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Sony has cleared a significant regulatory hurdle, receiving conditional approval to launch a stablecoin trust bank through its New York subsidiary. Capitalized at forty million dollars, the move signals that traditional financial giants are still finding ways into crypto even as broader enthusiasm cools.
And that cooling is worth noting. A wave of high-profile AI company IPOs is drawing billions from global investors, accelerating what analysts describe as a rotation away from digital assets. For crypto advocates hoping institutional money would keep flowing their way, the competition from AI listings is a sobering reality check.
Meanwhile, a story that cuts to the heart of government accountability. Federal investigators say certain records from the Department of Government Efficiency were deleted — specifically, the records that would have shown whether DOGE accessed sensitive government systems in the first place. The agency's own report claims no sensitive systems were breached, but the absence of evidence here is itself the evidence many watchdogs are pointing to.
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