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U.S. investors were the most bearish last week, pulling out $922 million from crypto funds, despite President Trump's executive order.

#policy #people #regulation #donald trump #u.s. policymaking

The HUD has held meetings to discuss the possibility of using crypto and blockchain in some of its operations, ProPublica reported.

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The original bill proposed the state treasurer to invest up to 5% of certain public funds in crypto with a market cap above $500 billion.

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Trump’s crypto policies, including a strategic bitcoin reserve, have marked a shift, but VCs say key regulatory steps are still needed.

#policy #regulation #legal #2024 elections #occ #u.s. policymaking

The U.S. OCC set out to clarify that crypto activities are allowed in the federal banking system, rescinding its previous stance.

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President Trump says he hopes to have stablecoin legislation on his desk by August and calls for an end to Operation Choke Point 2.0.

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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

#policy #sec #regulation #legal #2024 elections #feature #u.s. policymaking

As memecoins' popularity takes off, the SEC stepped in to make it clear that those assets were not securities, sparking support and criticism.

#ethereum #markets #bitcoin #policy #solana #crypto ecosystems #layer 1s #u.s. policymaking #david-sacks

Sacks also said it's possible the federal government could explore lending or staking on the cryptocurrencies it does own.

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President Trump signed an executive order to establish a U.S. Strategic Bitcoin Reserve and Digital Assets Stockpile late Thursday.

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Standard Chartered suggests U.S. could potentially fund the Strategic Bitcoin Reserve in a budget-neutral way by selling gold for bitcoin.

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Warren's letter comes as the President signed an executive order to establish a U.S. Strategic Bitcoin Reserve late Thursday.

#policy #sam bankman-fried #ftx #people #sbf trial #regulation #legal #exchanges #lawsuits #2024 elections #the block #companies #u.s. policymaking

Mark Botnick, who started representing SBF following the FTX collapse, has quit following an unexpected prison interview.

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The US will not sell any Bitcoin deposited into the reserve, and it will be kept as a store of value akin to a digital Fort Knox.

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Crypto executives will meet in Washington DC at a Trump-hosted summit on Friday afternoon.

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The former CEO of FTX once again claimed that he's wrongfully convicted as he apparently tries to make the case for a presidential pardon.

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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

#policy #regulation #2024 elections #u.s. policymaking #david-sacks

Sacks faced scrutiny over potential conflicts of interest but confirmed he sold his crypto assets before joining the Trump administration.

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Sen. Tim Scott released a bill that would block regulations from using reputational risk as a way to supervise banks.

#markets #policy #people #solana #tokens #anatoly yakovenko #token projects #companies #crypto ecosystems #layer 1s #u.s. policymaking

Solana co-founder Anatoly Yakovenko says a U.S. crypto strategic reserve would undermine decentralization, calling for no reserve at all.

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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

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"Trump talks up crypto when he is before crypto investors. Yet we continue to believe this is not a personal priority," said TD Cowen.

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The National Cryptocurrency Association officially launched on Wednesday, aiming to help Americans better understand the industry.

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“The President definitely thinks that there's a Bitcoin strategic reserve,” Lutnick said, "other crypto tokens will be treated differently."

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Bitwise CIO Matt Hougan said the market is "overthinking things" amid the U.S. crypto-reserve fueled Trump pump and slump.

#policy #coinbase #regulation #legal #exchanges #2024 elections #companies #u.s. policymaking #finance firms

Coinbase CEO Brian Armstrong and Strategy founder Michael Saylor, among others, are slated to attend the crypto summit in Washington.

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The addresses were controlled Iranian national Behrouz Parsarad, the alleged administrator of the Nemesis darknet marketplace.

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The U.S. Securities and Exchange Commission agreed to drop its lawsuit against Cumberland DRW LLC, according to the firm.

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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

#policy #congress #regulation #tax #legal #irs #u.s. policymaking

The Senate will vote on whether to overturn a controversial tax rule that requires "custodial brokers" to collect and report user data.