Good Evening Dinar Recaps,

TRUMP SIGNS EXECUTIVE ORDER ON US DIGITAL ASSETS: CZ SAYS BITCOIN RESERVES ‘BASICALLY CONFIRMED’

Senator Cynthia Lummis has proposed legislation to establish a national bitcoin reserve, planning to purchase 1 million BTC worth $108 billion over five years.

▪️Trump signed an order to create a federal group led by David Sacks to regulate digital assets.
▪️The US strategic Bitcoin reserves have been basically confirmed by Binance CEO Changpeng Zhao.
▪️Senator Cynthia Lummis proposed buying 1 million BTC for a US national bitcoin reserve worth $108 billion.

President Donald Trump signed an executive order to establish the “Presidential Working Group on Digital Asset Markets,” — a major shift in the United States’ approach to digital assets.

Reports from Fox Business indicate that the group will develop a federal regulatory framework for digital assets, including stablecoins, and explore the creation of a “strategic national digital assets stockpile.”

Years of legal and regulatory disputes between cryptocurrency advocates and federal authorities preceded this initiative. The directive could provide the digital assets sector with a clearer regulatory path shaped by the White House. Such executive orders often signal the start of federal policy shifts rather than their conclusion, emphasizing Trump’s supportive stance on cryptocurrency.

Chaired by Trump-appointed crypto czar David Sacks, the group includes key figures such as the Treasury Secretary. Scott Bessent, a hedge fund manager chosen to lead the Treasury, has publicly backed the president’s crypto initiatives. In a July interview with Fox Business, Bessent described Trump’s move as a bold advancement for digital assets.

US Bitcoin Reserves “Basically Confirmed”: CZ

The executive order emphasizes preventing agencies from creating a central bank digital currency, while promoting interagency collaboration to develop digital asset policies.

Senator Cynthia Lummis, head of the Senate Banking Digital Assets Subcommittee, has proposed legislation to establish a national bitcoin reserve. The plan involves purchasing 1 million BTC, valued at $108 billion, over five years.

The US remains the largest known nation-state holder of bitcoin, with seizures amounting to 198,109 BTC, worth approximately $21 billion. Binance CEO Changpeng Zhao recently highlighted these developments on X, stating:

“The US strategic Bitcoin reserves have been basically confirmed. Cryptocurrency is once again advancing at the speed of encryption.”

Speculation has also emerged about plans for an “America-first” strategic reserve prioritizing US-based coins like USDC. Unverified reports even linked a bitcoin reserve announcement to Trump’s inauguration speech. That anticipation contributed to bitcoin hitting a record $109,000 earlier this week.

TRUMP Memecoin Soars to $75 Billion

Trump’s official memecoin, TRUMP, debuted during the Crypto Ball in Washington last Friday, rapidly achieving a $15 billion market cap. Within days, its fully diluted value surged to $75 billion, marking it as the fastest-growing memecoin in history. Shortly after, First Lady Melania Trump introduced her memecoin, MELANIA.

Built on Solana, the memecoins ignited discussions over Trump’s preference for Solana instead of Ethereum. Solana’s price reached an all-time high following the launch, while Ethereum gained momentum when the Trump-backed decentralized finance platform, World Liberty Financial, made substantial ether investments.

The platform also secured Ethereum Name Service domains, including worldliberty.eth and trumpcoin.eth, establishing a foothold in the decentralized ecosystem.

@ Newshounds News™

Source:  CoinSpeaker

~~~~~~~~~

TRUMP EXECUTIVE ORDER PAVES WAY FOR FEDERAL CRYPTO RESERVE—BUT DOESN'T MENTION BITCOIN

Donald Trump signed his first executive order on crypto, establishing a working group and prohibiting CBDCs without mentioning Bitcoin.
President Donald Trump signed his first crypto-related executive order on Thursday, formally establishing a Presidential Working Group on Digital Asset Markets and laying the groundwork for exploring some of his campaign promises—including potentially establishing a national reserve for Bitcoin and other assets.

The Presidential Working Group will advise Trump on matters related to crypto policy and inform his decision-making with regards to the industry. Trump previously announced that the group will be led by Silicon Valley venture capitalist David Sacks, the White House’s first-ever “AI and crypto czar.”

Its day-to-day operations will be managed by Bo Hines, a one-time Republican congressional nominee and former college football player. The group will also include the Secretary of the Treasury, the SEC and CFTC heads, and other department and agency leaders.

Decrypt previously reported that the council is expected to consist of 20 crypto founders and CEOs. Industry donors to Trump’s presidential campaign—and perhaps his inaugural fund as well—are likely to be prioritized. The group doesn't have any real authority besides the opportunity to advise Trump and Congress, who will make their own decisions.

The executive order, titled "Strengthening American Leadership in Digital Financial Technology," further tasks the group with exploring the premise of a “strategic national digital assets stockpile,” following Trump’s campaign trail promise to establish a Bitcoin national reserve.

Such an idea has been furthered in the Senate via Senator Cynthia Lummis’ Bitcoin Act, plus several states are now considering their own Bitcoin reserve legislation. However, the executive order does not mention Bitcoin by name, nor does it mention any other specific crypto assets.

Furthermore, the order notes that agencies are blocked from launching central bank digital currencies, or CBDCs, which are often referred to as “digital dollars.” These centralized cryptocurrencies have been widely derided by Republicans due to privacy concerns.

It also aims to “protect and promote” the rights for American companies and citizens to transact and self-custody cryptocurrency, mine crypto and validate blockchain transactions, and launch blockchain software.

It is also expected that Trump will follow up this first crypto-related executive order with several more. A top priority for the industry has been repealing the SEC’s SAB 121 rule, which discourages American banks from holding crypto. Congress repealed SAB 121 last spring, but former president Joe Biden then vetoed the legislation, leaving the rule in place.

Trump is able to rescind SAB 121 with an executive order, and is widely expected to do so.

Other crypto policies that Trump may address in future executive orders include eliminating the SEC’s controversial exchange rule, which targets decentralized finance projects, and directing federal agencies including the State Department to make fostering crypto innovation a national priority.

With or without executive orders, though, The Trump Administration is already off to a running start when it comes to crypto. On Tuesday, the SEC established a new crypto task force led by Hester Peirce, the emphatically pro-industry commissioner.

The task force will aim to “craft sensible disclosure frameworks” that will allow crypto projects and companies to register legally if needed. Doing so will end the SEC’s longstanding, effective policy of regulating the industry by enforcement, an approach that brought much uncertainty to the sector and pushed many firms out of the country.

@ Newshounds News™

Source:  Decrypt

~~~~~~~~~

LEDGER CO-FOUNDER KIDNAPPED AND RELEASED AFTER INTENSE RESCUE MISSION

David Balland was found alive on Wednesday evening after a harrowing two-day manhunt conducted by France’s elite police tactical unit Groupe d’intervention de la Gendarmerie nationale (GIGN).

David Balland Rescued After Two-Day Manhunt

Ledger co-founder David Balland was rescued late Wednesday evening after being kidnapped on Tuesday in the small French town of Vierzon by a sophisticated criminal group that demanded a hefty ransom, according to reporting by French news outlet Le Parisien.

Previous rumors had mistakenly identified the hostage as Éric Larchevêque, Balland’s fellow co-founder. Larchevêque is the former CEO of Ledger and is one of France’s richest entrepreneurs with a net worth of 340 million euros or roughly $350 million USD according to French business magazine Challenges. He reportedly drives around displaying the price of bitcoin (BTC) on his Tesla’s dashboard screen.

La Parisien reported that Balland was taken to hospital soon after being rescued. Other outlets reported that his captors had sent a finger with their ransom demand. Multiple suspects were taken into custody earlier today and the investigation is still ongoing.

“This must be something quite serious because I’ve never seen anything like this in my town,” said Alain Mornay, mayor of of Méreau which is adjacent to Vierzon. “The authorities are still present tonight.”

@ Newshounds News™

Read more:  Botcoin News

~~~~~~~~~

Crypto IPO Boom On The Horizon, Says NYSE Listings Chief

The US initial public offering (IPO) market is anticipating a substantial recovery in 2025, with a noticeable emphasis on listings pertaining to crypto, as the global economy continues to change.

Favorable legislative reforms and increased institutional interest in digital assets are expected to fuel a boom in initial public offerings (IPOs) in the cryptocurrency sector.

A strong US economy and low borrowing rates are largely responsible for this recovery, which should create a favorable atmosphere for businesses looking to exit through an IPO. Even with the recent market fluctuations, the medium-term picture is still promising.

@ Newshounds News™

Read more:  Bitcoinist

~~~~~~~~~

KANSAS BILL AIMS TO ALLOCATE 10% OF RETIREMENT FUNDS TO BITCOIN ETFS

The bill proposes establishing a board of trustees to manage the Bitcoin ETF investments and conduct an annual examination of the investment program.

Kansas State Senator Craig Bowser introduced a bill to invest up to 10% of public employee retirement funds into spot Bitcoin exchange-traded funds (ETFs).

Bowser introduced Senate Bill 34, which seeks to authorize the Kansas Public Employees Retirement System (KPERS) to invest a portion of its retirement fund in Bitcoin-backed ETFs.

@ Newshounds News™

Read more:  CoinTelegraph 

~~~~~~~~~

Seeds of Wisdom Team Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps