US President Donald Trump is set to announce a Bitcoin reserve strategy at the White House Crypto Summit, according to Commerce Secretary Howard Lutnick. The summit, scheduled for March 7, will feature key figures from the crypto industry and aims to discuss regulatory clarity and economic opportunities in the sector.Lutnick indicated that Bitcoin would receive special status under Trump’s plans, while other cryptocurrencies would be treated positively but differently. Trump’s recent statements on Truth Social highlighted his intention to elevate the crypto industry after perceived attacks from the Biden Administration.
about Trump to unveil Bitcoin reserve strategy at White House Crypto SummitGemini Group Global Corp.
0 in Finance and 0 in Crypto last weekCFTC and SEC Collaborate on US Crypto Regulation Efforts
The CFTC and SEC are collaborating to enhance crypto regulation in the US, as confirmed by CFTC acting chair Caroline Pham and SEC Commissioner Hester Peirce. They aim to revive the Joint Advisory Committee and emphasize public participation in rulemaking, with the first roundtable scheduled for March 21. This initiative comes amid a shift in the regulatory landscape, including the conclusion of several investigations and lawsuits against major crypto firms.
about CFTC and SEC Collaborate on US Crypto Regulation EffortsSEC Shifts to Industry-Friendly Crypto Regulations with New Framework by 2025
The SEC is shifting towards a more industry-friendly regulatory approach for cryptocurrencies, led by Commissioner Hester Peirce and the new Crypto Task Force. The agency plans to drop many ongoing litigations against major crypto firms and establish a clearer framework for digital assets, with some elements expected to be implemented this year. Peirce emphasizes the need for a balanced approach that protects investors while allowing the crypto industry to innovate.
about SEC Shifts to Industry-Friendly Crypto Regulations with New Framework by 2025Cardano ADA Price Surges Amid Market Revival and Potential Exchange Listing
Cardano (ADA) has experienced significant volatility, surging nearly 20% in the last 24 hours to around $0.93, driven by a revival in the cryptocurrency market and speculation about a potential listing on Gemini. The price spike follows a brief rally after Donald Trump announced plans for a strategic crypto reserve, which includes ADA, although the asset quickly fell below $0.80. Additionally, the anticipation of a spot exchange-traded fund (ETF) in the U.S. could further boost ADA’s value, with over 70% odds of approval before year-end.
about Cardano ADA Price Surges Amid Market Revival and Potential Exchange ListingYuga Labs SEC Investigation Closed Without Charges Marking NFT Industry Milestone
Yuga Labs has announced that the SEC has closed its investigation into the company without any charges, marking a significant victory for the NFT industry. The inquiry, which began in October 2022, sought to determine if Yuga’s NFT offerings violated federal securities laws. This decision reflects a broader shift in the SEC’s approach to cryptocurrency regulation, as the agency has recently suspended investigations into other major crypto firms and restructured its regulatory units.
about Yuga Labs SEC Investigation Closed Without Charges Marking NFT Industry MilestoneSEC Crypto Task Force to Host First Meeting on March 21
The SEC’s crypto task force will hold its inaugural meeting on March 21 from 1 pm to 5 pm at its Washington D.C. headquarters, focusing on creating a regulatory framework for crypto. Commissioner Hester Peirce expressed eagerness to engage with the public during this roundtable discussion.This shift in the SEC’s approach follows the appointment of new leadership, with the agency recently dropping several lawsuits against major crypto platforms like Coinbase and Gemini, signaling a more favorable stance towards the industry.
about SEC Crypto Task Force to Host First Meeting on March 21Trump to Host Crypto Summit with Industry Leaders and Policymakers
On March 7, industry leaders and policymakers will gather at the White House for a crypto summit hosted by President Trump and his AI and crypto czar, David Sacks. The event aims to discuss digital asset policies and a regulatory framework, with notable attendees including Ripple CEO Brad Garlinghouse and other prominent figures from the crypto sector.Trump’s administration has proposed establishing a strategic crypto reserve and banning central bank digital currencies, while some Republican lawmakers are advancing stablecoin legislation. This summit marks a significant gathering of digital asset executives at the White House, amidst ongoing scrutiny from Democratic lawmakers regarding Trump’s memecoin project.
about Trump to Host Crypto Summit with Industry Leaders and PolicymakersMichael Saylor Predicts Bitcoin Market Cap Could Reach 200 Trillion Dollars
Michael Saylor, co-founder of Strategy, predicts Bitcoin’s market cap could soar to $200 trillion, equating to $10 million per BTC, driven by a global capital shift. He supports a proposed U.S. Crypto Strategic Reserve that includes Bitcoin and other cryptocurrencies, emphasizing its potential to alleviate national debt. Saylor remains optimistic about Bitcoin’s long-term gains despite volatility concerns, asserting that holding for four years typically results in profits.
about Michael Saylor Predicts Bitcoin Market Cap Could Reach 200 Trillion DollarsDogecoin and Shiba Inu Prices Plummet Amid Trade War and Market Uncertainty
Dogecoin and Shiba Inu prices have plummeted over 14% and 12%, respectively, driven by concerns over Donald Trump’s tariffs on Canada and Mexico, which have sparked fears of a trade war. Additionally, the pause in military aid to Ukraine and the Federal Reserve’s tightening policies have contributed to market uncertainty, leading to significant sell-offs. The decline in Bitcoin prices, which strongly correlates with these meme coins, further exacerbates the bearish sentiment in the crypto market.
about Dogecoin and Shiba Inu Prices Plummet Amid Trade War and Market UncertaintyCryptocurrency Market Faces Declines Following Trump’s Strategic Reserve Announcement
Dogecoin, Ethereum, and Solana have experienced significant declines, with Ethereum hitting a 15-month low at $2,035, down 11.4% in 24 hours. The downturn follows U.S. President Trump’s announcement of a federal crypto reserve, which has sparked uncertainty and skepticism among investors regarding the inclusion of non-Bitcoin assets. The total cryptocurrency market cap has dropped by 10.7%, reflecting broader market volatility amid macroeconomic concerns, including impending tariffs and falling Treasury yields.
about Cryptocurrency Market Faces Declines Following Trump's Strategic Reserve AnnouncementCrypto Leaders Critique Trump’s Reserve Token Selections Including Ripple and Cardano
Coinbase CEO Brian Armstrong and Gemini co-founders Cameron and Tyler Winklevoss have criticized the inclusion of Solana (SOL), Ripple (XRP), and Cardano (ADA) in the U.S. crypto strategic reserve proposed by President Trump, advocating instead for Bitcoin as the sole reserve asset. They argue that these altcoins are unsuitable due to their centralized control, with Cameron Winklevoss suggesting that only Bitcoin and Ethereum meet the criteria for a store of value. In response, Cardano founder Charles Hoskinson challenged the Winklevoss twins’ standards for reserve assets, highlighting the lack of clarity on their criteria.
about Crypto Leaders Critique Trump's Reserve Token Selections Including Ripple and CardanoDebate Over Bitcoin as US Crypto Reserve Asset Intensifies Among Industry Leaders
CEOs of Coinbase and Gemini advocate for Bitcoin as the sole cryptocurrency suitable for a US Crypto Strategic Reserve, emphasizing its status as a proven store of value. While some support the inclusion of other assets like Ether, they argue that only Bitcoin meets the necessary criteria. Ripple and Cardano executives defend their tokens’ inclusion, highlighting their technology and community strength.
about Debate Over Bitcoin as US Crypto Reserve Asset Intensifies Among Industry Leaders