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Cryptocurrency News Articles
Bitcoin traders have been holding their breath in recent weeks, anticipating further clarity on US President Donald Trump's approach to digital assets.
Mar 26, 2025 at 10:28 pm
Bitcoin traders have been in a holding pattern in recent weeks, anticipating further clarity on US President Donald Trump's approach to digital assets.
Traders have been holding a watchful pattern in anticipation of further clarity on President Donald Trump's approach to digital assets, which could have a significant impact on cryptocurrency markets, especially in terms of the US government’s role in accumulating Bitcoin.
A senior White House official has disclosed that the administration is exploring avenues to integrate the nation's gold reserves in acquiring more of the cryptocurrency, potentially setting the stage for a major market shift, reports Forbes.
"If we actually realise the gains on (the US gold holdings), that would be a budget-neutral way to acquire more Bitcoin," stated Bo Hines, White House Executive Director of the President's Council Of Advisers on Digital Assets, in an interview with the Crypto in America podcast.
Hines added that the Trump administration has been examining multiple strategies and will ultimately choose the one deemed most effective for achieving the president's vision.
Hines further highlighted the Bitcoin Act 2025, introduced by Senator Cynthia Lummis, which proposes purchasing one million Bitcoin, approximately 5% of the total supply, over the years through the sale of Federal Reserve gold certificates to fund the initiative.
The discussion follows President Trump's recent remarks at a digital assets summit, where he reaffirmed his commitment to positioning the US as a global leader in Bitcoin and cryptocurrency.
"It is high time that our president started accumulating assets for the American people, which is what President Trump is doing rather than taking it away," said Hines, referencing an executive order by Trump preventing the sale of seized Bitcoin and other digital assets.
Trump himself touched upon this in a pre-recorded message at a cryptocurrency conference, where he stated, "I will make the US, the undisputed Bitcoin superpower and the crypto capital of the world."
He highlighted how cryptocurrencies, like Bitcoin, can be used to improve banking systems, provide more privacy and security, and ultimately foster greater economic growth.
As macroeconomic conditions, including trade disputes, fiscal uncertainty and geopolitical tensions, continue to influence market trends, analysts are
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- Coinbase Global Inc. (COIN) Scales Up Infrastructure to Support Faster SOL Transactions, Driving Price Surge
- Apr 18, 2025 at 12:30 pm
- SOL/USD sustained its upward momentum Thursday overnight, as cryptocurrency exchange Coinbase Global Inc. COIN scaled up its infrastructure to support faster, smoother SOL transactions.
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