CryptoReserve

The administration of President Donald Trump has seen a shift in its crypto policy leadership. Patrick Witt has been appointed as the new White House advisor on digital assets, taking over from Bo Hines. His main task is to finalize comprehensive U.S. crypto legislation and push for the implementation of a new stablecoin law.

Successor to David Sacks and Bo Hines
Witt operates under the guidance of the administration’s “crypto czar,” David Sacks, and is now the White House’s primary point of contact for crypto policy. Hines, who only served briefly, later joined Tether. Although he witnessed Congress turning its stablecoin efforts into law and attended the White House signing ceremony, he soon departed, leaving Witt with an extensive agenda.
“There’s no slowdown here,” Witt said, having been elevated to the role last month – just two weeks after the administration released its sweeping strategy report on U.S. crypto policy. “We’re keeping the momentum, pushing forward on legislative initiatives and interagency actions outlined in the report.”

Witt’s Three Main Priorities
In his first interview since taking office, Witt identified three top priorities:
🔹 Senate market structure legislation – regarded as a crucial step toward clear rules for the crypto industry

🔹 Implementation of the stablecoin law (GENIUS Act) – rapid rollout is seen as proof of U.S. leadership in innovation

🔹 Creation of a federal crypto reserve – a new fund to hold government-controlled cryptocurrencies, primarily seized Bitcoin
Witt said the latest Senate draft of the market structure bill shows “significant improvements” and has the potential to attract bipartisan support. Reaching the 60-vote threshold in the Senate will require buy-in from several Democrats.

Pressure on Congress and Conflict-of-Interest Concerns
Although the administration missed Trump’s original August deadline, Witt stressed that the White House “is still applying pressure.” His office is in regular contact with both the Senate Banking Committee and the Agriculture Committee, which must complete their versions before a final Senate vote can take place.
Democrats have voiced concerns about President Trump’s personal stake in the sector, citing billions in income, investment gains, and equity shares. Witt dismissed these claims: “This is a victory for America, not for any individual.”

Strategic Bitcoin Reserve
Trump’s administration is also advancing plans to create a strategic Bitcoin reserve that would hold over 112,796 BTC seized by the government as a long-term investment. The Treasury Department is exploring how to build reserves for Bitcoin as well as separate reserves for other cryptocurrencies.
“This is our absolute top priority,” Witt said. He acknowledged that the effort raises complex legal questions but stressed the goal of securing Congressional approval to give the reserve a solid legislative foundation.

Witt Brings Policy and Business Experience
Unlike Hines, Witt comes with extensive experience in politics and executive roles. He worked at McKinsey & Co., served in the Office of Personnel Management during Trump’s first term, and later worked at the Department of Defense as Deputy Assistant Secretary. He believes this background will help him coordinate with regulators to implement the stablecoin framework signed into law by Trump.

“GENIUS Was Only the Beginning”
Witt emphasized that the GENIUS Act was an important milestone but only covers a small fraction of the market. “It addresses maybe 20% of the ecosystem. The market structure bill is the big one – it covers the remaining 80%. This is huge, and we have to get it done,” Witt said.

#Stablecoins , #CryptoReserve , #bitcoin , #GENIUSAct , #CryptoNews

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Kazakhstan is accelerating its digital finance ambitions with plans to establish a state-backed crypto reserve and pass a digital asset law by 2026. President Kassym-Jomart Tokayev announced the initiative during his annual address on Monday, outlining a roadmap that positions the country as a regional leader in blockchain adoption.
Tokayev Orders Creation of Digital Asset Fund
Tokayev directed the National Bank’s investment corporation to establish a State Digital Asset Fund that will accumulate a strategic reserve of cryptocurrencies and tokenized assets. The president emphasized that Kazakhstan must “create a full-fledged ecosystem of digital assets as soon as possible,” urging lawmakers to finalize the upcoming digital asset law.
According to Akorda Press, Tokayev said the fund would focus on the most promising assets within the emerging digital financial system. He added, “Given the current realities, we must focus on crypto-assets. A State Digital Asset Fund should be established under the National Bank’s investment corporation.”
Crypto commentator Mario Nawfal reacted on X, writing, “THE SNOWBALL EFFECT IS REAL,” underscoring the global interest in Kazakhstan’s ambitious crypto push.
Expanding the Digital Tenge and CryptoCity Vision
Kazakhstan has already made strides with its digital tenge, which entered pilot use in November 2023. By mid-2025, the CBDC was integrated into public budgets through the National Fund. Tokayev pledged to expand its role nationally, making it a key pillar of financial modernization.
As part of the vision, Tokayev announced the creation of a “CryptoCity” in Alatau, a southeastern hub of about 52,000 residents. The city will be the first fully digitalized city in the region, where crypto payments can be used for everyday transactions. Tokayev described CryptoCity as a model that merges “technological progress and the most favorable living conditions.”
Kazakhstan’s Bitcoin ETF and Mining Hub Status
Kazakhstan continues to strengthen its position as a regional crypto hub. In August, Fonte Capital launched Central Asia’s first spot Bitcoin ETF on the Astana International Exchange, with BitGo serving as custodian.
The country has also been a major player in Bitcoin mining, once responsible for 13% of global hashrate due to cheap electricity and favorable regulations. However, the rapid expansion strained Kazakhstan’s power grid and led to a surge in illegal mining operations.
With a crypto reserve, a national digital asset framework, and projects like CryptoCity, Kazakhstan is positioning itself as a leader in the global digital economy.
The post appeared first on CryptosNewss.com
#Kazakhstan #CryptoReserve $BTC

President Donald Trump has unveiled plans to establish a Crypto Strategic Reserve to bolster the United States' position in the digital asset landscape. This initiative seeks to diversify the nation's reserves by incorporating leading cryptocurrencies such as Bitcoin and Ethereum. Here's an overview of what this means for the crypto market and investors.
Key Highlights of the Crypto Strategic Reserve
Inclusion of Major Cryptocurrencies: The reserve is set to encompass prominent digital assets, including:Bitcoin (BTC): The pioneering cryptocurrency with a market cap exceeding $1.8 trillion.Ethereum (ETH): A decentralized platform known for its smart contract functionality, boasting a market cap of over $283 billion.Diversification with Other Tokens: Beyond Bitcoin and Ethereum, the reserve plans to incorporate:XRP: Renowned for facilitating swift, low-cost cross-border transactions.Solana (SOL): Recognized for its scalability and rapid transaction speeds.Cardano (ADA): Emphasized for its research-driven approach to blockchain technology.Strategic Objectives: This move aims to:Solidify the U.S.'s Leadership: Position the nation at the forefront of the global cryptocurrency industry.Stabilize the Economy: Leverage digital assets to enhance economic resilience and manage exchange rates.
Immediate Market Reactions
Surge in Crypto Prices: Major cryptocurrencies experienced a brief price rally following the announcement.Market Correction: The initial surge was short-lived, with prices stabilizing to pre-announcement levels by the afternoon.
Implications for Investors
Increased Legitimacy: The U.S. government's endorsement may boost confidence in digital assets.Market Volatility: Investors should remain cautious, as the crypto market is known for its rapid fluctuations.Policy Developments: Ongoing regulatory changes could influence investment strategies and market dynamics.
#CryptoReserve #Bitcoin #Ethereum

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📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.

On March 8, 2025, the <t-10/>#TrumpCryptoSummit dominates conversations on social media, accumulating 90.6 thousand discussions and consolidating as the main crypto event of the moment. The focus is on the recent proposal from the Trump government, announced in January and detailed this week, to create a 'Strategic Crypto Reserve' and a 'U.S. Digital Asset Stockpile.' This initiative, which uses cryptocurrencies confiscated by the government – including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) – at no cost to taxpayers, aims to position the United States as the 'global crypto capital.' The government plans to store these assets in a strategic fund, signaling unprecedented institutional adoption. Despite the current volatility in the market, with Bitcoin registering a decline of 3.61% and Ethereum falling 2.26%, the news has brought optimism to long-term investors.

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Next Big Move:

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#UkraineRussiaCeasefire #AltcoinETFsPostponed #Write2Earn #TRUMP #CryptoReserve