Hello crypto bros! Coin Medium is here to give you a daily dose of what happened yesterday in all things crypto. This is where we dive into the wild world of the internet money, blockchain breakthroughs, and the occasional political plot twist.
Massachusetts plans to become a full crypto cowboy; if Democrats let them
First up in All Things Crypto, Massachusetts is considering becoming a crypto cowboy, despite being a Democratic stronghold.
Now, lawmakers are set to fight it out on October 7, 2025 in a hearing that’s got everyone talking.
The Joint Revenue Committee will grill Senate Bill S.1967, a brainchild of Republican Senator Peter Durant dropped back in February.
The bill, if passed, would make it possible for the State to hold onto seized digital assets like a dragon guarding its treasure.
It would also empower the treasury to dip up to 10% of the Commonwealth Stabilization Fund into crypto investments.
However, in a legislature where Democrats flex supermajorities (132 House seats to Republicans’ measly 25, and 35 Senate spots against just 5), this is full of hurdles.
As you know, Democrats are inherently against crypto. So, Durant’s crypto dream faces odds steeper than a Bitcoin price chart during a bull run.
Having said that, this marks a historic first: a heavily Democratic-led state formally eyeing crypto reserves.
Visa is marrying stablecoins in all things crypto
Shifting gears to the payments playground, Visa has come up with a pilot program that’s got stablecoins stealing the spotlight. Visa’s initiative promises to supercharge cross-border cash flows.
This means businesses can now pre-fund Visa Direct with stablecoins instead of old-school fiat.
No more tying up truckloads of cash days in advance; instead, settlement times could shrink from sluggish days to just minutes. It’s like upgrading from a rusty bike to a Tesla for global remittances.
Banks and remittance pros are already testing the waters.
This shows that stablecoins aren’t just hype. In fact, they’re the future of frictionless finance.
New York’s crypto hub ambitions hits a speed bump
Meanwhile, over in the Big Apple, New York City’s crypto hub ambitions just hit a speed bump.
Turns out Mayor Eric Adams, the self-proclaimed Bitcoin booster who once vowed to take his paychecks in crypto, dropped a bombshell on X.
In a heartfelt video, Adams declared he’s bowing out of re-election.
“Although this is the end of my re-election campaign, it’s not the end of my public service. I will continue to fight for this city.”
The guy’s been a crime-fighting champ since 2022, slashing rates and sparking growth amid pandemic chaos. But scandals have shadowed him like a bad NFT drop.
With Adams sidelined, will NYC’s crypto dreams die or be revived by someone new? Stay stuck to Coinmedium to find out.
US SEC is cooking plan to allow blockchain based stock
That’s right. Saving the best for last in all things crypto, the US Securities and Exchange Commission (SEC) is reportedly cooking up a great plan.
Now this plan is to let blockchain-based stocks trade their stuff on crypto exchanges.
The proposed plan is still in the forming ages.
However, the watchdog’s eyeing stock tokens, the digital twins of real shares that could trade on approved platforms.
SEC Chair Paul Atkins is all in, calling it an “innovation” that slashes costs and opens doors.
With Robinhood, Kraken, Nasdaq, and even Coinbase jumping on the bandwagon, this could blend Wall Street suits with crypto hoodies like never before.
Regulators advancing instead of not obstructing? Now that’s a bullish signal!
There you have it, crypto crew. That’s all for today in what happened yesterday in all things crypto. But let me reassure you that the crypto space is heating up faster than a memecoin pump.
