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U.S. Government to Disclose Bitcoin Holdings Following Presidential Directive The U.S. Treasury and other federal agencies are set to reveal their holdings of Bitcoin and other cryptocurrencies on April 5, following a recent directive from U.S. President Donald Trump. The announcement will clarify whether digital assets like XRP, SOL, and ADA will be included in the national digital asset reserves. David Bailey, CEO of BTC Inc, suggests that the audit results may explain recent Bitcoin price movements. $BTC $XRP $SOL #ADA
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A Missouri bill proposes establishing a Bitcoin reserve fund for state investments House Bill 1217 would create a Bitcoin reserve fund, letting the state treasurer buy, hold, and accept Bitcoin donations. If passed, all government offices in Missouri must accept cryptocurrency for taxes, fees, and fines, with payers covering transaction fees. Bitcoin collected cannot be sold for five years. Utah has passed a similar bill, and at least 16 other states, including Arizona and Wyoming, are considering cryptocurrency investments. Missouriโs Plan to Create a Bitcoin Reserve Fund A new bill introduced by Representative Ben Keathley moves Missouri a step closer to adopting Bitcoin. House Bill 1217 creates the opportunity for a bitcoin reserve fund for the state so that it can invest in bitcoin as part of its financial strategy. The idea is that the usage of bitcoins will protect the stateโs investment from inflation, ensuring more diversification in investments. If the bill gets passed, it will allow the Missouri state treasurer to buy, hold, and manage Bitcoin. The bill further allows the state to accept donations in Bitcoin by residents and governmental entities to further grow the reserve. #BTC #memecoin๐๐๐ $PEPE
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Bybit, the worldโs second-largest crypto exchange by trading volume, was given a 9.27 crore rupees fine ($1.06 million) by Indiaโs Financial Intelligence Unit (FIU),ย accordingย to a press release from the Indian Ministry of Finance. The fine was imposed for allegedly violating the Prevention of Money Laundering Act (PMLA), according to official documents published on Jan. 31, $PEPE $PHA $BTC
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Kraken delists USDT and other stablecoins Under EU MiCA Kraken will remove Tetherโs USDT and four other stablecoins from its European market to comply with the upcoming Markets in Crypto-Assets (MiCA) regulations. The delisting will happen in stages, with complete removal set for March 31, 2025. Along with USDT, the affected stablecoins include PayPal USD, Euro Tether, TrueUSD, and TerraClassicUSD. The process will begin on February 13, when margin pairs for these assets will be set to โreduce-onlyโ mode. Allowing European users to close existing positions but not open new ones. By February 27, trading will be limited to โsell-onlyโ mode, preventing users from generating new deposit addresses for these stablecoins. Spot trading for these assets will be halted on March 24, and any remaining holdings will be converted into a different stablecoin by March 31. ESMA has asked crypto exchanges to withdraw non-compliant stablecoins from their platforms step by step in order not to cause market disturbance. Other large exchanges, including Crypto.com and Coinbase, have begun delisting USDT and other similar assets $PHA $PEPE
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