Features Crypto News by Thebittimes.Com

Donald Trump has embraced the cryptocurrency ecosystem this term, launching multiple projects, promising a bitcoin reserve and a digital asset stockpile, and voicing his support for legislation moving through the House and the Senate. At a press conference hosted by “Crypto Czar” David Sacks, several legislators voiced their intention to advance multiple pieces of legislation, specifically noting their confidence that they would be able to pass out of both the House and the Senate within the first 100 days of the term.  Despite Trump’s promises to support both the traditional market and the crypto market, both have performed worse early in this term than in his first term .  Read more: Ethereum down 33% since Eric Trump suggested it was a ‘great time’ to buy When Trump came into office in 2017, bitcoin (BTC) was worth less than $900. By the time he left office, it ended up appreciating to over $30,000. The first 100 days alone saw it ...

The landscape of the digital asset industry is changing and is changing rapidly. Moreover, those shifts have seen a growing likelihood that financial services entities will enter the evolving cryptocurrency market. That was confirmed this week by Bank of America CEO Brian Moynihan, who recently said they are preparing to launch their own USD-pegged crypto stablecoin. Speaking to Dave Rubenstein, Moynihan said, “It’s pretty clear there’s going to be a stablecoin.” Moreover, he discussed the stablecoin market, noting their function makes the asset similar to any “money market fund with check access or a bank account.” "It's pretty clear there's going to be a stablecoin, which is going to be a fully dollar-backed… it’s no different than a bank account," says Bank of America CEO Brian Moynihan. Watch this episode of Peer-to-Peer with David Rubenstein March 12th https://t.co/gHGN19L3VX pic.twitter.com/rhVDtwT8uQ — Bloomberg TV (@BloombergTV) February...

The last year has represented a massive shift in perspective for the cryptocurrency market in the United States. Further evidence of that fact has come to light Friday as the State of Wisconsin Investment Board reported more than $321 million in BlackRock’s iShare’s Bitcoin Trust (IBIT) ETF, according to a recent SEC filing. The filing represents yet another entity that has invested in the leading cryptocurrency through SEC-approved investment vehicles. Moreover, just a day earlier, Goldman Sachs increased its position in the BTC ETFs, revealing their $1.27 billion position in the product. JUST IN: State of Wisconsin Investment Board discloses $321 million Bitcoin ETF holdings. — Watcher.Guru (@WatcherGuru) February 14, 2025 Also Read: SEC Crypto Task Force Talks Integrating Staking into ETPs Wisoncsion Reports $321 million BlackRock Bitcoin ETF Holdings Throughout 2024, the cryptocurrency market underwent a massive shift. It culminated in the leading crypto reaching a six-...

A new bill aimed at establishing a strategic Bitcoin reserve was introduced to the Oklahoma House of Representatives on January 15. This move reflects similar initiatives in several other US states. Oklahoma Representative Cody Maynard has introduced the bill to establish a strategic Bitcoin reserve, enabling the state to invest in cryptocurrencies. House Bill 1203, also called the Strategic Bitcoin Reserve Act, would allow Oklahoma’s pension funds and state savings accounts to allocate a portion of their assets to Bitcoin as a hedge against inflation. “Bitcoin represents freedom from bureaucrats printing away our purchasing power,” Maynard said. He highlighted the advantage of Bitcoin as a decentralized form of money, and as such, cannot be controlled or created by government entities: “It is the ultimate store of value for those who believe in financial freedom and sound money principles.” 🔥 NEW: Representative Cody Maynard introduces the S...

The Bitcoin Freedom Act lets Oklahomans accept their wages in Bitcoin Oklahoma State Senator Deevers said Washington is “ruining the US dollar” The Bitcoin Freedom Act is eligible for consideration in the 60th legislative session beginning on February 3 Oklahoma State Senator Dusty Deevers has filed legislation allowing employees to receive wages in Bitcoin and businesses to accept Bitcoin payments. Introducing the Bitcoin Freedom Act, Deevers said: “In a time when inflation is eroding the purchasing power of hard-working Oklahomans, Bitcoin provides a unique opportunity to protect earnings and investments.” Deevers continued: “As Bitcoin continues to rise and the value of the dollar continues to be printed away in Washington D.C., Oklahoma must act to protect our people.” The bill, known as SB325, states under section 4 that: “Any employee of this state, business, corporation, other entity, and resident of this sta...

The soon-to-retire senator introduced the new stablecoin bill only a few weeks before the end of the 117th US congressional session. Republican Senator Pat Toomey, who is set to retire from U.S. Congress at the end of the term, has used one of his last few weeks in office to introduce a new stablecoin bill, aimed at creating a regulatory framework for “payment stablecoins.” Toomey — who also serves as the Ranking Member of the U.S. Banking Committee — said the Dec. 21 bill, called the Stablecoin TRUST Act of 2022 would serve as a framework for stablecoin regulation for his fellow senators who are looking to push out stablecoin legislation in 2023. In a statement, the senator called stablecoins an “exciting technological development that could transform money and payments,” adding: “By digitizing the U.S. dollar and making it available on a global, instant, and nearly cost-free basis, stablecoins could be widely used across the physical economy in a variety of ways.” If passed by Cong...