Trump opens door for crypto in retirement accounts
7 August 2025
US President Donald Trump is pushing to make it easier for Americans to use retirement savings to invest in cryptocurrencies, private equity, property, gold and other kinds of non-traditional assets.
On Thursday, he ordered regulators to look for ways to change rules that might discourage employers from including such offerings in workplace retirement accounts, known in the US as 401ks.
Fact Sheet: President Donald J. Trump Establishes the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile
The White House
March 6, 2025
CREATING A STRATEGIC BITCOIN RESERVE AND DIGITAL ASSET STOCKPILE: Today, President Donald J. Trump signed an Executive Order to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, positioning the United States as a leader among nations in government digital asset strategy.
Fact Sheet: President Donald J. Trump Signs GENIUS Act into Law
The White House
July 18, 2025
MAKING AMERICA THE LEADER IN DIGITAL ASSETS: Today, President Donald J. Trump signed the GENIUS Act into law, a historic piece of legislation that will pave the way for the United States to lead the global digital currency revolution.
OpenAI CEO Sam Altman revealed that the company could eventually spend trillions on data centers to meet the exploding demand for AI computing power. In a recent interview, he emphasized that future AI systems will require massive infrastructure beyond today’s scale.
Google pledges $9 billion to expand AI, cloud infrastructure in Oklahoma
By Reuters
Aug 13 (Reuters) - Alphabet's Google said on Wednesday it will spend an additional $9 billion in Oklahoma over the next two years to expand cloud and artificial intelligence infrastructure.
The company (GOOGL.O), opens new tab will build a new data center campus in Stillwater and expand its Pryor facility to bolster U.S. AI and cloud capacity, alongside education and workforce programs.
Meta, Facebook’s parent company, is investing part of its massive $165 billion annual ad revenue into a mega-scale AI and metaverse data center — reportedly the size of Manhattan. This facility will host advanced AI models, virtual reality systems, and high-capacity cloud services.
The center is expected to consume hundreds of megawatts of electricity, much of which Meta plans to source from renewable energy. Engineers are designing advanced cooling systems to handle the immense heat generated by AI workloads.
By building infrastructure at this scale, Meta is securing its dominance in the AI race against competitors like Google, Amazon, and Microsoft. It’s not just a data center — it’s the backbone of the future internet.
US data center build hits record as AI demand surges, Bank of America Institute says
(Reuters) -Construction spending on U.S. data centers reached an all-time high of $40 billion at a seasonally adjusted annual rate in June, as technology giants continue pouring billions into AI infrastructure, according to a Bank of America Institute report.
BY THE NUMBERS
The June figure represents a 30% increase from the previous year, following a 50% surge in 2024, the report said, citing U.S. Census Bureau data.
What's $100 billion between friends?
Earlier today, OpenAI and Nvidia announced a strategic partnership that will see Nvidia invest billions to help OpenAI pursue its data center dreams.
As part of the project, OpenAI will deploy 10 gigawatts worth of Nvidia systems for its AI models—which will require the construction of just a few new data center clusters.
Trump announces a $500 billion AI infrastructure investment in the US
Three top tech firms on Tuesday announced that they will create a new company, called Stargate, to grow artificial intelligence infrastructure in the United States.
OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison appeared at the White House Tuesday afternoon alongside President Donald Trump to announce the company, which Trump called the “largest AI infrastructure project in history.”
The companies will invest $100 billion in the project to start, with plans to pour up to $500 billion into Stargate in the coming years. The project is expected to create 100,000 US jobs, Trump said.
Stargate will build “the physical and virtual infrastructure to power the next generation of AI,” including data centers around the country, Trump said. Ellison said the group’s first, 1 million-square foot data project is already under construction in Texas.
US platform Blue Ocean banks on tokenization of securities
(Reuters) -Blue Ocean, an off-exchange platform that enables overnight U.S. stock trading, said on Friday it was making a push into blockchain-based equity offerings, becoming the latest trading venue betting big on tokenization.
The move comes as corporations and governments embrace digital assets, upgrading them from the fringes of finance to a key portfolio allocation and now a critical underpinning of the trading ecosystem.
Tokenization refers to the process of turning financial assets - such as bank deposits, stocks, bonds, funds and even real estate - into blockchain-based assets.
These "tokens", then, can be held in crypto wallets and traded on blockchain, providing them with around-the-clock markets.