Vol. I · August 28, 2026 · Gotham City · Free to read
Crypto · Regulation · AI
Crypto's Reckoning: Regulation, Reshuffling, and the AI Chip Boom
A year of firsts: Strategy sold bitcoin, the GENIUS Act became law, and Nvidia hit $4 trillion, while legal cases against industry figures concluded.
By Jack Ryder · Gotham Gazette
The GENIUS Act, signed into law in July 2025, established the first US framework for payment stablecoins, mandating reserves be held one-to-one in US Treasuries and short-dollar assets and banning yield payments to holders.
In a significant shift, Strategy sold bitcoin in 2026 for the first time, a notable move for the company long known as the loudest voice against ever selling. This followed a year where Bitcoin ETFs became BlackRock’s single largest source of revenue in 2025, with its fund becoming the largest single holder of bitcoin globally.
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