital asset regulation (1:24). Hong Kong unveils a new stablecoin licensing regime, setting the stage for tightly controlled growth (2:52). Across Asia, businesses are embracing stablecoins for cross-border payments, and luxury brands are joining the trend (4:24). Plus, the UK's FCA reopens crypto ETNs to retail investors, signaling a change in oversight philosophy (6:09).

This is your essential update on the forces shaping what's next in money.

More on stories and articles discussed or referenced in this episode:

Adebayo, Owotunse. "CFTC Launches Crypto Sprint to Improve Crypto Regulations." Cryptopolitan, 2 August 2025, https://www.cryptopolitan.com/cftc-crypto-sprint-crypto-regulations/.

"Acting Chairman Pham Announces CFTC Crypto Sprint." U.S. Commodities Futures Trading Commission, 1 August 2025, https://www.cftc.gov/PressRoom/PressReleases/9104-25.

Chuang, Aileen and Danielle Popov. "HKMA's Strict Stablecoin Regime to Shape Hong Kong's Crypto Future as It Kicks Off Today." South China Morning Post, 1 August 2025, https://www.scmp.com/business/cryptocurrency/article/3320303/hkmas-strict-stablecoin-regime-shape-hong-kongs-crypto-future.

Bao, Anniek. "The Global Crypto Wave Is Catching on in Asia as Businesses Warm Up to Stablecoins." CNBC, 1 August 2025, https://www.cnbc.com/2025/08/01/crypto-wave-asia-stablecoins.html.

Partz, Helen. "UK regulator lifts ban on crypto ETNs for retail investors." CoinTelegraph, 1 August 2025, https://cointelegraph.com/news/uk-regulator-lifts-ban-on-crypto-etns-by-retail-investors.

"FCA Opens Retail Access to Crypto ETNs." U.K. Financial Conduct Authority, 1 August 2025, https://www.fca.org.uk/news/press-releases/fca-opens-retail-access-crypto-etns.

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti

The S.E.C. unveils "Project Crypto," an ambitious new plan to overhaul U.S. crypto regulation and bring innovation back onshore (1:10). Plus: a new Deloitte survey shows that nearly 40% of large corporations are eyeing crypto for treasury operations (2:56). We also explore how younger Americans are using digital assets to buy homes (4:39), and why Bolivia's partnership with El Salvador could be a game-changer for Latin America's crypto future (6:03).

This is your essential update on the forces shaping what's next in money.

More on stories and articles discussed or referenced in this episode:

Atkins, Paul S. "American Leadership in the Digital Finance Revolution." U.S. Securities and Exchange Commission, 31 July 2025, https://www.sec.gov/newsroom/speeches-statements/atkins-digital-finance-revolution-073125.

Carbonaro, Giulia. "Gen Z and Millennials Are Using Cryptocurrency to Buy Homes." Newsweek, 31 July, 2025, https://www.newsweek.com/gen-z-millennials-using-cryptocurrency-buy-homes-2099183.

"El BCB y la Comisión Nacional de Activos Digitales de El Salvador Acuerdan Cooperación Mutua para el Desarrollo de los Criptoactivos en Bolivia." Banco de Central de Bolivia, 30 July 2025, https://www.bcb.gob.bo/webdocs/files_noticias/CP-30%20BCB%20-%20Acuerdo%20BCB%20CNAD%20OK.pdf.

Gallucci, Steve and John Goff. "Crypto Is Gaining Currency with North American CFOs." Deloitte Insights, 31 July 2025, https://www.deloitte.com/us/en/insights/topics/business-strategy-growth/2q-2025-cfo-signals-survey.html.

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.

The White House releases its most comprehensive digital asset strategy to date, signaling greater regulatory clarity (1:05). JPMorgan teams up with Coinbase to bring crypto access to millions of Chase customers (2:36). India's CoinDCX is rocked by a $44 million hack linked to an insider (3:49). And new malware is making the rounds through fake crypto apps, posing a serious threat to users worldwide (5:19).

This is your essential update on the forces shaping what's next in money.

More on stories and articles discussed or referenced in this episode:

Bruggeman, Lucien and Jay O'Brien. "White House Unveils Crypto Policy 'Roadmap' Meant to Usher in 'Golden Age.'" ABC News, 30 July 2025, https://abcnews.go.com/US/white-house-unveils-crypto-policy-roadmap-meant-usher/story?id=124215664.

"Hackers Wipe Out Rs 384 Crore from Bengaluru Cryptocurrency Firm Neblio Technologies; Company Says Inside Job." Indian Express, 30 July 2025, https://indianexpress.com/article/cities/bangalore/hackers-wipe-rs-384-crore-bengaluru-cryptocurrency-neblio-technologies-10159263/.

Lakshmanan, Ravie. "Hackers Use Facebook Ads to Spread JSCEAL Malware via Fake Cryptocurrency Trading Apps." The Hacker News, 30 July 2025, https://thehackernews.com/2025/07/hackers-use-facebook-ads-to-spread.html.

Saini, Manya. "JPMorgan to Enable Crypto Purchases via Credit Cards in Coinbase Tie-Up." Reuters, 30 July 2025, https://www.reuters.com/business/finance/jpmorgan-enable-crypto-purchases-via-credit-cards-coinbase-tie-up-2025-07-30/.

"Strengthening American Leadership in Digital Financial Technology." The White House, 30 July 2025, https://www.whitehouse.gov/crypto/.

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti

The SEC approves in-kind transactions for crypto ETPs (1:04), Algeria makes a massive move against digital currencies (2:21), Iran tries to keep the lights on by going after illegal crypto mining (4:03), and RAKBANK introduces retail crypto trading in the UAE (5:40).

This is your essential update on the forces shaping what's next in money.

More on stories and articles discussed or referenced in this episode:

"Crypto Mining Accounts for Up to 20% of Iran's Power Shortage." Iran International, 29 July 2025, https://www.iranintl.com/en/202507292053.

"Nouvelle Loi en Algérie: Les Crypto-Monnaies Désormais Criminalisées, les Sanctions Renforcées." Fi Bladi (Algeria), 29 July 2025, https://fibladi.com/news/fr/nouvelle-loi-en-algerie-les-crypto-monnaies-desormais-criminalisees-les-sanctions-renforcees/.

"RAKBANK Becomes the First UAE Conventional Bank to Facilitate Crypto Brokerage Service." RAKBANK, 29 July 2025, https://www.zawya.com/en/press-release/companies-news/rakbank-becomes-the-first-uae-conventional-bank-to-facilitate-crypto-brokerage-service-frx7551b.

"SEC Permits In-Kind Creations and Redemptions for Crypto ETPs." U.S. Securities and Exchange Commission, 29 July 2025, https://www.sec.gov/newsroom/press-releases/2025-101-sec-permits-kind-creations-redemptions-crypto-etps.

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti

PayPal makes a crypto-powered move to streamline international payments (1:06), the FBI arrests a Florida man at the center of a troubling crypto-laced crime plot (2:46), and a stealth malware campaign hides in a Steam game (4:12). Plus, we explore how museums are eyeing stablecoins to cut down on credit card fees and boost digital donations (5:37).

This is your essential update on the forces shaping what's next in money.

More on stories and articles discussed or referenced in this episode:

Cunningham, Mary. "PayPal Says It Will Allow Businesses to Accept Payments in Over 100 Cryptocurrencies." CBS News, 28 July 2025, https://www.cbsnews.com/amp/news/paypal-cryptocurrency-crypto-payment-businesses-bitcoin-ethereum/.

Gothner, Chris. "South Florida crypto money launderer sought grisly kidnappings involving amputations: FBI." WPLG Local 10 (Fort Lauderdale), 28 July 2025, https://www.local10.com/news/local/2025/07/28/south-florida-crypto-money-launderer-sought-grisly-kidnappings-involving-amputations-fbi/.

Merritt, Elizabeth. "The New Stablecoin Legislation and Why Museums Should Care." American Alliance of Museums, Center for the Future of Museums Blog, 28 July 2025, https://www.aam-us.org/2025/07/28/the-new-stablecoin-legislation-and-why-museums-should-care/.

Mott, Nathaniel. "Hacker Plants Three Strains of Malware in a Steam Early Access Game Called Chemia — Security Company Found Crypto-Jacking Infostealers and a Backdoor to Install Yet More Malware in the Future." Tom's Hardware, 25 July 2025, https://www.tomshardware.com/tech-industry/cyber-security/hacker-plants-three-strains-of-malware-in-a-steam-early-access-game-called-chemia-security-company-found-crypto-jacking-infostealers-and-a-backdoor-to-install-yet-more-malware-in-the-future.

"PayPal Drives Crypto Payments into the Mainstream, Reducing Costs and Expanding Global Commerce." PayPal Newsroom, 28 July 2025, https://newsroom.paypal-corp.com/2025-07-28-PayPal-Drives-Crypto-Payments-into-the-Mainstream,-Reducing-Costs-and-Expanding-Global-Commerce.

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti