Intro

The week closes with major developments in crypto policy, regulation, and markets. From Michigan reviving its Bitcoin reserve bill to Ethereum preparing for its Fusaka upgrade, today’s stories highlight both the challenges and opportunities shaping digital assets. Here are the six key headlines for September 19, 2025.

📊 Market Overview

• Michigan advances a long-stalled Bitcoin reserve bill.

• Bank of Canada pushes for stronger stablecoin regulations.

• Ethereum schedules its Fusaka upgrade for December.

• Stablecoin oversight tightens with new global guidance.

• XRP eyes a bold $15 price target on ETF speculation.

• Grayscale secures approval for the first multi-crypto ETF.

🏛️ Michigan Advances Bitcoin Reserve Bill After 7 Months

Michigan’s Bitcoin reserve bill has finally advanced after seven months of legislative delay. The proposal, if enacted, would position Michigan as one of the first U.S. states to hold Bitcoin in its reserves, potentially setting a precedent for others.
Source: CoinDesk

🇨🇦 Bank of Canada Calls for Stablecoin Guardrails

The Bank of Canada has urged lawmakers to implement comprehensive guardrails for stablecoins, citing concerns over systemic risk and regulatory gaps. The call adds momentum to Canada’s cautious but growing focus on digital asset oversight.
Source: Yahoo Finance

⚡ Ethereum Fusaka Upgrade Set for December 3

Ethereum developers confirmed that the Fusaka upgrade will launch on December 3, 2025. The upgrade will double blob capacity, enhancing throughput and laying groundwork for greater scalability in the network’s roadmap.
Source: CryptoNews

🌐 Guidance Limits Multi-Issuance Stablecoins to Regulated Jurisdictions

New regulatory guidance recommends that multi-issuance stablecoins only be supported in jurisdictions with equivalent regulatory standards. The move aims to ensure consumer protections and prevent regulatory arbitrage across borders.
Source: Cointelegraph

🚀 XRP Targets $15 on ETF Buzz and Bullish Charts

XRP is making headlines with analysts pointing to an ambitious $15 price target. ETF speculation, combined with bullish technical setups, has fueled optimism that XRP could be among the top beneficiaries of an upcoming wave of institutional products.
Source: CryptoPotato

🏛️ Grayscale Wins Approval for Multi-Crypto ETF

Grayscale has received approval for GDLC, the first-ever multi-crypto ETF bundling Bitcoin, Ethereum, XRP, Solana, and Cardano. The product offers investors diversified exposure to leading digital assets in a regulated investment vehicle.
Source: CCN

🔎 Quick Take

Today’s headlines show a market at the crossroads of policy, innovation, and speculation. With Michigan pushing for a Bitcoin reserve and the Bank of Canada tightening oversight, regulatory clarity is advancing. Meanwhile, Ethereum’s Fusaka upgrade and Grayscale’s multi-crypto ETF approval show that innovation and mainstream adoption continue to accelerate.