US President Trump announced on March 2, 2025 that he is considering including five cryptocurrencies in the US new cryptocurrency strategic reserve. This news triggered a significant rise in the cryptocurrency market. According to US media, during the 2024 US presidential election, Trump gained support from the cryptocurrency industry and quickly took action to support its development. In recent weeks, Trump and his wife Melania have been accused of attempting to profit from White House policies by launching their own exclusive cryptocurrency. Here is a summary and discussion of various messages: 1. Cryptocurrencies included in reserves Trump announced on his social media platform "Truth Social" that he plans to include the following five cryptocurrencies in his strategic reserves: Bitcoin (BTC)...
As is well known, many government departments around the world are crazily storing Bitcoin in 2025! Especially in the United States, the Federal Reserve Act on Bitcoin is still in its early stages of review and discussion by committees, but multiple states have already launched a cryptocurrency reserve race of 'you fight me, you chase me' Arizona and Utah, which have made the fastest progress, have entered the Senate review process: From a timeline perspective, the action is still very fast, taking Utah as an example: the bill was only submitted on January 15, 2025. Less than a month later, it was voted through on February 6th. According to this progress, maybe the Senate can pass it next month....
How recognized is crypto currency from a global perspective? There are as many as 119 countries and regions that have legalized cryptocurrencies, which means that more than half of the countries in the world have legalized cryptocurrencies. Definition of Legalization of Cryptocurrencies: Legal status: Cryptocurrencies are officially recognized by the government and are legally given a status similar to traditional currencies or other financial assets.Legal framework: The government sets clear legal rules and standards for activities such as the trading, use, and mining of cryptocurrencies.Regulatory guidance: The government has set up a special regulatory body or department to regulate the cryptocurrency market and ensure its compliance and stability. Features of Cryptocurrency Legalization: Clarity: Legalization allows for a clear legal definition...
Recently, the US Department of Justice announced approval to sell 69370 bitcoins, worth approximately $6.5 billion, seized from the dark web marketplace Silk Road. This decision has aroused widespread concern and discussion in the market, especially in the context of the upcoming re appointment of President elect Trump. Trump made it clear during the election campaign that the government would establish a "Bitcoin reserve" and promised to "never sell" the seized Bitcoin. Therefore, this ruling not only involves fluctuations in the cryptocurrency market, but also relates to future government cryptocurrency policies. The "Bitcoin Strategic Reserve Act" has gained bipartisan consensus and supports the purchase of 1 million bitcoins with federal funds The US Department of Justice (DOJ) obtained...
Cryptocurrency powers hold legislative power, but the Federal Reserve remains a hindrance According to reports, the Senate Banking Committee is preparing to announce the establishment of the first subcommittee specifically responsible for digital assets. The Republican Party currently controls the Senate and House of Representatives, and Trump will begin his second term under the leadership of a unified government. Therefore, the Republican Party's control over both houses has opened up a clearer path for the passage of cryptocurrency friendly legislation. Based on previous efforts, the subcommittee may focus on stablecoins. Its goal is to create a regulatory framework that supports the development of the industry while managing potential risks. Senator Tim Scott prioritized the cryptocurrency subcommittee and appointed Cynthia Lummis...
