Sora Ventures Launches $1 Billion Bitcoin Treasury Fund
During Taipei Blockchain Week, Sora Ventures announced the launch of a $1 billion Bitcoin treasury fund, with the goal of fully raising the amount within six months. Founder Jason Fang described the initiative as “Asia’s first $1 billion Bitcoin treasury fund,” targeting increased corporate adoption of Bitcoin across regional institutions.
The fund has secured an initial $200 million commitment from institutional partners in Asia. Sora Ventures aims to position Bitcoin as a strategic asset for corporate treasuries, enabling companies to diversify reserves and expand Bitcoin’s role in mainstream finance.
SEC Investigation Reveals Loss of Gary Gensler’s Text Messages
The Securities and Exchange Commission’s Office of Inspector General (OIG) released a report disclosing that nearly a year’s worth of former Chair Gary Gensler’s text messages, spanning October 2022 to September 2023, were permanently deleted due to “avoidable errors.” This period coincides with heightened SEC enforcement actions in the crypto sector.
The OIG found that an automated IT policy led to an enterprise wipe of Gensler’s government-issued mobile device, erasing stored texts and system logs. Contributing factors included inadequate change management, missing backups, ignored system alerts, and unresolved vendor software issues.
Some of the deleted communications pertained to SEC enforcement cases against cryptocurrency companies and their executives, creating potential gaps in transparency for courts, Congress, and the public.
SEC Chair Paul Atkins Proposes Regulatory Reforms for Digital Assets
In a spring 2025 regulatory agenda released on Thursday, SEC Chair Paul Atkins outlined approximately 20 proposed rule changes addressing digital asset regulation. The agenda suggests a shift toward establishing clearer frameworks and easing enforcement for crypto offerings and trading.
Key proposals include introducing exemptions and safe harbors for crypto asset offerings and amending the Securities Exchange Act to better accommodate trading on alternative trading systems and national securities exchanges. These changes could reduce regulatory burdens and legal risks for crypto firms.
Additionally, the agenda proposes reforms to broker-dealer financial responsibility rules, potentially alleviating compliance challenges related to Know Your Customer (KYC) and Anti-Money Laundering (AML) obligations that have been contentious within the crypto industry.
