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NEW: ๐บ๐ธ White House A.I. & Crypto Czar @DavidSacks updates on the GENIUS Act for stablecoin regulation during the Coinbase State of Crypto Summit. ๐
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๐จ President Trump called himself the โfirst crypto presidentโ at the Coinbase Summit. ๐บ๐ธ โข Highlighted the US Strategic Bitcoin Reserve โข Pushed GENIUS Act for stablecoins. โข Showcased Paul Atkins as SEC chair for crypto reform.
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NEW: Coinbase CEO Brian Armstrong ๐ฝ๏ธ: "It could actually end up that #Bitcoin is the new reserve currency of the world." ๐
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๐ A recent ECB report shows gold has become the 2nd-largest asset held by central banks, surpassing the euro! ๐ช๐บ Gold now represents 19.6% of reserves, while the euro is at 15.9%. The U.S. dollar's share has dropped to 46.5%. What do you think of this shift? Let us know!
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๐บ๐ธ President Trump spoke during the Coinbase State of Crypto Summit. Trump highlighted the administration's plan to "Create a clear and simple market framework that will allow America to dominate the future of crypto and #Bitcoin.'"
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