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Trump Media & Technology Group has asked the U.S. Securities and Exchange Commission to approve the Truth Social Crypto Blue Chip ETF, a fund built around the five most traded tokens on public blockchains. 

Tether Holdings, the firm behind the $159 billion USDT stablecoin, says it keeps roughly $8 billion in gold bars inside a vault it controls somewhere in Switzerland. 

Associate Justice Minister Nicole McKee outlined a draft law that would tighten New Zealand’s anti-money-laundering net while cutting paperwork for most businesses.

Top stories in the Crypto Roundup today:

  • Truth Social Moves to List ‘Blue Chip’ Crypto ETF Focused on Bitcoin and Ether
  • Tether’s $8B Gold Stash in Private Swiss Vault
  • NZ Caps $5K Cash Transfers, Bans Crypto ATMs in AML Overhaul

 
24 hours chart of the price of BTC
 

Truth Social Moves to List ‘Blue Chip’ Crypto ETF Focused on Bitcoin and Ether

 

Trump Media & Technology Group has asked the U.S. Securities and Exchange Commission to approve the Truth Social Crypto Blue Chip ETF, a fund built around the five most traded tokens on public blockchains. 

The portfolio skews hard toward bitcoin and ether, which together take up 85%  of the weighting. Solana receives 8%, cronos 5% and XRP 2%. Yorkville America Digital will run the fund, while Crypto.com’s Foris DAX Trust Company will hold the coins in cold storage.

 
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Tether’s $8B Gold Stash in Private Swiss Vault

 

Tether Holdings, the firm behind the $159 billion USDT stablecoin, says it keeps roughly $8 billion in gold bars inside a vault it controls somewhere in Switzerland. 

Chief Executive Paolo Ardoino described the site as “the most secure vault in the world” but declined to reveal its address. The stash equals almost 80 metric tons, ranking Tether among the largest private gold owners outside banks and sovereign treasuries. 

Precious metals account for about 5% of the assets that support USDT. Tether earns income on those reserves by buying Treasuries and other liquid instruments.

Gold’s status in the pile sets up a clash with coming rules. The European Union’s MiCA framework and a draft US bill both limit stablecoin backing to cash or short-dated government debt.

Tether also issues XAUT, a token redeemable for one ounce of gold in Switzerland. It now represents 7.7 tons.

 
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NZ Caps $5K Cash Transfers, Bans Crypto ATMs in AML Overhaul

 

Associate Justice Minister Nicole McKee outlined a draft law that would tighten New Zealand’s anti-money-laundering net while cutting paperwork for most businesses.

The bill sets a hard $5,000 cap on any single cash transfer sent abroad. Crypto ATMs, popular cash-to-coin machines, would disappear altogether as a result of the measure.

Police and the Financial Intelligence Unit would gain authority to demand continuous account data on people of interest. Today they must seek each record separately, a lag that investigators say lets money vanish offshore.

To fund upgrades the government plans a levy, details of which will go to industry consultation. McKee argues that smarter tech and clearer rules will cost less than today’s scatter-gun filing system.

 
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