The ‘crypto president’ has delivered on yet another promise he made to the industry. In an iconic display of loyalty on Jan. 23rd, 2025, Mr. Donald Trump signed an executive order to create a national Bitcoin strategic reserve. As you can see in the historic video below, it was the White House Crypto Czar David Sacks who brought Trump the order and stood beside him as he signed and proudly showed it off to the world, officially beating China and Russia in what could’ve been a full-on crypto cold war. document.createElement('video'); https://www.cryptopolitan.com/wp-content/uploads/2025/01/qEpyKaIf8StUOzib.mp4 The president said, “The digital asset industry plays a crucial role in innovation and economic development in the United States, as well as our Nation’s international leadership. It is therefore the policy of my Administration to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy.” This is a developing story. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
President Trump just signed an executive order to evaluate the creation of a strategic national Bitcoin and crypto stockpile, as well as prevent the adoption of a Central Bank Digital Currency (CBDC) while boosting stablecoin adoption. The order, entitled “Strengthening American Leadership in Digital Financial Technology,” states the administration supports the “responsible growth” and use of digital assets and blockchain technology. The order revokes President Biden’s previous digital asset directives and creates a new working group that will coordinate and propose a unified regulatory approach to digital assets within 180 days. “The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.” The executive order also demands all federal agencies halt any actions related to the development of a government-backed digital version of the dollar, while analyzing how the US can “promote the development and growth of lawful and legitimate” dollar-pegged stablecoins created in the private sector. Meanwhile, the Treasury Department, Department of Justice, Securities and Exchange Commission and other relevant agencies have 30 days to identify and submit all regulations, guidance documents, orders or other items that affect the digital asset sector. US banks are also instructed to provide fair and open access to banking services for all law-abiding individual citizens and private-sector entities alike, amid accusations that legitimate crypto companies were denied banking services under the previous administration. You can check out the full executive order here . Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post President Trump Signs Executive Order To ‘Evaluate’ Strategic Bitcoin and Crypto Reserve, Ban Central Bank Digital Currency, Boost Stablecoins appeared first on The Daily Hodl .
This week saw Sol through a slight pullback after posting a significant gain last week. It currently appears weak, looking for close support. Sol’s recent performance was awe-inspiring as it suddenly rose from a low of $170 to a new all-time high of $296 – marking an insane 70% gain in a single week. That speedily drove positive sentiment back in the market, but the asset lost buzz and closed last weekend at $250. Starting this week on a negative note, the bulls attempted to sustain the momentum but they failed following multiple rejections under $280. This brought a little setback for the bulls and they are now on the verge of losing control on the lower timeframe, forming a bearish pattern hourly. Looking at the current price weakness on the daily chart, the weekly timeframe is still suggested strong for more buys. A drop below this week’s low could wash the recent gain off to bring trading back around the monthly low. A breakdown there could result in a major sell-off. But from the look of things, the price is expected to see more growth in the coming weeks with the newly formed W-pattern on the daily chart. The neckline break is yet to be confirmed. A daily close above $270 should set the pace for a massive run up to a new high. Regardless of the latest drops, Sol’s overall market structure is still considered bullish weekly. SOL’s Key Level To Watch Source: Tradingview Now that the price is facing down, the $223 level is the closest support to watch for a bounce. A dip below it could roll the price back to $202 and potentially $185. To resume bullish, Sol must retake the rejected $272 level along with the current $296 high before marking a new one at around $300 and $320. Key Resistance Levels: $272, $296, $320 Key Support Levels: $223, $202, $185 Spot Price: $244.7 Trend: Bullish Volatility: Low Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: jruiz1108 / 123RF // Image Effects by Colorcinch
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Arbitrum, Avalanche, and Solana are gearing up for significant moves in 2025, with the emerging meme coin Catzilla also joining the ranks. Table of Contents Catzilla: A new era in meme coins Arbitrum set for rebound AVAX eyes breakout Solana’s path Conclusion The crypto market is showing strong signs of recovery, bringing excitement and optimism among investors. Arbitrum (ARB), Avalanche (AVAX), and Solana (SOL) are catching attention with their potential for significant moves this year. As the market shifts, these cryptocurrencies stand out as intriguing prospects, sparking curiosity about their future paths and encouraging investors to explore their potential. Catzilla: A new era in meme coins Catzilla, the ultimate hero in the world of DeFi, is here to take on corrupt systems and promote financial opportunities for all. With a spirit of innovation and community, Catzilla aims to bring together crypto enthusiasts, meme fans, and investors in a collective pursuit of financial growth. The project is committed to long-term value and growth. While others may offer empty promises, Catzilla seeks to provide substantial potential with a structured presale starting at $0.0002 and progressing to $0.0016 over 14 stages. Early participants are able to grab the CATZILLA token with an 88% discount. The CATZILLA token offers multiple utilities to enhance the crypto experience: Governance – Participate in shaping Catzilla’s future through community decisions. Incentives – Earn rewards for engagement and support. Staking – Hold and stake CATZILLA tokens to potentially earn passive income. Catzilla aims to create a new environment for those eager to join a collaborative and transformative crypto community. For experienced investors, fans of memes, and those who enjoy combining fun with financial opportunities, Catzilla offers a platform where creativity meets potential. Interested investors can be part of the CATZILLA movement via presale. You might also like: Early investors eye these 5 meme coins for gains, CATZILLA leads the pack Arbitrum set for rebound Arbitrum’s current price floats between $0.68 and $0.83 and has been falling over the last month. But with an RSI at 39.77, the coin is near oversold territory, suggesting a possible price rebound. The nearest resistance is just over $0.91, and breaking this could push ARB toward the $1.09 level, marking a potential growth of around 30% from its current range. Although recent months have seen declines, this sets up an interesting opportunity for those expecting a turnaround. Traders are keeping an eye on the support levels, especially $0.5457, as breaking this could signal further price drops. AVAX eyes breakout Avalanche is currently trading between $34.71 and $42.01. The coin has been on a declining trend, with a drop of close to 10% in the past week. However, a stronger long-term picture emerges with a 22% uptick over six months. Near-term, AVAX faces its first challenge at the resistance level of $45.75. The coin’s RSI level at 32.78 indicates it might be oversold, suggesting potential for a bounce. If momentum shifts, AVAX could break past the $45 mark and aim for the next significant level at $54.75. However, it should stay above the strong support line at $27.77 to sustain any upward move. You might also like: Solana to $500: Experts say new Solana meme coin could deliver bigger gains Solana’s path Solana is battling within a tight price range of $213 to $294. The coin has shown promise with a 28% rise in the past month and over 33% growth in 6 months. Its nearest resistance sits at $320, a challenging but achievable target if momentum continues. The current RSI at 38 hints at potential upward movement from an oversold position. However, surpassing the $491 mark requires more steam. Solana’s current price is below its simple moving average, but the recent month’s positive change shows potential for a surge. If Solana can break the $320 barrier, it could see a significant increase, possibly over 40%. Conclusion While Arbitrum, Avalanche, and Solana show promise, their short-term potential is limited. In contrast, Catzilla emerges as the ultimate meme coin hero, offering a remarkable 700% ROI during its presale. With governance features, rewards for loyalty, and staking options, it looks to unite crypto enthusiasts, meme fans, and anime lovers in the quest for financial freedom. For more information on Catzilla, visit their website , X , or Telegram News . Read more: Bitcoin could rise to $150k in 2025: Impact on XRP and new Solana meme coins Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto markets heat up with bold forecasts for XRP, Ethereum, and newcomer Catzilla, sparking investor interest. Table of Contents Catzilla unleashed: The meme coin movement people have been waiting for XRP eyes new heights as crypto bull run looms Ethereum’s path to breakthrough: Will ETH prices surge? Conclusion Cryptocurrency enthusiasts are buzzing with excitement as the market shows signs of a promising bull run. Analysts are making bold predictions about potential price leaps for well-known digital assets like XRP, Ethereum, and the intriguing newcomer, Catzilla . These forecasts have sparked interest, as investors look to capitalize on the next big movements in the crypto world. You might also like: CATZILLA surges 300% in presale, aims to outpace FLOKI, WIF as a new contender Catzilla unleashed: The meme coin movement people have been waiting for When financial freedom feels like a distant dream, along comes Catzilla — the meme coin that doesn’t just promise gains but delivers them with the flair of a legendary feline warrior. Fueled by meme culture and designed for exponential growth, this isn’t just another meme coin. This is a call to arms for crypto warriors everywhere. 14 Stages of glory: Where the Brave reap rewards Catzilla’s presale isn’t just a launch; it’s a journey through 14 stages of evolution where the CATZILLA token gains momentum and value. Early adopters can enjoy up to 700% returns as they level up their holdings with each stage. Every step forward is a leap toward financial triumph — an opportunity to transform ambition into real profits. But tread carefully, crypto adventurers — the clock is ticking. Only those bold enough to act now will grab their share of Catzilla’s unstoppable rise. Cats vs. dogs: The meow money takeover For years, dog-themed coins have ruled the meme coin scene, but the cats are clawing their way to the top. With recent feline sensations like MEW and Popcat proving their worth, the stage is set for a cat-led revolution: MEW: Climbed into the top 15 meme coins with an impressive 103.7% growth in three months. Popcat: Pounced into action with a jaw-dropping 157.44% surge, cementing its dominance. But these success stories are only the beginning. As Catzilla prepares to make its grand debut, it’s clear that the crypto meme kingdom is shifting — and it’s cats that are poised to reign supreme. Rewrite the crypto playbook with Catzilla Catzilla isn’t just here to disrupt; it’s here to obliterate the outdated rules of the game. With each presale stage, it smashes through the barriers holding back ambitious investors, creating a new paradigm where warriors of the crypto world rise to claim their rewards. The time to act is now. The clock is ticking, and Catzilla’s presale won’t wait for the hesitant. Be among the fearless few who seize this opportunity to transform their portfolios. This is more than a meme coin — this is a movement. Join the Catzilla movement, and watch as it wreaks havoc on the market and delivers chaos-fueled gains to those brave enough to believe. XRP eyes new heights as crypto bull run looms XRP is showing promising signs, with its current price range between $2.39 and $3.46. The coin has seen a month-on-month increase of over 35%, hinting at positive momentum. Supported by a 6-month surge of around 408%, XRP could be gearing up for another breakthrough. Its nearest resistance is just shy of $4. If it breaks this, it could aim for the second resistance near $5, signaling potential gains of over 40% from the current upper range. Watch the support levels at $1.83 to stay cautious, but the overall trend seems poised for upward movement. The crypto market awaits another bull run, and XRP might lead the charge. Ethereum’s path to breakthrough: Will ETH prices surge? Ethereum is currently trading between $2918 and $3516. Recent trends show a downward movement, with a 1-week decline of over 7%. The 10-day and 100-day moving averages are slightly above $3200. These suggest that Ethereum is struggling to gain momentum. The RSI at 39 indicates a market that’s not overbought, which leaves room for potential growth. If Ethereum can push past $3819, we could see a move toward $4417. This would mean a rise of about 25% if achieved. For now, support around $2624 provides some stability against further losses. The market mood hints at volatility, with signs of a potential rebound as part of an anticipated global crypto bull run. Conclusion While XRP and ETH may show less short-term potential, Catzilla emerges as the ultimate meme coin hero aiming to bring financial freedom to everyone. With a 700% ROI during its presale, triple utility features, and a mission to unite enthusiasts, acquiring CATZILLA tokens offers a chance to join the fight against crypto villains. To learn more about Catzilla, visit the website , X , Telegram chat . Read more: Early investors eye these 5 meme coins for gains, CATZILLA leads the pack Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Ivanka Trump, US President Donald Trump’s daughter, on Thursday, issued an advisory regarding meme coin trading in the market. She warned and distanced herself from a fake crypto token named “$IVANKA.” She had pointed out having no involvement with the token and called it deceptive. This comes in when President Trump and First Lady Melania had launched their official meme coins a few days ago. The launch of $TRUMP and $MELANIA before the inauguration sparked ethical concerns in the industry. With billions already flowing into $TRUMP, market experts are questioning transparency around this venture. Token linked to the President went on to hit an all-time high (ATH) of over $75 before collapsing. Ivanka Trump disowns $IVANKA In the X post , Ivanka Trump stated that a fake crypto coin called “Ivanka Trump” or “$IVANKA” is being promoted without her consent or approval. Trump cleared it up that she holds no involvement with the coin. She mentioned that this face coin risks deceiving consumers and defrauding them of their hard-earned money. She added that the unauthorized use of her name in the form of crypto is a violation of her rights. Trump labeled the promotion of $IVANKA as “exploitative” and announced legal steps to stop the misuse of her name. This move turns out to be crucial as the launch of the TRUMP family tokens has raised alarms among ethics watchdogs. Critics have also argued that over the formation of the Department of Government Efficiency (D.O.G.E). It has come to my attention that a fake crypto coin called “Ivanka Trump” or “$IVANKA” is being promoted without my consent or approval. To be clear: I have no involvement with this coin. This fake coin risks deceiving consumers and defrauding them of their hard-earned money,… — Ivanka Trump (@IvankaTrump) January 23, 2025 Whales dumping $TRUMP, $MELANIA The global crypto market witnessed a pre-inauguration celebration with the back-to-back launch of $TRUMP and $MELANIA meme coins . FOMO buying took the Trump-linked token to breach the $10 billion market cap in just a couple of days. It surged as high as $75 on January 20, 2025, from trading at less than $7 on January 18, 2025. The OFFICIAL TRUMP price is still up by 469% in the last 7 days. It is trading at an average price of $36.93, at the press time. It is holding a 24-hour trading volume of $6.13 billion with a market cap of $7.3 billion. MELANIA token also saw a similar response after the launch but recorded a major crash in the after-party. The token price is down by 64% from its inception. Official Melania Meme is trading at an average price of $2.83, at the press time. Its market cap is hovering around $485 million. Crypto whales are being seen dumping these meme tokens after booking huge profits. As the data shared by Spot On chain, whale sold $24.9 million worth of approx 605k TRUMP and 741k MELANIA. It knocked a profit of $12.4 million. A smart whale dumped $24.97M worth of 604,988 $TRUMP and 740,495 #MELANIA for a $12.4M net profit 4 hours ago! This marks the end of the whale’s 3rd $TRUMP trade and 2nd #MELANIA trade, bringing total profits to: • $26.7M (+44%) from $TRUMP with a 100% win rate • $5.32M… pic.twitter.com/39GnOJnBbQ — Spot On Chain (@spotonchain) January 23, 2025 Another whale dumped all of its MELANIA holdings to book a profit of $42.7 million. It spent 2,500 Solana (approximately $688K) to buy 5.2 MELANIA tokens at an average price of $0.13. However, it sold it an average price of of $8.34 for $43.4 million. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
Step aside, meme coins—there’s a new contender catching the eyes of even the most dedicated PEPE and DOGE fans. Word on the street is that Remittix might ascend to the top of the 2025 altcoin market, and this isn’t just idle speculation. The presale of Remittix has already attracted over $5.3 million and is expected to skyrocket 100x in 2024. Want to know why? If you’re searching for the next breakout altcoin, take a look at Remittix to see if it can surpass the meme coin frenzy with its real-world application. Why Are Meme Coin Enthusiasts Shifting to Remittix PEPE and DOGE once captured the spotlight with astonishing returns. At the start of 2025, Dogecoin's price rose by +2.73%, reaching $0.36, with a trading volume of $4.20 billion. Similarly, PEPE experienced a 21% surge at its peak, fueled by social media buzz. Yet, many of these investors are now turning their attention to Remittix, believing that a practical solution holds more promise than fleeting meme popularity. By connecting crypto and fiat for international transactions, Remittix is poised to seize a more substantial share of the 2025 altcoin market compared to purely speculative tokens. The Figures Fueling the Shift from Meme Coins Data reveals that more than 274 million Remittix tokens have been sold at a price of $0.0272 each. With a fundraising target of $36 million, Remittix has secured liquidity for three years and plans to relinquish its contract following the presale. While DOGE has previously reached a market cap exceeding $40 billion, some speculate that Remittix could surpass this milestone by tapping into the massive $700+ billion remittance industry. This utility-centric strategy is a stark contrast to meme coins, which are largely driven by online buzz. Remittix: A Strong Competitor Due to Its Practical Use While meme tokens can see rapid gains, they often lose steam just as quickly if the hype dwindles. Remittix's potential dominance might rely on the steady demand for swift, low-cost transfers. As usage increases, Remittix could establish a lasting presence in the 2025 altcoin market. The project addresses high wire fees and hidden charges, offering a service many feel is needed. If you believe this is the next significant altcoin opportunity, explore Remittix for presale details. It's already caught the attention of DOGE investors looking for a more stable investment compared to volatile price movements. Why PEPE and DOGE Followers Are Observing PEPE enthusiasts witnessed their coin jump 21% in just a few days, but the lack of practical applications eventually slowed its progress. Despite being backed by prominent figures, DOGE continues to enjoy loyalty, although some holders are concerned about saturating the meme coin market. As people start questioning the long-term potential of hype-driven assets, Remittix presents a solution. By streamlining remittances, the platform could become the next major altcoin, overshadowing meme-focused coins. Advocates highlight user adoption rather than viral posts, a factor that could help Remittix maintain its edge as market trends fade. Can Remittix Truly Take Over the 2025 Altcoin Scene? PEPE and DOGE Investors Predict Remittix Will Dominate 2025’s Altcoin Market because it addresses real challenges, not just online humor. Supporters claim that leveraging a $700+ billion remittance market sets Remittix apart from tokens that depend on short-lived peaks. While meme coins can deliver quick returns, many fail just as swiftly. By prioritizing affordable crypto-to-fiat transfers, Remittix could lay a solid foundation for growth. If you’re interested in a token that might outlast memes, visit Remittix now. Keep an eye on its progress or connect via their socials here: Linktree . While PEPE and DOGE remain popular, shifting attitudes suggest that the 2025 altcoin market might favor tokens with concrete advantages. Whether Remittix can fulfill its potential depends on adoption, clarity, and a market eager for practical utility. If the early signs are accurate, this could be the next significant altcoin narrative that meme coin enthusiasts won’t want to overlook. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
Move over, meme tokens there’s a rising star drawing attention from even the biggest PEPE and DOGE enthusiasts. They say Remittix could claim the throne in the 2025 altcoin market, and it’s not just idle talk. Remittix’s presale has already brought in over $5.3 million and is tipped to surge 100x in 2024. Read on to find out why. If you’re on the lookout for the next big altcoin, check Remittix now and see if this real-world solution can beat the meme coin craze. Why Meme Coin Fans Are Turning to Remittix PEPE and DOGE once stole headlines with jaw-dropping gains. In early 2025, Dogecoin’s price moved +2.73% to $0.36, backed by a $4.20 billion trading volume. PEPE likewise pumped by 21% at its peak, riding a wave of social media hype. Yet, many of those investors now eye Remittix's dominance, believing a real-world solution beats fleeting meme attention. By bridging crypto and fiat for cross-border transactions, Remittix could carve out a bigger slice of the 2025 altcoin market than purely speculative coins. The Numbers Driving Meme Coin Migration Recent data shows that over 274 million Remittix tokens have sold at $0.0272 each. With a goal to raise $36 million, Remittix has locked liquidity for three years and plans to renounce its contract post-presale. While DOGE soared past a $40 billion market cap in previous cycles, some see Remittix potentially eclipsing that feat through a massive remittance sector worth $700+ billion annually. This utility-based approach contrasts sharply with meme coins powered mostly by online chatter. Remittix Dominance Hinges on Utility Although meme tokens can explode overnight, they often fade fast if hype runs dry. Remittixdominance might hinge on consistent demand for fast, cheap transfers. If adoption keeps rising, Remittix could secure a lasting foothold in the 2025 altcoin market. The project tackles high wire fees and hidden costs, offering a service many believe is overdue. If you think that’s the next big altcoin pathway, check Remittix for presale info. It has already intrigued DOGE investors who recall wild price swings and want a steadier bet. Why PEPE and DOGE Communities Are Watching PEPE fans saw their coin skyrocket 21% in mere days, but a lack of use cases eventually cooled momentum. Championed by big personalities, DOGE still commands loyalty, yet some holders worry about saturating meme coin markets. As people question the long-term viability of hype-driven assets, Remittix offers an answer. By simplifying remittances, the platform might become the next big altcoin to overshadow meme-centric coins. Supporters point to real-user adoption instead of viral tweets, a factor that could sustain Remittix's dominance when market fads fizzle. Will Remittix Truly Conquer the 2025 Altcoin Market? PEPE and DOGE Investors Predict Remittix Will Dominate 2025’s Altcoin Market because it solves real issues, not just internet jokes. Backers say harnessing a $700+ billion remittance space sets Remittix apart from tokens relying on momentary spikes. Meme coins can generate huge profits fast but many fizzle just as quickly. Remittix could forge a stable foundation for expansion by focusing on cost-effective crypto-to-fiat transfers. If you’re ready to explore a token that might outlast memes, visit Remittix now. Keep track of its growth or connect through their socials here: Linktree . While PEPE and DOGE remain beloved, shifting sentiment suggests the 2025 altcoin market might favor tokens with tangible benefits. Whether Remittix dominance fulfills its promise depends on adoption, transparency, and a market hungry for real utility. Yet, if early indicators hold true, this could be the next big altcoin story that meme coin loyalists won’t want to miss. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
BNB’s outlook remains bullish on the daily chart but the demand level appears low. The trend is subjected to a sideway movement as it builds up for another big move. It is currently down 3% on a daily scale. BNB has continued to trade sideways since the price fell off a peak level of $793.8 last month. However, the trend remains bullish on the macro level but has yet to decide on the next major move since last week. Last week saw the price through a small recovery above the $700 level, but the asset failed to hold its grip during that weekend. It lost momentum again and started this week at a loss. The $671 level provided temporal support on Monday and the price recovered briefly the following day. The buying pressure stopped yesterday due to a rejection and the bears stepped back. Currently, the price appears weak amid rising sell orders. If the price drops below last week’s low, BNB may paint another bearish scenario capable of causing serious panic and fear in the market. For bullish actions, BNB must push above the previous high to confirm a continuation. The recent peak is still considered the main level for a break-up. Increasing above it could fuel a bigger gain in the future. A crash below $400 would result in the end of the bull cycle. But for now, there’s still hope for the bulls. BNB Key Level To Watch Source: Tradingview Currently, BNB is aiming to revisit last week’s $660 low. A breakdown from there could slip the price back to $618.7 and potentially $593. If it climbs back above the key $700 level, the resistance level to watch next would be $745 and $793.8 before exploding higher. Key Resistance Levels: $700, $745, $793.8 Key Support Levels: $660, $618.7, $593 Spot Price: $685 Trend: Neutral-Bullish Volatility: Low Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: moxumbic / 123RF // Image Effects by Colorcinch
The push for a strategic Bitcoin Reserve (SBR) dates back many months, and today, Ripple Labs was flagged as a firm actively lobbying against achieving this. This callout came from Pierre Rochard, the VP of Research at Riot Platforms, who said Ripple Labs is throwing money at politicians to derail the SBR plans. Strategic Bitcoin Reserve: The Rochard Claims According to Rochard, the biggest obstacle dragging down the Strategic Bitcoin Reserve is not the Fed. He noted that these obstacles are neither the US Treasury, banks, or Elizabeth Warren. He said the problem is Ripple Labs and the obvious focus on XRP. The Riot Platforms executive noted that Ripple is “aggressively lobbying against the SBR by throwing around $millions at politicians.” He believes the motivation of Ripple Labs is to derail the strategic Bitcoin reserve plans. Pierre Rochard went on to cite similar examples related to crypto mining . He said Ripple Labs attacked Bitcoin mining under President Joe Biden’s administration. “Obviously they want to protect their marketing narratives and push for CBDCs built on their platform,” he claims. Ripple Labs CEO Fires Back Responding to the claims from Rochard, Brad Garlinghouse said perhaps he is choosing to ignore the core tenets of President Donald Trump’s campaign. For emphasis, he said this campaign promises to support American companies and technologies in general. Garlinghouse said its efforts are, on the contrary, increasing the likelihood of a crypto strategic reserve, including Bitcoin, happening. Unless you are choosing to ignore the core tenants of the POTUS campaign (which aggressively supports American companies and technologies), our efforts are actually INCREASING the likelihood of a crypto strategic reserve (which includes bitcoin) happening. — Brad Garlinghouse (@bgarlinghouse) January 23, 2025 Just after the word exchange on X, President Donald Trump signed an executive order to establish a national digital asset stockpile . Earlier, the President ruled out a single asset reserve as other altcoins, including XRP, were favored to make the list. Trump Presidency Fulfilling Campaign Promises The announcement of the national digital asset stockpile is a major lift for the crypto industry. While it is causing displeasure among Bitcoin maxis, the President is largely making good on his campaign promises to the digital currency ecosystem. On inauguration day, the White House named Mark Uyeda as acting chairman of the US SEC. Also, the President appointed Caroline Pham as the Chairman of the Commodity Futures Trading Commission (CFTC). Both regulators are pro-crypto and were endorsed by industry leaders. As one of his first acts in office, Uyeda created a crypto task force led by Hester Peirce to drive the regulatory agenda in the sector. The post Brad Garlinghouse Defend Ripple’s Efforts In Strategic Bitcoin Reserve Push appeared first on CoinGape .