US Treasury Secretary Scott Bessent sees banks and crypto potentially offering similar products in the future. He also pledged to address concerns about deposit flight. These concerns are currently holding up a major cryptocurrency bill.
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The UK Treasury is drafting new rules to regulate cryptocurrency markets. This aims to address risks and increase oversight in the crypto sector. The move follows global trends toward stricter financial governance. It seeks to protect investors and ensure market stability.
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Strategy lost $12.4 billion last quarter. Its shares fell 17% as Bitcoin's price dropped. Executives Phong Le and Andrew Kang say the company remains on strong financial footing. This is despite their Bitcoin holdings being down 17.5%.
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