Texas completed a $10 million Bitcoin acquisition on November 20, 2025, at approximately $87,000 per coin, becoming the first U.S. state to establish a formal government digital asset reserve. The purchase was executed through BlackRock's iShares Bitcoin Trust (IBIT) as an interim measure while the state finalizes its self-custody infrastructure. The transaction follows legislation signed in June 2025 that authorized a Strategic Bitcoin Reserve with cold-storage requirements and minimum holding periods.

Six major Japanese asset management firms are developing cryptocurrency investment products in anticipation of regulatory changes that would permit digital assets in investment trusts for the first time. The Financial Services Agency plans to submit legislative proposals during the 2026 parliamentary session to reclassify cryptocurrencies under the Financial Instruments and Exchange Act. Current regulations prohibit cryptocurrencies from being included in investment trust structures, limiting retail and institutional access to digital assets through mainstream channels.

North Korean agents have infiltrated the cryptocurrency industry at unprecedented levels, with 15% to 20% of digital asset firms potentially employing state-backed operatives, according to Security Alliance member Pablo Sabbatella. Between 30% and 40% of job applications to crypto companies may originate from North Korea-linked actors. These individuals gain access to internal systems, production environments, and sensitive infrastructure after being hired through fraudulent recruitment channels.

India's Enforcement Directorate has frozen ₹8.46 crore held across 92 bank accounts, including balances at CoinDCX and several cryptocurrency wallets, as part of an investigation into a ₹285 crore cyber-fraud network. The probe identified fraudulent apps and platforms that used task-based earning schemes to lure victims before blocking their withdrawals.

Representative Warren Davidson has proposed legislation that would allow American taxpayers to pay federal taxes using Bitcoin. The Bitcoin For America Act directs all Bitcoin tax payments into a newly created Strategic Bitcoin Reserve. Transfers would be exempt from capital gains taxation at the point of payment.

Franklin Templeton has appointed Coinbase Custody as custodian for its proposed spot XRP exchange-traded fund, according to a prospectus filed with the U.S. Securities and Exchange Commission. The asset manager, which oversees approximately $1.6 trillion, said the product is scheduled to begin trading on November 18, pending regulatory approval. The fund would trade on Cboe BZX Exchange and use the CME CF XRP-Dollar Reference Rate for net asset value calculations.