Crypto hits a pivotal moment: U.S. House passes GENIUS Act for stablecoin regulation; 50%+ of institutions plan 5%+ crypto allocations in 2025. Cantor Fitzgerald backs Adam Back’s Bitcoin venture, Tether expands USDT support, and Zerohash nears $1B valuation.

Russia backs a ruble stablecoin, Emirates adopts crypto, Spain’s BBVA expands retail crypto, and a U.S. BNB treasury venture launches, reshaping digital finance. Vitalik Buterin defends open-source ideals, while Beyond the Brief explores money’s privatization history.

This week in crypto: Robinhood brings tokenized U.S. assets to EU, Sparkassen to trade BTC & ETH by 2026, Paxos launches USDG in EU. Circle, Wise, Erebor pursue U.S. bank charters, while BlackRock’s Bitcoin ETF outpaces S&P 500, attracting UniCredit interest.