US government sends $288M to Coinbase putting Bitcoin reserve rules into question
The transfer shows US government-owned crypto movement, leaving legal status and execution records to determine whether the promise holds.
Follow crypto politics news, campaign positions, lobbying efforts, policy power plays, and the political forces shaping digital assets.
The CLARITY Act still faces unresolved ethics provisions, a difficult vote count and a shrinking congressional calendar.
BTC fell below $63,000 after new U.S. strikes as oil, the dollar and yields rose and equity futures retreated.
American Bitcoin is betting that mining and accumulating BTC will support its valuation, even as a 1-for-15 reverse split seeks to keep its shares compliant with Nasdaq’s minimum bid-price requirement.
A president linked to branded tokens and crypto ventures creates an ethics problem with a much shorter fuse than most older business conflicts.
SEC's July agenda could give issuers, broker-dealers and trading venues a formal process before Congress settles market structure.
The Executive Council voted 3-2 against the proposal, halting a structure that would have moved BTC collateral from credit design into a state-linked approval process.