minnesota

A stablecoin bill proposed by the Republican Party is causing fierce debate between the two factions in the US Congress. While the Republican Party argues that this is a necessary step to promote the development of stablecoin and maintain the USD's position in the global financial market, the Democratic Party strongly criticizes it, claiming that this bill will grant excessive power to major tech companies like Elon Musk's X and could harm retail investors as well as national security.

On 02/04/2025, Alabama and Minnesota took a further step towards legalizing Bitcoin as a state reserve asset, with companion bills in both chambers. Minnesota directly mentions Bitcoin, while Alabama sets the criterion that only Bitcoin qualifies. Will these states pave the way for Bitcoin to appear on the state 'balance sheet,' or is this just a passing trend?

Minnesota: The First Bitcoin Act

State representative Melissa Hortman was found shot dead in her own home in Brooklyn Park. Can you imagine! And it doesn't stop there, her husband, Mark, was also shot and unfortunately passed away in the hospital. A true family tragedy that gives us goosebumps.
But wait, things are getting weirder. Just a few kilometers away, state senator John Hoffman and his wife, Yvette, were also shot. The good news is that they have already undergone surgery and are stable. A relief amidst so much chaos! In fact, Yvette was a very brave woman for standing in front of her daughter to protect her from the attacker.

📅 September 25 | Minnesota, United States
Two brothers have been charged with participating in a brutal armed kidnapping following an $8 million cryptocurrency robbery. The story sounds like something out of a movie, but it's 100% true: federal authorities in Minnesota confirmed that the defendants planned, executed, and then attempted to escape after a criminal operation that blends violence, deception, and technology.
This case not only exposes the magnitude of crimes linked to the crypto world, but also highlights the growing physical risk behind digital assets, a danger that goes far beyond online fraud.

📖The case began when the brothers devised a plan to steal high-value cryptocurrency from a businessman in the sector. According to court documents, it was not a simple digital attack: it included the use of firearms, deprivation of liberty, and direct threats against the victim to force the transfer of funds. The amount stolen, $8 million in crypto assets, makes this crime one of the most scandalous in recent US history linked to the blockchain ecosystem.
The dramatic turn occurred when the investigation revealed that the defendants were not international cybercriminals, as is often thought in these types of cases, but brothers who lived in the same state of Minnesota. Their closeness to the victim and the meticulousness with which they orchestrated the heist astonished investigators. The indictment details that the brothers coordinated the kidnapping in person, using physical threats to force the businessman to agree to transfer the digital assets under pressure.
The FBI and federal prosecutors immediately took up the case, aware of the impact this precedent could have on trust in the ecosystem. The indictment includes charges of kidnapping, use of a firearm in a violent crime, and conspiracy to commit fraud. If convicted, the brothers face life sentences.
This episode adds to a disturbing trend: physical violence linked to the theft of crypto assets. Previously, the danger lay in an anonymous hack from halfway around the world. Today, the risk is also tangible, with criminals resorting to direct intimidation to seize private keys and irreversible transfers.
The Minnesota case is a reminder that digital money, although intangible, has such real value that it can lead to brutal crimes.

Topic Opinion:
We always talk about digital security: passwords, cold wallets, decentralized protocols. But here it became clear that the greatest risk may be human and physical. Decentralization grants freedom, but also responsibility: if someone obtains your passwords by force, there's no bank or insurance to back you up.
💬 Do you think the rising value of cryptocurrencies is attracting more and more violent crimes?

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