Digital Assets Daily
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Digital Assets Daily
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Daily News and Opinion on Digital Assets, Including Videos. Not Financial Advice. For Entertainment Only. Join for Exclusive Insights.

🚨BPI has just learned of an amendment buried in Kentucky HB 380 that would require hardware wallet providers to reset users' seed phrases on request. This would effectively outlaw self-custody in Kentucky. BPI is sending a letter to the Kentucky Senate informing them of the harmfulness of this language. Section 33 was added as a last-minute floor amendment to a 77-page virtual currency kiosk regulation bill. The underlying bill has political support and is expected to move through the Senate for final passage, possibly within the next week. The mandate is technologically impossible for non-custodial wallets. Hardware wallets are specifically designed so that no one — including the manufacturer — can access or recover a user's seed phrase. Requiring a backdoor for seed phrase recovery breaks Bitcoin's fundamental security guarantees and pushes users toward centralized custodians that are vulnerable to hacks and failures. Kentucky legislators should be protecting their constituents' right to secure their own property. We urge the Senate to strip this provision before the bill reaches a vote. Relevant text below

🔥 BIG: The World Gold Council launches a "Gold as a Service" framework to standardize and scale tokenized gold across digital financial systems.

JUST IN: North Carolina introduces bill for a Strategic Bitcoin Reserve 🇺🇸 Today, it already passed the first reading 👏


BREAKING 🚨 US and Japan announce $40 billion nuclear power project

🚨 BREAKING: Gov. Ron DeSantis just FIRED BACK at a group of Florida GOP sheriffs asking President Trump to slow mass deportations "This idea that unless you're an axe m*rderer, you should be able to stay? That is NOT consistent with our laws, and it's also not good policy." "To send a LETTER to him asking him to go back on his campaign promises?!" "You can't let Biden bring in 10 MILLION and we're not allowed to REMOVE them!" "We have different people that are victimized by illegal aliens every day in this country!" "Not all of them have criminal records at the time, in fact, probably most of them don't. But under some view, it's like, okay, yeah, you come illegally, and then you stay until you commit a really violent crime. That just doesn't work." "It's incoherent, and it's not what the president ran on. To send a letter to him asking him to go back on his campaign policies, I would not advise that to be done."


JUST IN: 🇺🇸 SEC Chair Paul Atkins says the agency is setting up "framework" for crypto so people can have certainty.


JUST IN: 🇺🇸🇮🇷 Treasury Secretary Bessent says US may unsanction Iranian oil on tankers to lower prices.

Chairman @SECPaulSAtkins regarding the Commission’s interpretation on crypto assets: “We’re breaking from the past. We are now giving clarity from the SEC’s perspective as to what are and are not securities.”



