Top Crypto headlines: Telegram founder gets freedom, GENIUS Act, Pakistan Cryptocurrency Council (PCC)

Summary

• Telegram founder Pavel Durov is now free to visit any country.
• Cynthia Lummis praised the upcoming approval of the GENIUS Act.
• Russian President Vladimir Putin asked the central bank to soften its stance around Cryptocurrencies.
• The Pakistan government established the Pakistan Cryptocurrency Council (PCC).
• Kaito AI founder’s X account was hacked, but the founder immediately deleted the fake tweet & changed the password.
• Reports claimed the Donald Trump family’s project was in talks with BinanceUS.

Telegram Founder Durov in France

A French court ruled that Telegram founder Pavel Durov can now leave France & travel to other countries like Dubai, etc. Durvo faced multiple charges & allegations in 2024 over failing to prohibit the bad actors on his messaging platform Telegram. Some people claimed some politicians misused their power against the Telegram founder, but later, the French government clarified that Durov was facing several counts of failing to curb extremist and terrorist content. Later he was released on a $5.6m bail.

Cynthia Lummis on Bitcoin Adoption FOMO

The US Senator Lummis from Wyoming said that the US buying Bitcoin will create peer pressure among countries like China and Russia, and that will result in a race over BTC instead of weapons.

Genius Act To Regulate Stablecoins

Cynthia Lummis informed the Crypto community that the Banking Committee’s bipartisan approval of the GENIUS Act moves the U.S. closer to allowing stablecoin businesses to choose between state and national charters, helping maintain the country’s edge in the crypto industry.

Russian President Calls Central Banks To Change Stance

Russian President Vladimir Putin instructed the country’s central bank, the Bank of Russia, to change its crypto-hater stance. In simple words, the Russian President asked the central bank to soften its stance on this innovative space & explore the path to regulate the crypto businesses & related activities in collaboration with other regulatory bodies.

Pakistan Established the Pakistan Cryptocurrency Council (PCC)

Pakistan officially established the Pakistan Cryptocurrency Council (PCC). The main role of PCC will be to manage Crypto blockchain and digital assets in its financial system. The country’s finance minister, Muhammad Aurangzeb, will lead the council.

In terms of population percentage, Pakistan is among the top countries for crypto adoption. As per available records, nearly 20 million people invest in crypto assets, responsible for the trading volume of $20 billion.

Kaito AI Founder’s X Account Hacked

Kaito AI founder Yu Hu informed his followers that his X and Kaito’s X accounts were hacked, and the hacker posted fake tweets.

Kaito AI founder noted that his account was logged in his device, so when he came to know about the fake tweet then, he immediately deleted the fake tweet & changed the account password. He assured that strong security measures, including hardware-based 2FA, are in place. According to Hu, the attack was similar to a recent hack incident faced by another project, Jupiter.

Potential Attack on Trump & Crypto

Recently, some reports by the Wall Street Journal (WSJ) and Bloomberg media claimed that the Donald Trump family’s project, World Liberty, held a discussion with Binance & its former CEO Changpeng Zhao (CZ). All these reports speculated that they’re planning for US dollar-pegged stablecoin development, pardon for CZ, & acquiring some stakes in the Binance exchange.

All these reports & speculations were dismissed by CZ & World Liberty independently and said it was a potentially politically motivated attack on the country’s president, Trump, & Crypto space.

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