Trump, Justin Sun and crypto
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I write about how bitcoin, crypto and blockchain can change the world. This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. Bitcoin has rocketed higher in recent weeks,
BIS paper says the largest crypto platforms act like shadow banks. 'Earn' products mirror deposits but lack insurance or central bank backstops. Authors cite Celsius, FTX and October 2025's $19B flash crash.
Key priorities include defining clear SEC and CFTC oversight roles, protecting non-custodial developers, simplifying disclosure rules, and avoiding a patchwork of state laws.
Charles Schwab is rolling out spot bitcoin and ethereum trading for 38 million brokerage accounts at a 75-basis-point fee, and advisors are already pushing back.