Cabinet Approves Digital Assets Framework
“Cabinet has approved a framework to allow the Government of Bermuda to accept and invest in digital assets within a clear regulatory structure,” Premier David Burt said.
“At Consensus 2026, I joined a fireside chat with Paul Grewal of Coinbase and made two announcements related to Digital Finance in Bermuda,” the Premier said in a social media post.
“First, Cabinet has approved a framework to allow the Government of Bermuda to accept and invest in digital assets within a clear regulatory structure.
“Second, the Government is modernising the existing FinTech Development Fund so it can receive digital asset contributions from industry, alongside Government support, to help grow Bermuda’s on-chain economy and strengthen the local digital finance ecosystem.
“The goal is to ensure that Bermudians are not just spectators in the future of digital finance, but owners, builders, and active participants.”
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“The goal is to ensure that Bermudians are not just spectators in the future of digital finance, but owners, builders, and active participants.”
Wrong.
Burt’s trying to rope the entire country into what is by and large a scam industry because it benefits his own financial interests.
What about the government hack? still never heard anything about that.
Also, Id like to see this “clear regulatory structure”. I have a feeling that the ultimate regulator is a government body controlled by Burt which is highly suspect. Reminds me of what the orange man and his family are doing in america. yet another plp politician lining his pockets before he departs.
Government systems were hacked, and more than once. That is the extent of what you will hear. Submit a PATI request, and I bet it will be denied for national security reasons.
How again did Nancy Pelosi become a multi-millionaire with all that inside trading? Here’s How Nancy Pelosi Got Filthy Rich In Congress
Democratic California Rep. Nancy Pelosi’s wealth grew by at least 2,292%, largely through stock trading, during her 37 years in Congress.
The former House speaker, who announced Thursday that she will retire from Congress in 2027, had a $2,675,036 minimum net worth in the year she began serving and a $63,996,050 minimum net worth in 2024, according to a Daily Caller News Foundation analysis of assets and liabilities listed in her congressional financial disclosures. An analysis by Quiver Quantitative estimates her current net worth more precisely at $278,760,000 million.
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What about Ilhan Omar’s $30M Net Worth Error – seriously? If you do not read a basic financial disclosure form with such a HUGE increase in your net worth, would you bother to read a congressional bill?
Accounting Mistake Explained (blame the accountant)
Rep. Ilhan Omar says a major accounting error caused her congressional financial disclosure to list her and her husband’s assets as high as $30 million, far above the actual value. The amended filing revised the range to $18,004–$95,000, down from the original $6M–$30M estimate.
What Happened
The original 2025 disclosure, filed in May, showed a 3,500% jump in net worth from 2023 to 2024. The inflated figures came from two businesses tied to her husband, Tim Mynett: eStCru LLC (Santa Rosa, CA winery) — valued $1M–$5M in the original filing. Rose Lake Capital (D.C. venture capital firm) — valued $5M–$25M in 2024.
These valuations were far higher than prior disclosures, where the winery was valued at $15K–$50K, and the firm had less than $1K in assets. Omar’s team says the discrepancy was due to accountant calculations and not actual business growth. (but she signed the form!)
Omar’s Response
Omar’s spokesperson, Jacklyn Rogers, said the filing was corrected “as soon as the discrepancy was identified” and that the congresswoman “is not a millionaire”. Her attorney told the Office of Congressional Conduct that the error was unintentional and stemmed from reliance on accountants, calling it “nothing untoward and nothing illegal”. (but she signed the form!)
Why It Matters
The Office of Congressional Conduct requested additional information earlier in 2026, and the amended filing came after that review Fox News+1. The $30M figure drew scrutiny from Republicans, including House Oversight Committee Chairman James Comer, who sent a letter to Mynett in February asking for financial records. Some reports suggest the matter could lead to further investigation.