Today in Crypto, the US Treasury Scott Bessent Signals Trade Framework Deal was reached, Trump’s CZ pardon followed a lobbying push that included $450,000 in Trump-related lobbyists, and Kyrgyzstan launched a stablecoin and confirmed CBDC rollout with the help of Changpeng Zhao.
US Treasury Secretary Scott Bessent Signals Trade Deal Framework between US and China
Scott Bessent, the Secretary of the Treasury of the United States, said on Sunday With the US and China making a “big” headway on a trade deal framework between the two countries, investors expect markets to continue their upward trajectory.
The prospect framework means the 100% additional tariffs on China, announced in October, are unlikely to be implemented, and he said the two countries will also cooperate on security agreements. Bessent added:
“President Trump gave me a lot of talks on negotiating the threat of 100% tariffs on November 1, and I believe we’ve come to a tremendous framework that will avoid that and allow us to discuss many other things with the Chinese.”
Crypto markets reacted to the news positively, with the price of bitcoin (BTC) is up 3.2%, at the time of this writing, as investors and traders saw Bessent’s comments as a sign that the trade war will end soon and markets will rally to new all-time highs.
CZ’s pardon comes after costly lobbying to lobby Washington: Politico
Former Binance CEO Changpeng “CZ” Zhao’s Pardon by US President Donald Trump Arrives After an extensive and expensive lobbying Campaign in Washington.
Zhao, who? served a four-month prison term Last year for violating us Anti-Money Laundering (AML) The laws, benefited from a month-long effort by Binance and its legal team to win over key figures in Trump’s orbit, according to a report by Politico Sunday.
In late September, Binance hired Ches McDowell, a close associate of Donald Trump Jr., and his North Carolina-based firm Checkmate Government Relations to lobby the White House and Treasury Department on “Executive Relief,” the report claimed.
Checkmate, one of Washington’s fastest growing companies, received $450,000 for a month’s work. The firm also racked up $7.1 million in revenue in the last three months alone, according to Politico.
Kyrgyzstan rolls out new StableCoin while confirming CBDC plans
Kyrgyzstan is Roll a new stablecoin Pegged 1:1 to the Kyrgyzstani Som, while confirming plans to issue a central digital bank currency and explore a digital asset reserve.
KGST StableCoin will run on the BNB chain, and BNB (BNB) will be integrated into the Crypto Reserve upon launch, according to former Binance CEO Changpeng ‘CZ’ Zhao, a strategic advisor who attended the National Council for the Development of Virtual Assets and Blockchain Technologies’ Second Meeting on Friday, along with President Sadyr Japarov.
Local media outlet KG24 said Kyrgyzstan’s crypto committee must ensure that KGST StableCoin is listed on international platforms and submit proposals for the creation of a national crypto reserve within two months.
Updates from Kyrgyzstan🇰🇬
– Launched National StableCoin, ON @Bnbchain
– CBDC is ready for rollout. Yes, both. CBDC will be used for GOV related payments, etc
– The National Cryptocurrency Reserve was established, #Bnb together
– LE training
– Binance Academy with 10 top … https://t.co/kprl0pnswg pic.twitter.com/sinh5acpmz– cz 🔶 bnb (@cz_binance) October 25, 2025
Japarov also advised the Ministry of Economy and Commerce to continue working on a legislative framework for virtual assets and for the National Bank of the Kyrgyz Republic to start pilot testing digital SOM.
The pilot will run in three phases, building on the National Bank’s demo of a digital SOM platform built using build block tech. It will first connect commercial banks to enable transfers, then link the central treasury for social and government payments, and finally test offline and low-connection transactions ahead of a national rollout.
