US Senate Has a Draft Crypto Bill, Wall Street Gets a Staking Greenlight, Espionage Payments, and Texas Bitcoin Mining Backlash | November 11, 2025
Description
A new Senate draft bill is making its way through Washington, proposing a new framework that would grant the CFTC clear authority over digital commodities (1:10 ). The Treasury and IRS have just released new rules allowing traditional financial products like ETPs to offer staking rewards to investors (2:47 ). Cryptocurrency was allegedly used to pay an Israeli citizen for espionage activities on behalf of Iran (4:34 ). And finally, Bitcoin mining and AI data centers in Texas are creating a massive strain on the state's energy grid and water resources during a drought (6:12 ).
This is your essential update on the forces shaping what's next in money.
More on stories and articles discussed or referenced in this episode:
Bernd, Candice. "Crypto's Cryptic Texas Takeover." The Texas Observer, 10 November 2025, https://www.texasobserver.org/crypto-energy-grid-texas-bitcoin-water/.
De, Nikhilesh and Jesse Hamilton. "Senate Ag Releases Long-Awaited Version of Crypto Market Structure Legislation." CoinDesk, 10 November 2025, https://www.coindesk.com/policy/2025/11/10/senate-ag-releases-long-awaited-version-of-crypto-market-structure-legislation.
Goodman, Jasper and Declan Harty. "Senate Ag Releases Long-Awaited Crypto Bill Draft." Politico, 10 November 2025, https://www.politico.com/live-updates/2025/11/10/congress/senate-ag-releases-long-awaited-crypto-market-structure-draft-00641759.
"Israel Arrests Man Allegedly Paid in Crypto to Spy for Iran – Media." Iran International, 10 November 2025, https://www.iranintl.com/en/202511100330.
Lutz, Sander. "Ethereum, Solana ETFs Get Green Light for Staking via US Treasury, IRS Crypto Fund Guidance." Decrypt, 10 November 2025, https://decrypt.co/348044/ethereum-solana-etfs-green-light-staking-us-treasury-irs-guidance.
Parashar, Arjun. "US Treasury, IRS Clear Crypto ETPs to Stake and Share Rewards." The Street, 10 November 2025, https://www.thestreet.com/crypto/policy/us-treasury-irs-clear-crypto-etps-to-stake-and-share-rewards.
The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.
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