digital

The guest list for the White House Crypto Summit has been released, and prominent industry leaders are among them. The list continues to grow as the event approaches, drawing attention to the administration's approach to discussing digital assets.

: As of this morning, official invitations to Friday's White House Crypto Summit had not yet been sent out.
two people close to the process Sources say the invite list is smaller than previously expected and will include industry heavyweights such as @saylorthe Crypto Summit will be held at the White House in a roundtable format with key members of the President's #Digital Assets Working Group. Due to this structured setting, the number of industry representatives invited will be more limited.
Terrett said that the executive director of the President's Digital Asset Advisory Committee, Bo Hynes, and the head of the White House Office of Artificial Intelligence and #Cryptocurrency The list of cryptocurrency executives and government officials whose participation has been confirmed so far is as follows.
I've said it before - the crypto industry will achieve our goals (and more) IF WE WORK UNITED. I appreciate cryptocurrency president @realDonaldTrump's vision of a government stockpile of digital assets representing reflation.
The summit plans are subject to change, and final details are reportedly still being finalized in the days leading up to the cryptocurrency summit. {
won't there be a cryptocurrency summit?
Despite the growing list of prominent cryptocurrency leaders who will attend the event, several key figures have yet to confirm their participation. Among them are Cardano founder Charles Hoskinson, #Solana founder Anatoly Yakovenko and #Ethereum co-founder Vitalik Buterin, but it is still unclear whether they have received invitations or have simply not confirmed their participation.
additionally, Teret has also been invited to the roundtable. For those who were not invited, an invitation-only reception will be held outside the White House, the report said.
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#CompassInvestments

The Trump administration's decision not to create a bitcoin reserve has surprised some, including bitcoin critic Peter Schiff.

I understand the implications of creating a #bitcoin reserve, Schiff wrote. I don't agree with him, but I understand. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let's create bitcoin reserves as well.
But what is the point of the XRP reserve? Why do we need it?
Meanwhile, Jeff Park, head of alpha strategy at Bitwise, said that Trump's underestimation of how important it is to have a bitcoin-only strategic reserve is a huge political miscalculation.
the only crypto asset that makes logical sense to use as part of the country's strategic reserve is bitcoin.
Nick Neumann, CEO of Casa
An endless amount of #digital assets, especially with zero utility, is not fit for purpose.
Pierre Rochard, vice president of research at bitcoin mining company Riot Platforms, also believes that cryptocurrencies' strategic reserves are naturally bitcoin-only because #altcoins have zero utility relative to bitcoin. LINE_ BREAK The strategic cryptocurrency reserve was announced after weeks of work by the president's newly formed Digital Assets Working Group, led by Executive Director Bo Hinds and David Sachs, who oversees artificial intelligence and #cryptocurrencies at the White House.
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#FinTechInnovations

Paolo Ardoino, CEO of Tether, took the stage at the PlanB event in Lugano, Switzerland, to present information on the reserve assets backing the Tether-USD cash coin.

Ardoyno said that #Tether holds about $100 billion worth of U. S. Treasury securities, more than 82,000 bitcoins worth about $5.5 billion at current market prices and 48 tons of high-grade gold.
a recent Wall Street Journal report sparked fear, uncertainty and doubt. The article said that the U. S. authorities are investigating the company for violations of anti-money laundering rules and U. S. sanctions.
On the background of fear, uncertainty and doubt, the CEO of Tether paid attention to asset reserves. After the article was published on Oct. 25, Tether's CEO issued a sharp rebuttal to the allegations, saying, As we told The Wall Street Journal, there is no indication that Tether is under investigation.
We regularly and directly cooperate with law enforcement to prevent rogue states, terrorists and criminals from using #USDT . If our company is under investigation, as falsely claimed in the article, we need to know about it. On this basis, we can confirm that the claims in the article are blatantly false.
WSJ repeats the same old boring nonsense. Let's end it right now.
Aldino also cited Tether's history of working with law enforcement to recover stolen #digital assets and stop illegal transactions.
Since 2014, Tether has helped law enforcement recover approximately $109 million that had been used for illegal activities such as fraud, sanctions evasion and cybercrime.
As a result of Aldino's recent criticism of U. S. #cryptocurrency policy as lagging behind other countries, a number of progressive companies involved in digital act
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#CryptoAdoption

In this post. Economist Peter Schiff expressed pessimism about the duration of the global economic boom after Trump won the presidential election.

According to the economist, the boom was driven by consumer #optimism fueled by misplaced confidence in the president-elect.
U. S. stock indexes and #digital assets reached all-time highs and the U. S. dollar reached its highest level in almost a decade.
Peter Schiff believes that Trump's economic boom is gradually gaining momentum. The economist added that consumer optimism will not last long, as the current economic problems will worsen.
economist Peter Schiff expressed concern about Trump's current economic boom. The economist's comments sparked a discussion on website X, with more people voicing their opinions on the possible consequences of the economic boom.
Peter Schiff said that consumer optimism about the economy has been gradually increasing since Trump's victory. He added that while the booming economy is likely to continue for some time, it will not solve the problems that voters expected Trump to solve.
Consumer optimism is growing and will continue to grow for some time, as false confidence in the boom caused by Trump continues to spread. However, the good mood won't last long as all the economic problems that voters hoped Trump would solve have worsened.
After Trump was re-elected president of the United States, U. S. stocks hit new highs and the dollar rose against other international currencies.
According to CoinMarketCap, #bitcoin also hit an all-time high a few days after the president-elect's victory. During the campaign, Trump announced his intention to prioritize digital assets, fueling current consumer optimism.
During the campaign, Trump also promised to make the U. S. a global bitcoin superpower.
Among his promises is the removal of U. S. Securities and Exchange Commission Chairman Gary Gensler, who led various crackdowns on digital asset companies during the Biden administration.

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#CryptoTrends #TokenEconomy

Permanent link to this post: the House Oversight and Government Reform Committee wants to investigate the FDIC's debanking practices under the previous administration.

Chairman Comey released the agency's uncut records to investigate these cases.
Custodia Bank CEO Caitlin Long says President Trump has done nothing to address the problem of debanking.
The House Committee on Oversight and Government Reform is investigating the actions of the Federal Deposit Insurance Corporation (FDIC) under the previous administration.
The focus of this investigation is whether financial institutions were forced to shun #digital assets.
The focus of this investigation is whether financial institutions were forced to shun digital assets, which could stifle innovation and limit access to banking services for people and businesses.
The new acting FDIC chairman, Travis Hill, said that under President Biden, the agency was concerned about banks' attempts to offer #cryptocurrency services. He expressed concern about the antagonism. One possible reason was reports that some companies and individuals were allegedly forced into bankruptcy because of their alleged involvement in #cryptocurrencies , and he warned of perceived overreach by the regulator.
In early February, the FDIC released a redacted version of a document about its interactions with banks that had been released to the public. Sixty-four documents reveal correspondence with 24 banks that received suspension letters, while 111 documents show records of correspondence with the FDIC and cryptocurrency-related activities of other regulated institutions.
However, House Oversight and Government Reform Committee Chairman James Comer argues that full disclosure of the documents is necessary to better understand the situation. He has already requested access to uncensored FDIC documents to understand why the FDIC ordered banks to refrain from cryptocurrency projects.

He also asked them to share their experiences with the FDIC.

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#BlockchainFuture #TrendingTopic

On Capitol Hill, legislative debate is intensifying on two key cryptocurrency bills.

On Wednesday, the Senate Banking, Housing and Urban Affairs Committee will examine a bipartisan legislative framework for #digital assets.
March 5, the House Financial Services Committee will hear testimony on Stablecoin and
On Tuesday, White House Director of Artificial Intelligence and #Cryptocurrencies David Sachs held his first press conference on cryptocurrencies, outlining legislative priorities, the first time the Trump administration will look to regulate the industry. The key steps are a market structure bill and a comprehensive stable coin bill. At the event, which was attended by key House and Senate leaders, Senate Banking Committee Chairman Tim Scott (Republican) announced his intention to bring both key #cryptocurrency bills to a vote in the Senate before the end of the president's term.
Last year, there was a bipartisan call for a cryptocurrency bill in Congress, but in 2024.
earlier this month, Senator Tim Scott (Republican), chairman of the Senate Banking Committee, tried to fulfill a campaign promise related to the digital asset industry during the 100 days of President Donald Trump's cryptocurrency-friendly administration, and among others involved in pushing for a cryptocurrency bill, promised to pass a bill on the structure of the stablecoin market and regulatory framework.
the Financial Innovation and Technology for the 21st Century Act (FIT21) was passed by the House of Representatives last year. However, as the new Congress begins its work, this market structure bill must be approved again by House members before it moves to the Senate.
Meanwhile, the GENIUS Act, which gives issuers of stable coins, including #Tether and Circle, a federal path to legalization in the U. S. , is gaining momentum.
CBDCs are similar to stable coins as assets tied to the price of fiat currencies such as the U. S. dollar.

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#CryptoUpdates

XRP investors have made more than $500 million in the past 48 hours.

Short-term holders are responsible for much of the selling after the CME announced #XRP futures.
XRP could fall nearly 20% to $2.62 as bulls show signs of exhaustion. Potential. Ripple's
XRP fell 3% in early trading on Friday as blockchain and technical indicators show bulls are losing momentum
XRP fell 3% in early trading on Friday as U. S. President Donald Trump signed the Presidential Task Force on #Digital Assets. Despite the positive developments surrounding the signing of the executive order creating the Presidential Task Force on Digital Assets, the cryptocurrency showed no signs of recovery.
According to Eleanor Terrett of Fox Business, the Chicago Mercantile Exchange (CME) has not decided to launch a futures contract on XRP. This disappointment could be the reason for the market weakness.
the news caused a wave of negative sentiment in the XRP community, which was waiting for the launch to confirm the possible approval of the Securities and Exchange Commission (SEC) XRP ETF.
as a result, the #token has continued to strengthen, and in the last 48 hours investors have made a profit of $ 500 million.
Realized gains were driven by potential selling activity from short-term holders, as evidenced by small jumps in turnover over 90, 180 and 365 days of hibernation.
additionally, XRP's open interest (OI) growth has stalled over the past few days, reaching up to 2.14 billion XRP from an all-time high of 2.34 billion XRP. Open interest is the total number of open contracts in the derivatives market; a decline in OI indicates that traders are closing positions.
Despite the decline in OI, XRP bulls still dominate the spot market after net outflows increased on #Binance and Kraken last week. dominate the spot market. dominate the spot market. However, Coinbase and Bitstamp saw inflows.

According to Coinglass, $ 10.

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Hackers attacking decentralized exchange (DEX) KyberSwap have been seen moving millions of digital assets from one blockchain to another.

On February 26, analytics firm PeckShield detected the moves from the attacker's wallet address to KyberSwap.
According to the #blockchain data, the hacker moved 798.8 Ether (ETH) worth nearly £2.5 million from Arbitrum to the #Ethereum network.
In addition to the £2.5 million, the hacker also transferred about $1 million in stable coins. A wallet associated with Exploiter transferred £826,500 in stable #Dai (DAI) coins to another wallet.
The KyberSwap hack was one of the biggest hacks of 2023, with DEX notifying the community on November 23 that a "security incident" had occurred and advising users to withdraw funds.
It was initially reported that around £46 million of #digital assets had been withdrawn as a result of the hack. However, it was later revealed that the total loss amounted to £49 million.
That day, the hacker also left a message online for the KyberSwap team saying that negotiations would begin "after a full rest".
In response, the KyberSwap team offered a reward of £4.6 million in exchange for 90% of the stolen funds.
However, the reward negotiations took a nasty turn when hackers began to express their dissatisfaction with KyberSwap's approach.
On November 29, the hacker posted online that he would postpone negotiations if the KyberSwap team continued to threaten legal action or threats, which the hacker described as unfriendly.
The hackers then made an unexpected demand, demanding full control of KyberSwap and all of its assets.
The hackers also claimed temporary full right and possession of KyberDAO, which acts as Kyber's governance structure, and all Kyber-related documents.
The company was given until December 10, 2023 to make a decision before the "contract expires.

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#CryptoAdoption

Ripple seeks April 16 deadline to file a cross-appeal against the SEC Ripple has requested an April 16, 2025 deadline to file a cross-appeal in its ongoing proceeding with the SEC.

the SEC argues that sales of #XRP to retail investors should be classified as securities.
legal experts speculate that the SEC may withdraw the appeal as the case progresses.
#Ripple Labs has filed an appeal in its litigation with the SEC. A new deadline has been officially requested.
Ripple's legal team filed a request for April 16, 2025. Crypto giant Ripple continues its fight with the SEC over the classification of XRP sales
This move follows the SEC's appeal filed on January 15. It challenges the New York District Court's 2023 ruling.
the court ruled partially in favor of Ripple. It ruled that sales of XRP to retail investors are not securities. However, the SEC's appeal argues that these retail sales should in fact be subject to the securities laws.
The SEC's appeal is based on the argument that, among other things, sales of XRP to retail investors should be classified as securities.
The SEC's position is that sales to Ripple's employees and business partners are not securities. The SEC's position is that these sales to Ripple's employees and business partners are not securities; the SEC's position is that these sales and gifts should have been subject to regulatory oversight. In 2023, Ripple won a partial victory when a court ruled that sales of XRP to retail investors were not securities. The ruling allowed Ripple to maintain its position as a major player in the #cryptocurrency market.
However, Ripple still had to pay a fine of more than $125 million. This was for institutional sales, which the court found to be a violation of securities rules.
the SEC's appeal seeks to overturn the decision. According to the regulator, the lower court erred in its decision, especially with regard to the classification of XRP sales.
This dispute highlights the ongoing debate over how #digital assets should be treated under U. S. securities laws.

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Senator Cynthia Lummis is actively working on a bill to create a bitcoin reserve in the U.S. and has scheduled a meeting in Washington on March 11 to discuss the initiative with industry leaders, Bitwise CEO Hunter Horsley told CNBC Fast Money this week. He told CNBC Fast Money this week.

Asked about the seeming lack of movement on the possibility of creating a strategic #bitcoin reserve in the U. S. , Horsley confirmed that the concept is definitely in play.
It's one of the things we need to evaluate. . It was in President Trump's executive order shortly after he took office. It's on the Treasury Department's agenda, Horsley said. Senator Lummis is working on a related bill.
Moreover, on March 11, she will be hosting a meeting where I and many other CEOs will be in Washington, D. C. , to discuss this initiative, he added.
Horsley also noted that various countries are embracing bitcoin, citing the recent purchase of bitcoin by investment firm Mubadala as an example. According to recent SEC filings, Abu Dhabi's sovereign wealth fund invested about $437 million in Blackrock's bitcoin fund, iShares Bitcoin Trust.
According to the Bitwise co-founder, about 11 countries are now using bitcoin to some degree. to some degree. are using bitcoin. This fact confirms the legitimacy of bitcoin as a strategic asset.
Believe it or not, but it is quite real, he said.
Bitcoin's exchange rate has been volatile in recent weeks amid macroeconomic uncertainty. On Thursday, BTC fell below $80000 for the first time since November.
Commenting on bitcoin price volatility, Horsley said it is a well-known feature of #digital assets, but it still surprises people.
He said that historically, the first quarter is the best time for investors to
Mr. Horsley also noted that during this period of bitcoin price volatility, Bitwise has attracted the attention of more traditional investors such as asset managers, wealth managers and banks.
I think price is always the story in this sector.

the US Securities and Exchange Commission recently dismissed enforcement actions against #Coinbase and #Uniswap .

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#DigitalCurrency

It's still taxpayer money, and we have a responsibility and a duty to protect it, state Rep. Stephen Kelly said on the House floor Feb. 22, adding that this type of investment is too risky

State #Rep . Bill Mercer also didn't like the idea of a Montana Investment Commission. That's not why I'm here, he said, adding, like another legislator, I smell speculation.
Montana Update: #Bitcoin Reserve Bill HB 429 failed to pass its second reading in the Montana House of Representatives. The bill was effectively repealed.
the vote was 41 to 59. The vote was largely along party lines, with many Republicans voting against the bill.
analysis However, Representative Lee Deming argued that Montana should strive to maximize the use of its tax dollars, and this bill would help with that.
If we're going to keep the tax, I think we have an obligation to get the most out of the money that's out there.
The only risk is not passing this bill, said bill sponsor Curtis Schommer, who said the Montana Investment Commission Continuing the Investment Commission's investment in bonds would result in a loss of purchasing power, he emphasized. Montana State Representative Steve Fitzpatrick said the Montana Investment Commission has a lot of bank deposits that could be better utilized by investing in precious metals and #digital assets
we can return those funds to the taxpayers and ultimately return more money, lower taxes and provide the economic relief that people have been waiting for.
Other lawmakers saw potential in Bill 429, but called for more amendments. This was the first time the Montana Business and Labor Committee voted in favor of it on February 19. It came just days after the Montana Business and Labor Committee passed Bill 429 by a 12-8 vote.
Twenty-four states, including New Hampshire, New Mexico, New Mexico, North Dakota, Ohio, Ohio, Oklahoma, Pennsylvania, South Dakota and Texas, have introduced a bitcoin reserve bill.
According to Bitcoin Laws, bills in 20 of those 24 states Utah made the most progress among U. S.
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