3 days ago
2
PULSE POINTS:
❓What Happened: Arizona has established a Strategic Bitcoin Reserve by enacting House Bill 2749.
👥 Who’s Involved: Governor Katie Hobbs (D), State Representative Jeff Weninger (R), Satoshi Action Fund, and cryptocurrency exchange Coinbase.
Your free, daily feed from The National Pulse.
📍 Where & When: Arizona, with the bill signed into law on Thursday, May 8, 2025.
💬 Key Quote: “Arizona just showed the country how to turn forgotten assets into a fortress against inflation,” said Dennis Porter, CEO of the Satoshi Action Fund.
⚠️ Impact: The law aims to transform unclaimed state assets into appreciating digital stores of value, positioning Arizona as a leader in digital asset management.
IN FULL:
Arizona has taken a significant step into the digital financial realm by establishing a Strategic Bitcoin Reserve, becoming the second state in the U.S. to do so. Governor Katie Hobbs (D) signed House Bill 2749 into law on May 8, 2025, officially launching the Arizona Bitcoin & Digital Assets Reserve. This innovative legislation redirects profits from unclaimed property into Bitcoin and other leading digital assets.
The bill, championed by State Representative Jeff Weninger (R), introduces a strategic approach to managing idle state assets. It includes provisions for using interest and staking rewards from abandoned property to fund acquisitions, while ensuring strong diversification rules to prevent Bitcoin from dominating the state’s investment portfolio. The law mandates U.S.-regulated custody for these assets and outlines clear steps for implementation, allowing the state to begin purchasing digital assets.
Dennis Porter, CEO and Co-Founder of the Satoshi Action Fund, a key advocate for the bill, praised the move. “Arizona just showed the country how to turn forgotten assets into a fortress against inflation,” Porter stated. He emphasized that the law converts dormant dollars into “digital gold” without impacting taxpayers.
Cryptocurrency exchange Coinbase also played a crucial role by providing expert testimony, which helped legislators understand the financial and technological implications of Bitcoin-based reserves. This support was pivotal in overcoming legislative hurdles and securing bipartisan backing for the bill.
The law aligns Arizona with New Hampshire in utilizing idle state assets as potentially appreciating stores of value, aiming to safeguard the treasury without raising taxes or dipping into the general fund. Representative Weninger highlighted the legislation’s importance, stating, “Digital assets aren’t the future—they’re the present.” He underscored the law’s role in ensuring Arizona doesn’t leave value on the table and positions the state to lead in digital currency management.
The National Pulse reported in March that President Donald J. Trump laid out key details of his plan to establish a national Bitcoin reserve, issuing an Executive Order creating a federal government reserve of Bitcoin with the goal of retaining an estimated 200,000—mainly sourced through cryptocurrency assets already seized by federal agencies in criminal proceedings.
PULSE POINTS:
❓What Happened: Transgenders in the U.S. military are being given between 30 and 60 days to self-separate after the Supreme Court cleared the way for the Trump administration to enforce a ban on their service.
👥 Who’s Involved: Defense Secretary Pete Hegseth, approximately 1,000 transgender service members, and the Supreme Court.
Your free, daily feed from The National Pulse.
📍 Where & When: U.S. military, with deadlines for self-separation being set by June 6 for active duty and July 7 for reservists, according to a Department of Defense (DOD) memo published on Thursday, May 9, 2025.
💬 Key Quote: “After a SCOTUS victory for [President Trump], TRANS is out at the DOD,” Hegseth announced on X (formerly Twitter).
⚠️ Impact: The ruling affects military readiness policies and a broader effort to remove diversity, equity, and inclusion policies at the Department of Defense (DOD).
IN FULL:
The Department of Defense (DOD) has initiated a timeline for transgender service members to voluntarily separate from the military following a Supreme Court order clearing the way for a ban on their service in the U.S. military. A recent memo from Defense Secretary Pete Hegseth outlines that approximately 1,000 service members who have identified as having gender dysphoria must begin the process of self-separation. Active duty members are required to exit by June 6, with reservists having until July 7 to comply.
This development follows the Supreme Court’s decision to stay a lower court ruling, effectively allowing the Trump administration’s ban on transgender troops to proceed. The administration argues that this policy is essential for maintaining military readiness, unit cohesion, and avoiding the disproportionate costs associated with transgenders’ need for often lifelong medical care.
Pentagon spokesman Sean Parnell expressed satisfaction with the court’s decision, stating: “The Secretary is encouraged by the Supreme Court’s order staying the lower court’s injunction, allowing the Department of Defense to carry out its policies associated with ‘Prioritizing Military Excellence and Readiness.'”
Hegseth, in an announcement on X (formerly Twitter), declared, “After a SCOTUS victory for [President Trump], TRANS is out at the DOD.” He further noted that service members with a current diagnosis or history of gender dysphoria could choose to separate voluntarily by the set deadlines, or face involuntary removal if they fail to do so.
The Trump administration’s policy, initially introduced via Executive Order in January, mandates updates to medical standards to prioritize readiness and lethality. It also seeks to eliminate the use of invented and identification-based pronouns within the Department of Defense.
The Pentagon’s move is part of a broader initiative to eliminate policies related to diversity, equity, and inclusion (DEI) and gender ideology. Hegseth recently announced that nearly all DEI-related policies have been removed from the Department, alongside efforts to standardize fitness tests for men and women.
From January 2016 to May 2021, the Department of Defense reportedly spent around $15 million on transgender treatments for active-duty service members. This financial aspect has been a point of contention in discussions about military spending and readiness.
show less
English (US) ·