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Trump signs quantum security executive order, which may promote post-quantum security research for Bitcoin

On Monday, U.S. President Trump signed two executive orders aimed at accelerating the development of U.S. quantum computing capabilities and advancing the government's transition to post-quantum cryptography. Although the executive orders did not directly mention Bitcoin, industry insiders believe this could benefit the blockchain's post-quantum security research and development.The two executive orders focus on defending against advanced cryptographic attacks and promoting cutting-edge quantum innovation. They include a clear timeline: to advance the construction of quantum sensors by September 2028 and require federal high-value assets and high-impact systems to complete the transition to post-quantum cryptography by the end of 2031. Project Eleven CEO Alex Pruden stated that this means the U.S. government will invest time and resources to achieve post-quantum security goals and may extend related requirements to the entire federal contractor system, not just limited to government agencies, thereby accelerating the implementation of post-quantum cryptographic technology.At the time of this policy announcement, the blockchain industry’s concern about quantum threats continues to rise. Organizations like the Ethereum Foundation and the Solana Foundation have begun advancing post-quantum security research and development, while the Bitcoin community is also discussing potential risks. Some publicly exposed Bitcoin addresses are believed to face the risk of private keys being derived once powerful quantum computers emerge in the future. Pruden pointed out that this executive order clearly sets the deadline for adopting post-quantum cryptography as 2031, which is more binding than the previous guidance from the U.S. government that proposed phasing out traditional cryptographic systems by 2035. For Bitcoin and the broader cryptocurrency industry, government investment in post-quantum security may accelerate the maturity of related tools, standards, and migration paths.

Trezor executive: Handing over all Bitcoin to ETFs would be the worst outcome for the industry, undermining the core principle of self-custody

According to The Block, executives from hardware wallet manufacturer Trezor stated that the market's trend of fully pushing Bitcoin towards ETFization may pose a long-term risk to the core principles of the crypto industry. According to the company's Chief Business Officer Danny Sanders during the BTC Prague event, the current global crypto user base is approximately 600 million, but only about 10% of users choose to self-custody their assets, with only about 12 to 13 million users using hardware wallets.Since the launch of the U.S. spot Bitcoin ETF in 2024, which has attracted over $53 billion in inflows, institutional allocation of Bitcoin has significantly increased. However, Sanders pointed out that this trend may also weaken users' behavior of directly holding private keys. He believes that self-custody is one of the core attributes of the Bitcoin system, but there are still significant challenges in terms of user experience and security thresholds, leading more users to prefer participating in the market through custodial tools like exchanges or ETFs.Sanders emphasized that the industry should focus on improving the usability and security of self-custody, rather than simply accepting the path of "putting Bitcoin into ETFs." He stated that if the long-term evolution leads to an ETF-dominated holding structure, it would undermine the foundational logic of Bitcoin as a decentralized asset, which could be the "least ideal outcome" for the industry.

Coinbase executives: Integrating derivatives, tokenized securities, DeFi, and stablecoins into a unified financial platform

According to a report by TheStreet Roundtable, Coinbase's Head of Institutional Sales, John D'Agostino, stated in an interview at the New York Stock Exchange that Coinbase is committed to migrating the existing financial infrastructure from the outdated ledger system of decades ago to a faster, cheaper, and more stable blockchain ledger, with the goal of becoming a fully functional integrated financial platform in the crypto space.D'Agostino pointed out that Coinbase's current growth mainly comes from four directions: first, derivatives; the company acquired the world's largest crypto options exchange, Deribit, for $2.9 billion last year, becoming a market leader in this field; second, tokenized securities; approximately 20 stocks have been tokenized and are continuously expanding, with assets like REITs included in the tokenization scope, claiming the market size is about $15 trillion; third, DeFi; Coinbase has become the official USDC treasury deployer for the Hyperliquid platform, with about $5 billion USDC in revenue used for repurchasing HYPE tokens on the platform; fourth, stablecoins; continuously deepening the coverage of USDC in the on-chain market.He summarized Coinbase's positioning as, "The safest custody for crypto assets is our foundational moat, while hyper-fast growth comes from tokenizing everything and creating universal applications."

The U.S. Treasury Department has sanctioned four Iranian cryptocurrency exchanges and several executives, accusing them of assisting in evading sanctions

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that it has added Iran's largest cryptocurrency exchange Nobitex, as well as three Iranian cryptocurrency exchanges Wallex, Bitpin, and Ramzinex, to its sanctions list, and imposed sanctions on Nobitex's chairman and co-founder Amir Hossein Rad, current CEO Seyed Ali Khoee, and several co-founders and executives.The U.S. Treasury accused Nobitex of processing over 50% of Iran's cryptocurrency inflows in 2025 and providing support for transactions related to the Islamic Revolutionary Guard Corps (IRGC), ransomware organizations, and sanction evasion activities. It also assisted the Central Bank of Iran in obtaining hundreds of millions of dollars in stablecoin funding. U.S. officials stated that after U.S. military actions against Iran, Nobitex helped transfer and protect the assets of the Iranian regime.In addition, the Treasury stated that Iran's second-largest cryptocurrency exchange Wallex, as well as Bitpin and Ramzinex, were also found to have links to transactions related to the IRGC. Among them, Wallex received about 12% of Iran's cryptocurrency inflows in 2025, Bitpin accounted for about 10%, while Ramzinex, established in 2018, has processed over $2.45 billion in transactions.This action is part of the Trump administration's "Economic Fury" strategy to exert maximum pressure on Iran. The U.S. Treasury stated that it will continue to combat Iran's use of digital assets for terrorist financing and sanction evasion and reserves the right to impose secondary sanctions on foreign financial institutions and companies that assist Iran's illegal trade.
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