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White House Crypto Policy: Key Developments & Data
Timeline of Actions
Jan 23, 2025: EO directs agencies to rescind restrictive crypto guidance and establish a digital asset working group.
Mar 6, 2025: EO creates Strategic Bitcoin Reserve (using seized assets) and Digital Asset Stockpile (multi-token holdings).
Mar 7, 2025: OCC rescinds crypto restrictions via Letter 1183, freeing banks to engage in crypto activities.
Mar 25, 2025: Proposal to fund Bitcoin purchases via gold reserve profits surfaces.
đ Current Holdings
207,000+ Bitcoin (~$17B as of Mar 15) held by U.S. agencies.
Reserve Composition: Bitcoin-only holdings from forfeitures; no sales permitted.
Stockpile Tokens: Bitcoin, Ethereum, XRP, Solana, Cardano.
đ Legislative Push
Bitcoin Act of 2025: Proposes buying 1M Bitcoin (5% of supply) over 5 years via gold certificate sales.
Stablecoin Bill: White House urges congressional passage by August 2025 to bolster USD dominance.
đ Regulatory Shifts
OCC Letter 1183: Removes pre-approval requirements for banksâ crypto activities.
Framework Deadline: July 22, 2025, for proposed digital asset regulations.
đ Market Impact
Price Surge: Crypto rebounded post-Trumpâs Mar 4 announcement of multi-token reserve.
Global Response: Canada announces crypto business support measures amid U.S. policy shifts.
â ď¸ Controversies
Gold Reserve Plan: Critics question ethics of using gold profits for Bitcoin buys.
Token Selection: Skepticism over inclusion of XRP, Solana, Cardano in stockpile.
(Sources: DLA Piper, Reuters, Al Jazeera, White House, Economic Times)
#cryptocurreny #USTreasuryDepart #USCRYPTORESERVES #Cardano
$XRP
$SOL
$ETH
Timeline of Actions
Jan 23, 2025: EO directs agencies to rescind restrictive crypto guidance and establish a digital asset working group.
Mar 6, 2025: EO creates Strategic Bitcoin Reserve (using seized assets) and Digital Asset Stockpile (multi-token holdings).
Mar 7, 2025: OCC rescinds crypto restrictions via Letter 1183, freeing banks to engage in crypto activities.
Mar 25, 2025: Proposal to fund Bitcoin purchases via gold reserve profits surfaces.
đ Current Holdings
207,000+ Bitcoin (~$17B as of Mar 15) held by U.S. agencies.
Reserve Composition: Bitcoin-only holdings from forfeitures; no sales permitted.
Stockpile Tokens: Bitcoin, Ethereum, XRP, Solana, Cardano.
đ Legislative Push
Bitcoin Act of 2025: Proposes buying 1M Bitcoin (5% of supply) over 5 years via gold certificate sales.
Stablecoin Bill: White House urges congressional passage by August 2025 to bolster USD dominance.
đ Regulatory Shifts
OCC Letter 1183: Removes pre-approval requirements for banksâ crypto activities.
Framework Deadline: July 22, 2025, for proposed digital asset regulations.
đ Market Impact
Price Surge: Crypto rebounded post-Trumpâs Mar 4 announcement of multi-token reserve.
Global Response: Canada announces crypto business support measures amid U.S. policy shifts.
â ď¸ Controversies
Gold Reserve Plan: Critics question ethics of using gold profits for Bitcoin buys.
Token Selection: Skepticism over inclusion of XRP, Solana, Cardano in stockpile.
(Sources: DLA Piper, Reuters, Al Jazeera, White House, Economic Times)
#cryptocurreny #USTreasuryDepart #USCRYPTORESERVES #Cardano
$XRP
$SOL
$ETH
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SCANDAL AROUND D.O.G.E
Elon Musk and D.O.G.E. denied access to US Treasury Department systems
A federal judge has officially restricted Elon Musk and his Department of Government Efficiency (D.O.G.E.) from accessing the U.S. Treasury Department's payment system.
Court decision and prerequisites
Judge Colin Collar-Cotelli made the ruling after Musk argued that his team was working to eliminate what he described as wasteful government spending. The U.S. Treasury, which processes trillions of dollars in transactions including Social Security and Medicare payments, has been a focal point for Musk's claims that those payments are negatively impacting the federal budget.
A federal judge has officially restricted Elon Musk and his Department of Government Efficiency (D.O.G.E.) from accessing the U.S. Treasury Department's payment system.
Court decision and prerequisites
Judge Colin Collar-Cotelli made the ruling after Musk argued that his team was working to eliminate what he described as wasteful government spending. The U.S. Treasury, which processes trillions of dollars in transactions including Social Security and Medicare payments, has been a focal point for Musk's claims that those payments are negatively impacting the federal budget.
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