News – Archive

Steak ‘n Shake announced a $10 million bitcoin purchase, increasing exposure in its corporate treasury. All bitcoin payments from customers flow directly into the company’s Strategic Bitcoin Reserve. Same-store sales have risen dramatically since accepting bitcoin payments began in May 2025. The move creates a self-described “self-sustaining system” linking sales growth to bitcoin accumulation. Steak ‘n Shake has boosted i…

The U.S. Senate Banking Committee postponed a markup on landmark crypto legislation after Coinbase withdrew support. CEO Brian Armstrong cited provisions that could harm consumers, stifle competition, and erode CFTC authority. Stakeholders anticipate a revised draft in coming weeks to address industry concerns. The U.S. Senate Banking Committee has postponed a scheduled markup of a major cryptocurrency regulation bill followi…

The Senate Banking Committee has postponed its markup of the digital asset market structure bill due to ongoing bipartisan negotiations. Coinbase CEO Brian Armstrong publicly opposed the bill, citing concerns over stablecoin rewards, tokenized equities, and erosion of CFTC authority. The delay highlights tensions between crypto innovation and traditional banking interests, potentially extending regulatory uncertainty. The U.S…