Weekly: Musk's policy, cryptomachine ban and TON fake in the UAE

Elon Musk launches political party and publicly supports Bitcoin

The entrepreneur announced the launch of the "American Party" amid a conflict with Donald Trump. Musk stated that his movement will adopt Bitcoin as part of its public agenda. In response to a user on social media platform X, he emphasized: “Fiat is hopeless.”

New Zealand plans to ban crypto ATMs

The country's government is tightening rules on anti-money laundering and countering the financing of terrorism. Deputy Justice Minister Nicole McKee announced a forthcoming bill that would completely ban crypto ATMs.

Robinhood Crypto under investigation in Florida

The state attorney accused the company of misleading marketing. The claim centers on promotional language about offering “the best conditions” for purchasing crypto assets, which may have misled investors.

Trustee Plus and Weld Money exit Ukraine — NBU interest may be the reason

Both companies ceased operations in May 2025, citing war and regulatory uncertainty. However, according to Forbes Ukraine, the real reason may be the National Bank of Ukraine’s attention to crypto cards used to bypass currency restrictions and withdraw funds from the country.

TON Foundation faces scandal over UAE “Golden Visa”

The foundation announced that staking $100,000 in Toncoin plus a $35,000 fee could grant UAE residency. This announcement caused a sharp price spike in the TON token. However, the UAE government publicly denied any connection between visas and cryptocurrencies. The TON Foundation likely acknowledged the mistake — the organization is now searching for a new VP of marketing.

Read more here.

Kursoff's opinion

This week once again proved that crypto is not only about technology, but also about politics, marketing, and regulatory risks. To maintain trust, projects must be not only fast but also responsible.