Trump’s Crypto Czar says Bitcoin reserve evaluation, stablecoin legislation top priorities for administrationThe regulatory strides include prioritizing assessment on a US Bitcoin reserve, a stablecoin regulatory framework, and new SEC guidelines for crypto.Happy Wednesday!In today's CryptoSlate daily newsletter, we delve into significant regulatory developments in the cryptocurrency space. Trump’s Crypto Czar has identified the evaluation of a US Bitcoin reserve and the establishment of a stablecoin regulatory framework as top priorities for the administration, signaling a potential shift in policy direction. Meanwhile, activity on the XRP Ledger has resumed following a second outage in just three months, raising questions about system reliability. Additionally, FTX is set to begin distributing full reimbursements to small creditors on February 18 as part of its bankruptcy process, marking a crucial step toward settling outstanding claims. Stay tuned for more insights on these pivotal issues! 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $3.23 trillion, with a 24-hour volume of $153.91 billion. The price of Bitcoin is $98,411.02, and BTC market dominance is 60.3%. The price of Ethereum is $2,782.79, and ETH market dominance is 10.4%. The best-performing sector is Agriculture, which gained 10%. The Crypto Fear & Greed Index is currently Neutral (54). 📰 Top NewsTrump’s Crypto Czar says Bitcoin reserve evaluation, stablecoin legislation top priorities for administrationThe regulatory strides include prioritizing assessment on a US Bitcoin reserve, a stablecoin regulatory framework, and new SEC guidelines for crypto. XRP Ledger resumes activity after second outage in three monthsWhile the exact cause remains unknown, early observations indicate that validators stopped publishing confirmations despite the consensus mechanism running as expected. FTX to begin payout distributions for small creditors on Feb. 18, large claims remain pendingSmall creditors to see 100% reimbursement as FTX begins fund distribution amid bankruptcy settlement. 📈 Latest Insights
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Wednesday, February 5, 2025
Trump’s Crypto Czar says Bitcoin reserve evaluation, stablecoin legislation top priorities for administration
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