Trump administration exploring gold revaluation to fund Bitcoin purchases – Bo Hines
Trump administration exploring gold revaluation to fund Bitcoin purchases – Bo HinesThe plan to revalue gold certificates could align with provisions from the 2025 BITCOIN Act, aiming to grow the US Bitcoin stockpile.
Happy Saturday!Today, the crypto world is abuzz with significant developments that could reshape the future of digital assets. The Trump administration is reportedly considering a bold move to revalue gold certificates to fund Bitcoin purchases, potentially aligning with the ambitious goals of the 2025 BITCOIN Act. Meanwhile, the International Monetary Fund (IMF) has updated global standards to include cryptocurrencies in balance of payments, marking a major step towards mainstream recognition. In the US, the Securities and Exchange Commission (SEC) hosted its first crypto roundtable, underscoring the urgent need for regulatory clarity. Dive into these stories and more below. 🚀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. LATEST SLATECAST 🎙️ Mapping the future with MapMetrics, drive-to-earn, and the power of DePIN The global crypto market cap is $2.76 trillion, with a 24-hour volume of $47.7 billion. The price of Bitcoin is $84,042.01, and BTC market dominance is 60.5%. The price of Ethereum is $1,984.50, and ETH market dominance is 8.7%. The best-performing sector is Education, which gained 19%. The Crypto Fear & Greed Index is currently Extreme Fear (32). 📰 Top News
Trump administration exploring gold revaluation to fund Bitcoin purchases – Bo HinesThe plan to revalue gold certificates could align with provisions from the 2025 BITCOIN Act, aiming to grow the US Bitcoin stockpile. IMF updates global standards to include crypto in balance of paymentsBitcoin and comparable cryptocurrencies are now non-produced assets in global economic statistics per the IMF's new standards. SEC holds first crypto roundtable to reassess regulatory frameworkDespite presenting contrasting arguments, advocates and skeptics conceded that crypto needs regulatory clarity in the US.
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