Russia's State Duma passed the first reading of a bill creating a legal framework for digital currency trading through licensed intermediaries, though the Supreme Court blocked a companion criminal penalties bill as premature.

Admiral Samuel Paparo told Congress the U.S. military is operating a Bitcoin node to test cybersecurity and network defense applications, framing the asset as a computer science tool rather than a reserve asset.

A broad coalition of crypto companies and trade groups urged the Senate Banking Committee to advance a markup on digital asset market structure legislation, warning that delay risks pushing investment and jobs offshore.

Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, hinted at a 'big announcement' coming in the next few weeks regarding next steps for Trump's strategic bitcoin reserve.

Canada's federal government is moving to ban crypto ATMs, citing their widespread use by scammers to collect cash from fraud victims, as the country hosts nearly 4,000 machines with no industry-specific regulations.

Defense Secretary Pete Hegseth told Congress that the Pentagon is running classified Bitcoin projects, framing the asset as a tool of American geopolitical power amid growing crypto activity by Russia and China.

The U.S. national debt held by the public has surpassed 100% of GDP for the first time since World War II, with projections showing it could reach 120% within a decade.

Senators Tillis and Alsobrooks released compromise text banning passive stablecoin yield while preserving activity-based rewards, clearing the final major obstacle to a Senate Banking Committee markup of the Digital Asset Market Clarity Act.

White House crypto adviser Patrick Witt set a July 4 target to pass landmark crypto legislation, saying the Senate could advance the bill in June with ethics provisions still a key sticking point.

White House digital-assets adviser Patrick Witt told Consensus Miami that an announcement on the U.S. Strategic Bitcoin Reserve is coming within weeks, citing a U.S. Marshals hack as proof federal crypto holdings need better safeguarding.

The Senate Banking Committee has scheduled a May 14 markup to advance sweeping federal crypto legislation, its second attempt after a January cancellation.