Crypto Kidnapping in Paris, Stablecoin Bill Stalls, Arizona Vetoes Bitcoin, SEC Ends PayPal PYUSD Probe | May 5, 2025

A kidnapping in Paris highlights the physical dangers tied to crypto fortunes (1:14). In Washington, stablecoin legislation hits a wall as bipartisan negotiations break down (2:45). Arizona shuts the door on holding bitcoin as a reserve asset (4:03), while PayPal celebrates as the SEC closes its investigation into PYUSD — a move that could reshape the stablecoin landscape (5:13).

Crypto Kidnapping in Paris, Stablecoin Bill Stalls, Arizona Vetoes Bitcoin, SEC Ends PayPal PYUSD Probe - This is your essential update on the forces shaping what’s next in money.

More on stories and articles mentioned or referenced in this episode:

Kidnapped Father of French Crypto-Millionaire Rescued, Henri Astier, BBC News.

https://www.bbc.com/news/articles/c2ew98rllxyo

Democrats Reverse Course to Oppose Senate Crypto Bill, by Jasper Goodman, Politico.

https://www.politico.com/news/2025/05/03/crypto-democrats-senate-stablecoin-00325255

Arizona Governor Calls Crypto an ‘Untested Investment,’ Vetoes Bitcoin Reserve Bill, by Francisco Rodrigues and edited Aoyon Ashraf, CoinDesk.

https://www.coindesk.com/policy/2025/05/03/arizona-governor-calls-crypto-an-untested-investment-vetoes-bitcoin-reserve-bill

Arizona Governor Katie Hobbs Informs the Arizona Legislature of Her Veto of Senate Bill 1025 (PDF): https://www.azleg.gov/govlettr/57leg/1r/sb1025.pdf

SEC Closes PayPal PYUSD Probe as Rollback of Gensler-Era Crypto Enforcement Barrage Continues, by David Okoya, Benzinga.

https://finance.yahoo.com/news/sec-closes-paypal-pyusd-probe-141654440.html

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