FIFA Contemplates Creating Its Own Memecoin
At the cryptocurrency summit held at the White House, FIFA President Gianni Infantino announced that the organization is exploring blockchain technology and considering the creation of its own token. This initiative aims to enhance engagement with the global fanbase.
U.S. President Donald Trump positively evaluated this idea, stating that “this coin could become more valuable than FIFA itself.”
As expected, fraudulent projects have already emerged, attempting to exploit the hype. Users should exercise caution and refrain from trading assets without official confirmation from FIFA to avoid potential financial losses.
MicroStrategy Raises $21 Billion for Bitcoin Purchases
MicroStrategy has announced plans to raise up to $21 billion through the issuance of preferred stock. All funds raised will be directed toward purchasing Bitcoin, reinforcing the company’s long-term strategy of accumulating the largest cryptocurrency.
This move by MicroStrategy highlights growing institutional confidence in BTC as a reliable store of value.
Utah Passes Cryptocurrency Law
The Utah State Senate (USA) has passed the “Blockchain and Digital Innovation Amendments” bill, laying the foundation for integrating cryptocurrencies into the state’s legal framework.
The initial version of the bill proposed the creation of a Strategic Bitcoin Reserve (SBR), allowing up to 5% of state funds to be invested in cryptocurrencies with a market capitalization exceeding $500 billion over the past year. However, this provision was removed during the final vote.
Despite this, the new legislation grants Utah residents several key rights:
– The ability to engage in Bitcoin mining;
– The operation of blockchain nodes;
– Participation in staking;
– Independent storage of digital assets without government interference.
The bill was passed with 19 senators voting in favor, 7 against, and 3 abstaining. It now awaits the signature of Governor Spencer Cox.
OCC Permits U.S. Banks to Custody Cryptocurrencies
The U.S. Office of the Comptroller of the Currency (OCC) has officially authorized banks to provide cryptocurrency custody services, conduct transactions with stablecoins, and act as validators for blockchain networks.
This decision marks a significant step in integrating digital assets into the traditional financial system. Banks will now be able to offer cryptocurrency storage services to clients, enhancing security and convenience.
The cryptocurrency world continues to evolve rapidly, and recent events confirm this trend. FIFA is exploring the possibility of issuing its own token, MicroStrategy is investing record amounts in Bitcoin, and the U.S. is further legitimizing the use of digital assets. The new law in Utah, even without the Strategic Bitcoin Reserve provision, makes the state more welcoming to crypto investors.
These developments underscore the growing interest in digital assets from both private companies and government institutions. In the coming months, the crypto community will closely monitor further regulatory developments in other states and countries.
