Reliance Global Adopts Zcash as Exclusive Treasury Crypto Asset

Sen. Chris Rose has filed legislation allowing the West Virginia Treasury to allocate up to 10% of assets to precious metals and digital currencies. Supporters say the move would diversify state holdings and signal growing acceptance of crypto.

Semler shareholders approved Strive Inc.'s all-stock acquisition, advancing a deal that clears the way for Strive to pursue a treasury holding of up to 12,798 BTC. The move could elevate Strive into the ranks of major corporate bitcoin holders.

The U.S. Securities and Exchange Commission has closed its investigation into the Zcash Foundation without filing charges, a sign of eased enforcement after recent high-profile cases. The move is being watched for implications to ZEC and broader regulatory clarity in crypto.

Galaxy warns a draft Senate crypto market-structure bill would let the U.S. Treasury freeze transactions and wield Patriot Act–style tools, raising privacy and oversight alarms. The firm says the proposal grants unprecedented surveillance and enforcement authority over crypto activity.

Monero climbed to a fresh record high as a wave of buying lifted privacy tokens and select altcoins while Bitcoin traded sideways. Zcash, Dash and Solana were among the standouts in the move.