Trump Backs BTC Mega-Haul!

Senator Cynthia Lummis announced that President Donald Trump officially supports the BITCOIN Act.

Author

Danielle du Toit
May 28, 2025

In partnership with

Top investors are buying this “unlisted” stock

When the team that co-founded Zillow and grew it into a $16B real estate leader starts a new company, investors notice. That’s why top firms like SoftBank invested in Pacaso.

Disrupting the real estate industry once again, Pacaso’s streamlined platform offers co-ownership of premier properties – revamping a $1.3T market.

By handing keys to 2,000+ happy homeowners, Pacaso has already made $110m+ in gross profits.

Now, after 41% gross profit growth last year, they recently reserved the Nasdaq ticker PCSO. But the real opportunity is now, at the unlisted stage.

Until May 29, you can join Pacaso as an investor for just $2.80/share.

This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.

Here's what we've got for you today:

  • Trump Supports Plan for US to Buy One Million Bitcoin

  • Nasdaq Files for 21Shares Sui ETF, Kicking Off SEC Review

  • Crypto Investors Targeted in Coordinated Violent Crimes Across NYC and Seoul

  • Trump’s CFTC Pick Quintenz Discloses Crypto Links, $3.4M Assets

At the Bitcoin 2025 conference, a

  • At Bitcoin 2025, Senator Cynthia Lummis announced President Donald Trump’s support for the BITCOIN Act, which is a bill proposing the US government acquire 1 million BTC over five years.

  • The administration also plans a phased rollout of crypto legislation, starting with stablecoins, followed by broader market reforms and the creation of a national Bitcoin reserve.

  • The stablecoin bill already passed the Senate Banking Committee, and Lummis talked about the bipartisan cooperation and negotiations it took to secure cross-party backing.

📜 Nasdaq Files for 21 Shares Sui ETF, Kicking Off SEC Review

Nasdaq has filed with the SEC to a list 21Shares spot Sui ETF.

  • Nasdaq submitted a 19b-4 filing on May 23 to list the 21Shares SUI ETF, which started the SEC’s formal review process for the spot Sui exchange-traded fund.

  • This follows 21Shares’ April 30 S-1 registration submission, with both filings required before the ETF can launch and begin trading.

  • The SEC has up to 240 days to approve, reject, or delay the application, with a final decision deadline set for Jan. 18, 2026.

An attempted robbery in Seoul and a kidnapping in New York have led to arrests and major global investigations.

  • South Korean police arrested a Russian national in Busan for allegedly attempting to rob local investors of ₩1 billion (~$730,000) during a fake crypto transaction in a Seoul hotel.

  • The arrested suspect faces charges of assault and attempted robbery, while authorities continue to investigate the broader network involved in the operation.

  • In a separate case, William Duplessie surrendered to the NYPD on May 27 for his role in kidnapping and torturing Italian tourist Michael Teofrasto in SoHo.

Donald Trump's pick to lead the CFTC, Brian Quintenz, has investments in crypto and market prediction firms.

  • Brian Quintenz disclosed over $3.4 million in assets and multiple roles in crypto-related firms, including as global head of crypto policy at Andreessen Horowitz.

  • Quintenz pledged to step down from his role at a16z if confirmed and revealed financial interests in AH Capital funds, as well as equity in firms like Kalshi and Next Level Derivatives.

  • For now, his investments intersect with CFTC priorities, particularly crypto regulation and prediction markets.

👀 QUICK NEWS

MEME OF THE DAY

How did you like today's newsletter?

Login or Subscribe to participate in polls.

That’s it for today. Don’t forget to share Coinpaper Digest with your friends!