The Federal Reserve could issue debt or sell some of its gold reserves to fund purchases of BTC, the report said.
Alexander Vinnik previously pled guilty to conspiracy to commit money laundering.
As crypto firms and their new government allies rail against U.S. regulators for chasing them out of banking, Powell says such tales are a worry he’ll address.
Kraken, which was forced to shutter its staking products in early 2023 thanks to the SEC, has re-introduced on-chain staking for U.S. clients in 39 state territories.
Wintermute has launched a CFD tied to the GMUSA index, providing an easier way for traders to bet on the U.S. strategic crypto reserve.
KuCoin was used to launder billions in proceeds from darknet markets, malware, ransomware and fraud schemes, U.S. Attorney Danielle R. Sassoon said in a statement.
The new Treasury Department chief didn’t bring up crypto policy at his nomination hearing, but he’ll have enormous reach into topics vital to the industry.
Much of the concern draws from a possible overvaluation in U.S. tech companies as DeepSeek’s latest AI model is significantly cheaper to produce and was built using open-source technology that is easy to access.
Crypto investors have high hopes for the incoming administration, including potential digital asset-focused executive orders that could add fuel to the rally.
Senator Cynthia Lummis, set to lead the Senate Banking Committee’s digital assets panel, went after the sale of U.S. bitcoin holdings and FDIC debanking.
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