The Treasury will begin extraordinary measures, potentially draining the TGA account in a positive development for risk assets, including BTC.
Options continue to show a bias for BTC relative to ETH despite Trump bypassing any mention of strategic bitcoin reserve in his inaugural speech on Monday.
President Donald Trump has elevated Republican Commissioner Mark Uyeda to take over the SEC from a now-departed Gary Gensler.
"I don't know how borrowing money to buy bitcoin helps on any of Trump's platforms," Hayes said.
The ether allocation comes amidst leadership changes aimed at improving technical expertise, communication, and support for app builders.
Donald Trump did not mention crypto during his inauguration speech, leaving crypto traders' heightened expectations somewhat unfulfilled.
On-chain veri shows that wallets likely controlled by members of Trump’s entourage have absurd paper holdings.
The president has promised — and seems intent on delivering — policies embracing what possibly could become transformative technology.
The Republican commissioner and former Citibank executive has a deep background in crypto and has worked on digital assets policy aims at the agency.
The buying frenzy came after WLFI token sales picked up ahead of Donald Trump's inauguration.