White House “Crypto Czar” David Sacks said the market is “reading a little bit too much” into President Donald Trump’s mention of Solana (SOL), Cardano (ADA), and XRP for the US Digital Asset Stockpile. During an interview with Bloomberg Technology, Sacks said: “The President just mentioned the top five cryptocurrencies by market cap. So I […]
Congressman French Hill back’s Trump’s Bitcoin reserve order, calls for federal crypto legislation
House Financial Services Committee Chairman French Hill expressed support for President Donald Trump’s executive order to establish a Strategic Bitcoin (BTC) Reserve and a digital asset stockpile. In a statement released by the Financial Services GOP X account on March 7, Hill said the move indicates Trump’s commitment to maintaining US leadership in digital assets […]
Elizabeth Warren questions Crypto Czar David Sacks’ cryptocurrency profits amid market swings
Senator Elizabeth Warren has called for greater transparency in David Sacks‘ role as Donald Trump administration’s crypto and artificial intelligence advisor. In a March 6 letter, Warren urged Sacks to prove that he is not personally profiting from policies that favor select digital assets, weaken regulatory oversight, and ease enforcement actions against the crypto industry. Warren stressed […]
New strategic reserve changes Bitcoin’s status and puts pressure on IMF to legitimize holding
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Bitwise enters DeFi through institutional allocation with Maple Finance
Bitwise has taken a significant step into DeFi with its first institutional allocation through Maple Finance. This initiative will allow Bitwise to access on-chain credit while maintaining compliance with institutional regulatory standards on Maple’s platform. The firm, which manages over $12 billion in client assets, announced the move in a statement shared with CryptoSlate on March […]
Critical Bitcoin price levels to watch ahead of White House crypto summit Friday
Bitcoin has bounced off the top of a key range as it looks to recover from the global trade war shock this weekend. The colored channels in the 30-minute chart below have consistently affected Bitcoin’s price over the past 14 months. The current purple channel ranges from $93.7k to $85.7k, with the top of the […]
CFTC and SEC confirm joint effort to tackle crypto regulation
Commodity Futures Trading Commission (CFTC) acting chair Caroline Pham revealed that the regulator is cooperating closely with the US Securities and Exchange Commission (SEC) on crypto-related matters. Pham made the statement during the Milken Institute’s “Future of Fintech Symposium, Fox Business’ Eleanor Terrett reported. Pham said: “We have restarted conversations at the staff level between […]
Donald Trump to reportedly unveil Bitcoin reserve strategy at White House crypto summit
US President Donald Trump is reportedly preparing to unveil the Bitcoin Reserve Strategy at the upcoming White House Crypto Summit on March 7, according to The Pavlovic Report. According to the report, Commerce Secretary Howard Lutnick confirmed that President Trump will outline his vision for the crypto industry during the event. His address will include […]
El Salvador buying or mining more Bitcoin could cost country $3.5 billion in IMF funding
The International Monetary Fund (IMF) has approved a new 40-month arrangement under the Extended Fund Facility (EFF) for El Salvador, providing access to approximately $1.4 billion to boost the country’s growth prospects and address macroeconomic imbalances. A new report published on March 3 follows El Salvador’s undertaking of significant policy reforms, including restrictions on its […]
SEC concludes Yuga Labs, Bored Ape Yacht Club investigation with no charges
The US Securities and Exchange Commission has officially closed its investigation into Yuga Labs, the company behind the Bored Ape Yacht Club and CyberPunks NFT collections. The regulator does not intend to take any further enforcement actions and did not issue any charges against the firm. In a social media post on March 3, Yuga […]