washington

Sen. Lummis Reintroduces U.S. Strategic Bitcoin Reserve Bill
Senator Cynthia Lummis has reintroduced her plan to reserve strategic Bitcoin assets, which is in step with President Donald Trump’s plan to make the United States a leader in the digital space. 
The bill, called the BITCOIN Act, was first presented in July last year but didn’t pass. Now, Lummis is trying again with a few changes. 
In a post on X, she said the bill will help strengthen America’s financial position by officially making Bitcoin part of the country’s reserves. 
This comes just days after Trump signed an executive order to establish a Bitcoin reserve using seized digital assets.
The bill proposes that the government purchase up to 1 million Bitcoins in five years, making a rough 5% of all the Bitcoin circulation. These holdings will be under the control of the US Treasury and will be stored under protected and decentralized vaults located around the country. 
The purpose of these bills is to pay for it by savaging existing funds from the Federal reserve and Treasury accounts, so taxpayers won’t have to pay for these bills. It also includes strict audits to ensure transparency and prevent the misuse of funds.
Many republican senators are in favor of the bill, like Jim Justice, Tommy Tuberville, Roger Marshall, Marsha Blackburn, and Bernie Moreno. 
Meanwhile, Republican candidate for the House of Representatives Nick Begich also put forth a similar bill, which further strengthened the support for the idea. 
Senator Tuberville is confident this will help sustain the economy: “Creating a Strategic Bitcoin Reserve is an important step in making sure the United States remains the strongest economy in the world,” Tuberville said in a recent statement. “There’s no reason why we shouldn’t use Bitcoin to pay down our national debt.”
Trump’s executive order on Bitcoin didn’t authorize new purchases but focused on managing Bitcoin assets that law enforcement has already seized. Additionally, Bitcoin prices have not been performing well. It recently dipped below $70,000 before regaining back to $81,748. Many are skeptical about the government investing in such a fluctuating asset.
Lummis has always been a supporter of Bitcoin and wants it to be part of the U.S financial system. If her bill is approved, it could set the stage for more government involvement in cryptocurrency.
#Washington #BitcoinAct #StrategicCryptoReserve

#UkraineRussiaCeasefire

The Proposal: 30 Days of Ceasefire

After seven hours of negotiations, the Ukrainian and American delegations agreed on a plan that calls for an immediate 30-day ceasefire. This is to apply along the current front lines and could, according to the joint statement from both countries, pave the way for a 'lasting peace'. Ukrainian President Volodymyr Zelensky described the initiative as 'positive' and emphasized that it offers a chance to work on a more comprehensive peace agreement. As part of the deal, the US agreed to immediately resume previously halted military support and intelligence sharing with Ukraine.

In the past two weeks, the U.S. Securities and Exchange Commission (SEC) under President Donald Trump has unexpectedly dropped several lawsuits against major blockchain companies. Investigations into OpenSea, Robinhood, and Uniswap have ended, while lawsuits against Binance and Coinbase have also been respectively paused or dismissed. This brings a wave of optimism to the cryptocurrency industry after years of legal pressure. But is this a complete victory for crypto?

While Bitcoin and Solana actively build policy advocacy organizations in Washington D.C., Ethereum – the world's second-largest blockchain – has chosen a different path: No need to show off, still dominating the center of policy discussions about crypto. So, is Ethereum's silent strategy really effective?

2025 – The year that determines the fate of the crypto industry.

Political observers at #Washington all agree: 2025 will be the most important year in the history of the crypto industry in the U.S. Major bills regarding digital assets are rapidly moving through Congress, regulatory agencies are continuously updating policies, and the White House under President Trump's second term has taken more positive steps towards this industry.

The controversy between Bitcoin and Ripple supporters is becoming increasingly tense after the administration of former President Donald Trump issued an executive order on cryptocurrency without mentioning Bitcoin. This raises suspicions that Ripple influenced the decree's content, potentially altering the US's strategic Bitcoin reserve plan entirely.
Conflict Erupts Between Ripple and Bitcoiners

On March 7th, the White House will host a Crypto Summit – the first event in US history that gathers high-level leaders along with major names in the digital asset industry. Notably, President Donald Trump will deliver an important speech at the summit.
An unprecedented major event about cryptocurrency at the White House
According to the official announcement on March 1st, the US government will hold the Crypto Summit at the White House to discuss cryptocurrency policy in the near future.

In a significant development within the blockchain and cryptocurrency landscape, Kristin Smith, the former Executive Director of the Blockchain Association, has announced her departure from the organization. Smith's exit marks the end of an era, as she played a pivotal role in shaping the association's advocacy efforts and promoting the interests of the blockchain industry in Washington D.C. #Washington
A New Chapter: Solana Policy Institute
Smith's departure from the Blockchain Association is not the end of her journey in the blockchain space. Instead, she is embarking on a new venture as the head of the Solana Policy Institute. This new organization aims to promote decentralized networks, with a specific focus on Solana, a fast-growing blockchain platform. #pakistanicrypto
Under Smith's leadership, the Solana Policy Institute is poised to become a leading voice in advocating for policies that support the development and adoption of decentralized technologies. Smith's expertise and experience in navigating the complexities of Washington D.C. will undoubtedly serve the institute well in its mission to promote Solana and other decentralized networks. $SOL
Blockchain Association Seeks New Leadership
The Blockchain Association is now tasked with finding a suitable successor to fill the void left by Smith's departure. The organization's board of directors has commenced a search for a new Executive Director, who will be responsible for leading the association's advocacy efforts and promoting the interests of the blockchain industry.
As the blockchain and cryptocurrency landscape continues to evolve, the Blockchain Association will require a leader who can effectively navigate the complex web of regulatory and policy issues. The new Executive Director will need to possess a deep understanding of the industry, as well as the ability to build and maintain relationships with key stakeholders in Washington D.C. $BNB
A New Era for Blockchain Advocacy
Kristin Smith's departure from the Blockchain Association and her new role at the Solana Policy Institute mark the beginning of a new era for blockchain advocacy. As the industry continues to grow and mature, it will require effective leadership and advocacy to ensure that policymakers understand the benefits and potential of decentralized technologies.
With Smith at the helm of the Solana Policy Institute, the organization is well-positioned to become a leading voice in promoting decentralized networks and advocating for policies that support their development and adoption. As the blockchain and cryptocurrency landscape continues to evolve, one thing is clear: effective advocacy and leadership will be essential in shaping the future of this rapidly growing industry. #MarketSentimentToday

The U.S. Securities and Exchange Commission (SEC) will hold its third panel discussion on crypto custody on April 25, 2025, in #Washington , D.C., marking a notable step in efforts to clarify the legal framework for the digital asset market.

The event is part of the “Spring Sprint Toward Crypto Clarity” campaign – an initiative aimed at accelerating the completion of regulations for the crypto industry in the U.S. This panel discussion brings together senior officials from the SEC, along with representatives from leading crypto companies such as Kraken, Fidelity, and many reputable legal experts.