On Wednesday, Illinois Republican John Cabello introduced a new bill to create a strategic bitcoin reserve through the state treasury, joining at least six other U.S. states exploring the option.

Reversal of SAB 121 allows banks to offer Bitcoin-backed loans, making it easier for holders to access capital without selling their assets, says BitLab Director Kelly Kellam.

Shares of Mastercard were rising after the credit-card company easily beat Wall Street’s quarterly estimates for earnings and revenue. Mastercard stock gained 4.9% to $575.90 in Thursday trading, on ...