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  • What happened in crypto this week

    What happened in crypto this week

    We’ve had another busy week in the crypto market: Bitcoin hits $109,000, Trump and Melania launch memecoins, Elon Musk’s DOGE agency sued, Circle acquires Hashnote, Trump pardons Silk Road creator Ross Ulbricht, Taiwan is considering allowing banks to issue stablecoins, banks will embrace crypto with clearer regulations, and Trump signs executive order for crypto working group.

    Bitcoin hits $109,000

    Bitcoin hit a new all-time high of over $109,000 ahead of Donald Trump’s inauguration on Monday.

    On January 20, Bitcoin reached a new high as market sentiment remains optimistic about Trump’s plans for the crypto industry. The latest high surpasses its previous record of over $108,000, which it achieved in December.

    Trump also mentioned Bitcoin in a Sunday speech, highlighting its record performance since the US election.

    “Since the election, the stock market has surged and small business optimism has soared a record 41 points to a 39-year high,” Trump said. “Bitcoin has shattered one record high after another.”

    Over the past 90 days, Bitcoin is up nearly 60% and has a market cap value of $2.09 trillion.

    Trump and Melania launch memecoins

    Ahead of Trump’s inauguration on Monday, January 20, he announced the launch of his $TRUMP memecoin on his Truth Social platform.

    Within 24 hours of launching, the meme token rose 580% in value, topping $75, with a market cap of nearly $6 billion.

    Following Trump, Melania Trump launched her memecoin, $MELANIA, last Sunday, which saw the token reaching a high of over $13.

    At the time of publishing, $TRUMP and $MELANIA are trading at more than $33 and $2.60, according to data from CoinMarketCap.

    Elon Musk’s DOGE agency sued

    Elon Musk’s Department of Government Efficiency (DOGE) agency reportedly had three lawsuits filed against it within minutes of Trump’s inauguration on Monday.

    In a 30-page lawsuit from the National Security Counselors, a public interest law firm, it questions the legality of the agency Trump said he’d create to “dismantle government bureaucracy.”

    According to the complaint, DOGE violates the Federal Advisory Committee Act (FACA), which requires advisory committees to follow certain rules, including allowing public involvement.

    National Security Counselors state that DOGE meets the requirements to be considered a “federal advisory committee.” Yet, while similar agencies follow a “fairly balanced” representation, keep meeting records, and allow public involvement, as required by law, DOGE doesn’t.

    The two other lawsuits were filed by a group that includes the American Federation of Government Employees and the State Democracy Defenders Fund. In another case, the plaintiffs are the Citizens for Responsibility and Ethics in Washington and the American Federation of Teachers.

    Despite this, the US government launched the DOGE agency website the following day.

    Circle acquires Hashnote

    Stablecoin issuer Circle acquired Hashnote for an undisclosed amount earlier this week. As part of the acquisition, Circle is planning to integrate USYC as collateral on crypto exchanges.

    In a post on X, Circle said that the move, alongside a strategic partnership with DRW, a global trading firm, “is set to redefine the landscape of digital asset capital markets.”

    By integrating USDC, Circle’s stablecoin, and USYC, the platform is enabling interconvertibility between both assets, allowing USYC to be used as preferred collateral on exchanges and brokers.

    Trump pardons Silk Road creator Ross Ulbricht

    Donald Trump signed an order, giving Ross Ulbricht, the founder of darknet marketplace Silk Road, a full pardon this week.

    In a post on his Truth Social platform, Trump wrote:

    “I just called the mother of Ross William Ulbricht to let her know that in honor of her and the Libertarian Movement, which supported me so strongly, it was my pleasure to have just signed a full and unconditional pardon of her son, Ross.”

    The pardon comes after Ulbricht spent 12 years in prison following his arrest in 2013. Ulbricht created Silk Road in 2011; however, he was given two life sentences plus 40 years in 2015. Upon pardoning Ulbricht, Trump called Ulbricht’s sentence “ridiculous.”

    Taiwan is considering allowing banks to issue stablecoins

    Taiwan’s financial regulator is to propose legislation enabling local banks to issue stablecoins pegged to the New Taiwan Dollar (NTD).

    The draft law from the Financial Supervisory Commission (FSC) is expected to be introduced in June 2025. It aims to bridge the divide between fiat and digital currencies, enhancing investor access to the burgeoning crypto market.

    The proposal for banks to issue stablecoins is seen as a pivotal step in this regulatory evolution, providing a more secure and regulated environment for cryptocurrency transactions.

    The FSC emphasizes that all stablecoins issued within Taiwan will be under the joint management of the central bank, ensuring their stability and legitimacy.

    Zhuang Xiuyuan, director of a Taiwanese bank, has voiced concerns over existing stablecoins like Tether and USDC, criticizing their backing by non-government recognized assets.

    To address these issues, any new stablecoin in Taiwan will require explicit approval from the FSC, ensuring they meet specific qualifications regarding issuer credibility and reserve allocations.

    Banks will embrace crypto with clearer regulations

    Bank of America’s CEO has said that US banks will embrace crypto payments if clearer rules are in place from regulators.

    Speaking at the World Economic Forum, Brian Moynihan said that if rules come in and crypto payments are made “real,” then “the banking system will come in hard on the transactional side of it.”

    So far, US banks have been cautious about offering retail crypto services, instead focusing on providing institutional products such as US spot Bitcoin exchange-traded funds (ETFs).

    Trump signs executive order for crypto working group

    Less than a week into entering the White House, Trump has signed an executive order for a crypto working group designed to provide regulatory clarity.

    When signing the order, Trump appeared with his AI and crypto czar David Sacks who spoke about the order to the president. Sacks, who will be leading the working group if it’s implemented, said: “we’re going to be forming an internal working group to make America the world capital under your leadership.”

    In addition to providing regulatory clarity, the working group seeks to protect the US dollar through the development of lawful dollar-backed stablecoins worldwide. The working group also wants to prohibit “the establishment, issuance, circulation, and use of a [central bank digital currency] within the jurisdiction of the United States.”

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  • How the Fed’s latest decision could affect crypto markets in 2025

    How the Fed’s latest decision could affect crypto markets in 2025

    Bitcoin may have kicked off 2025 with a rebound back to $100,000, but since the release of the U.S. Federal Reserve’s December 2024 Federal Open Market Committee meeting on Jan. 8, the BTC/USD exchange rate dropped to as low as $91,220.84.

    Bitcoin has stabilized at around $95,000 since then, but concerns run high whether further news about the future direction of interest rates and monetary policy will result in an additional negative impact to the performance of Bitcoin and other cryptocurrencies.

    As cryptocurrencies have entered the financial mainstream, they have become increasingly sensitive to policy changes from the Federal Reserve. With this in mind, let’s take a closer look at the latest news from the Fed, and see what it could mean for the performance of both Bitcoins and altcoins in the months ahead.

    Why Cryptos Fell on The Latest Fed News

    As revealed in the aforementioned Fed meeting minutes, the central bank once again cut interest rates by 0.25%, or 25 basis points. This was in line with expectations. However, while the latest rate cuts arrived as expected, other takeaways from the meeting minutes caught investors off-guard.

    Namely, the Fed’s signaling of its plans to reduce the number of 25-basis point rate cuts in 2025. Before the meeting minutes hit the street, the market was still expecting four such cuts throughout the year. The latest remarks from Fed officials regarding quantitative tightening also suggested that the “Fed pivot” this year will not be as rapid of a shift from hawkish to dovish as previously anticipated.

    Taking this into account, it’s not completely surprising that Bitcoin has once again encountered negative volatility. Nor is it surprising that more volatile altcoins, like Ethereum, Solana, and Dogecoin, have all experienced double-digit declines over the past week. As “risk-on” assets, cryptocurrencies, especially altcoins, perform better during times of accommodative fiscal policy.

    Yet while the Fed may be not turning as dovish as previously expected, and is in fact continuing to engage in monetary tightening, the impact of these policy decisions on cryptocurrency prices in 2025 may not be as dire as it seems at first glance.

    What This Means for Bitcoin and Altcoin Prices in 2025

    Although the cryptocurrency market reacted negatively to the Fed’s current policy gameplan, said plans could still result in further upside for Bitcoin and other cryptocurrencies. For one, the planned implementation of fewer 25 basis-point rates still means a further loosening of monetary policy, helping to justify additional upside for this “risk-on” asset class.

    Second, with regards to Bitcoin, other positive factors are at play that could drive further upside for the largest cryptocurrency by market capitalization. These include increased institutional and retail investor allocation, as well as the specter of a more favorable crypto regulatory environment from the incoming Trump administration.

    Binance CEO Richard Teng commented on what we can expect in the crypto industry in 2025, “We expect to see development across all aspects. Crypto regulation saw great growth across the world in 2024 and we expect to see more in 2025. Given the recent U.S. presidential election and expected crypto regulation from its new government, we expect to see other countries follow the lead from the U.S. and enact more legislation across the world.”

    Teng continues, “In terms of institutional interest, financial giants like BlackRock and Fidelity entered the crypto business in 2024, and we expect to see more new players next year. More companies are learning about crypto and integrating crypto features like tokenization into their business. This is a trend that has grown for years and we expect to see more development in.”

    Admittedly, the recently-announced changes to the Fed’s rate cut plans could still negatively impact the performance of altcoins in the short-term. Altcoins are much more sensitive to changes in fiscal policy. Nevertheless, if a bull market continues in Bitcoin, chances are it will spill over into the altcoin space as well. Investors profiting from a continued run up in the price of Bitcoin could cycle their gains into Ethereum, XRP, Solana, and other major and emerging altcoins.

    The Bottom Line

    Over a longer timeframe, the Fed’s decision to more cautiously lower interest rates and loosen fiscal policy may do little to threaten the long-term bull case for cryptocurrencies. Due to a variety of trends, including the proliferation of exchange-traded cryptocurrency investment products, institutional and retail capital inflows into cryptocurrencies are poised to continue.

    Of course, nothing’s for certain. For instance, following the latest jobs report, there is growing doubt whether the Fed will further walk back its 2025 rate cut plans. Even if the Fed sticks to its current plan, this asset class is likely to stay highly volatile. Caution and patience remain key.

    Nevertheless, taking into account not just the Fed news,but the other positive trends at play as well, the opportunity for long-term price appreciation with Bitcoin and other cryptocurrencies is still on the table.

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  • Bank of America CEO says banks will embrace crypto with clearer regulations

    Bank of America CEO says banks will embrace crypto with clearer regulations

    • The banking sector could embrace crypto payments if clearer rules are in place
    • Crypto would be another form of payment like Visa and Mastercard, said Brian Moynihan
    • A new crypto task force aims to provide a “clear regulatory framework for crypto assets”

    Bank of America’s CEO said the US banking industry will embrace crypto payments if clearer rules are in place from regulators.

    In an interview with CNBC at the World Economic Forum in Davos, Switzerland, Brian Moynihan said that all banks send money digitally nowadays. He added that if rules come in and crypto payments are made “real,” then “the banking system will come in hard on the transactional side of it.”

    “If you go down the street here and you go in and buy lunch, right, if you can pay with Visa, Mastercard, a debit card, Apple Pay, etc., this would just be another form of payment,” the BoA CEO said.

    To date, US banks have been cautious about offering retail crypto services, instead focusing on providing institutional products such as spot Bitcoin exchange-traded funds (ETFs).

    Changes under a Trump administration?

    Moynihan’s comments come as President Donald Trump started another term in the White House earlier this week.

    During his election campaign, Trump indicated a pro-crypto stance and has since appointed several pro-crypto candidates to various government positions.

    Introducing a new crypto task force “dedicated to developing a comprehensive and clear regulatory framework for crypto assets” could give banks the push they need to enter the space.

    Speaking to CoinJournal, Tom Kiddle, co-founder of Palisade, a French-regulated digital asset custodian backed by Ripple, said: “So far, the country has done little to advance a clear crypto regulatory framework. However, Trump’s nomination of pro-crypto Paul Atkins could mark the dawn of a new era for the sector.”

    When asked about crypto such as Bitcoin as an investment option during the interview, Moynihan refrained from answering, stating that topic was “really a separate question.”

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  • Remittix (RTX) hits $4m presale as XRP holders take notice

    Remittix (RTX) hits $4m presale as XRP holders take notice

    With the cryptocurrency market eyeing a stellar 2025 amid a new wave of optimism, new crypto project Remittix (RTX) is trending.

    The altcoin looks to have stolen the shine off XRP (XRP) early on as its presale hits $4 million. But what’s driving the interest in this project? Could the new era for crypto under President Donald Trump be the catalyst that pushes RTX to the top of the payments finance, or PayFi world?

    What is Remittix (RTX)?

    XRP and Stellar (XLM) have stood out as crypto solutions aim to revolutionize the remittances and cross-border payments space. XRP’s massive traction in the space means its recent bounce in the market may continue as traditional players adopt crypto.

    Remittix (RTX) is entering this ecosystem with a new Ethereum-based payments network targeted for individuals and businesses.

    The project aims at allowing anyone to benefit from the growing adoption of cryptocurrencies with a novel crypto-to-fiat payments solution. With Remittix, users can send crypto and see their recipients get fiat in their bank account.

    The project taps into the blockchain technology’s features of faster, cheaper and transparent transactions to let users send money across borders. Unlike traditional banking apps and solutions, Remittix provides a  multi-currency wallet that lets users easily send over 50 cryptocurrency pairs. It supports more than 30 fiat currencies.

    Native token RTX attracts $4 million in presale

    Interest in Remittix has picked momentum as the crypto market celebrates the inauguration of Donald Trump as the 47th President of the United States. Notably, the presale for the native RTX token raced to over $4 million in under 30 days.

    RTX will power Remittix’s payments ecosystem, providing for governance, staking and rewards. Of the limited supply of 1.5 billion RTX, 50% of it (750 million) has been allocated to the community via a presale. The presale soft cap is $18 million and hard cap is $36 million

    Remittix is celebrating Trump’s inauguration with a 30% bonus that runs to Jan. 28. Presale participants can use the promocode TRUMP30 to unlock the bonus.

    With crypto poised for a bullish reset in 2025 and beyond, the presale offers Remittix buyers a chance to get in early. An environment that supports innovation and regulatory clarity means Remittix could be on the cusp of completely redefining cross-border payments.

    Remittix (RTX) presale price

    So far, savvy crypto investors have scooped nearly 230 million RTX, raising more than $4.1 million as the RTX price jumps to $0.0228.

    The next price increase will push Remittix presale value to $0.0239. RTX presale is 70% sold out in the current stage, which means interested early adopters have a chance to get it at a bargain before price rises.

    Find out more about Remittix and what makes the project stand out by visiting the official website.

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  • Bitcoin hits $109,000 ahead of President-elect Donald Trump’s inauguration

    Bitcoin hits $109,000 ahead of President-elect Donald Trump’s inauguration

    • Bitcoin’s new high surpasses its previous all-time high of $108,000 reached in December
    • President-elect Donald Trump was once critical of Bitcoin, claiming it seemed “like a scam”
    • On the eve of his inauguration, Trump and Melania Trump launched their memecoins

    Bitcoin soared to new heights, hitting over $109,000 ahead of President-elect Donald Trump’s inauguration.

    The number one crypto asset reached its all-time high on January 20 as market sentiment remains optimistic about Trump’s plans for the crypto industry. The new high surpasses its previous record of more than $108,000 achieved in December.

    Data from TradingView shows Bitcoin topped $109,036 around 6:55 am before dropping to $107,000 a few minutes later.

    BTC/USD Chart by TradingView

    Trump mentioned Bitcoin in a Sunday speech, highlighting its record performance since the US election.

    “Since the election, the stock market has surged and small business optimism has soared a record 41 points to a 39-year high,” Trump said. “Bitcoin has shattered one record high after another.”

    Support for crypto

    Once critical of Bitcoin who said that it “seems like a scam” a few years ago, Trump has since embraced crypto, showing his support for it during his presidential election.

    During his campaign trail, he vowed to make the US the “crypto capital” of the world and has appointed several crypto-friendly candidates into his incoming administration. Some familiar names include Paul Atkins as the next US Securities and Exchange Commission (SEC) chair and crypto czar David Sacks.

    Trump is also expected to sign an executive order prioritizing crypto when he enters the White House today.

    On the eve of Trump’s inauguration, he launched his $TRUMP memecoin, which, at one point, was valued at $75 per coin, according to data from CoinMarketCap. At the time of publishing, it’s trading at $51 with a market cap of more than $10 billion.

    Incoming First Lady Melania Trump also launched her memecoin, $MELANIA, which was trading at a high of $13. It has since dropped to $10 with a market cap of over $2 billion.

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  • Crypto industry hopes rise as Donald Trump enters the White House

    Crypto industry hopes rise as Donald Trump enters the White House

    Donald Trump's transition team considering XRP, Solana, and USDC strategic reserves
    • A new era is set for the industry with the appointment of crypto-friendly candidates such as Paul Atkins
    • It remains to be seen whether the US will match similar regulatory frameworks like Europe’s MiCA
    • The rise of Bitcoin will be shaped by institutional adoption, increased regulatory clarity, and broader macroeconomic and geopolitical trends

    US President-elect Donald Trump is taking office today with his incoming administration making significant promises for the crypto industry.

    After years of battling with the US Securities and Exchange Commission (SEC) under outgoing US President Joe Biden’s administration, the crypto market is beginning to feel hopeful.

    Even before entering the White House, a shift has already taken place with the appointment of crypto-friendly candidates including Paul Atkins as the next SEC Chair and crypto czar David Sacks. Trump is also, reportedly, going to sign an executive order making crypto a priority under his leadership.

    “So far, the country has done little to advance a clear crypto regulatory framework,” said Tom Kiddle, co-founder of Palisade, a French-regulated digital asset custodian backed by Ripple, to CoinJournal. “However, Trump’s nomination of pro-crypto Paul Atkins could mark the dawn of a new era for the sector.”

    A similar MiCA framework?

    While a potentially favorable crypto environment is possible with the likes of Paul Atkins, it remains to be seen whether the new administration will match international frameworks such as Europe’s Markets in Crypto Assets (MiCA) regulations.

    According to Kiddle the “US is at a crossroads,” adding that “if the SEC adopts a constructive stance, the country could finally reclaim is position as a global leader in blockchain innovation rather than watching talent and capital drain to emerging economies.”

    Several companies, including Bitwise, Coinbase, and Ferrari are already expanding their services into Europe. With a lack of clear crypto regulations, the crypto industry isn’t reaching its full potential in the US.

    Under a Trump administration that could soon change.

    “It’s unclear how closely the administration intends to match international frameworks such as the EU’s MiCA with its regulatory plans,” said Temujin Louie, CEO of Wanchain to CoinJournal. “By closely monitoring the administration’s policies and adapting accordingly, the blockchain industry can remain focused on developing innovative solutions that promote the mainstream adoption of blockchain technology.”

    Market sentiment

    Since winning the US election in November, Trump has helped pushed market prices to new highs. In December, Bitcoin reached an all-time high of over $108,000. However, while some think Trump isn’t the only reason Bitcoin’s is rising, it’s certainly helping.

    Speaking about this to CoinJournal, James Toledano, COO of Unity Wallet, said that “Bitcoin’s price ahead of inauguration day hinges on a mix of market sentiment and speculative optimism,” adding that “the real drivers of Bitcoin’s price include adoption, regulation, and macroeconomic factors.”

    Earlier last week, it was reported that bleak economic expectations were driving the bearish sentiment within the crypto market. At the time, Bitcoin had dropped below $90,000 as Trump’s tariff plans, the US Federal Reserve’s cautious approach to interest rate cuts, and a strong dollar dampened crypto enthusiasm.

    According to Toledano, following Trump’s inauguration, the rise of Bitcoin will be shaped by institutional adoption, increased regulatory clarity, and broader macroeconomic and geopolitical trends.

    At the same time, “as pro-Bitcoin as Trump is, some other major geopolitical or macroeconomic event could knock 40%-50% off the value overnight and we’ve seen this before,” said Toledano.

    Despite this, many are hopeful that positive changes are ahead.

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  • Here’s why OKB price spiked 20% today

    Here’s why OKB price spiked 20% today

    • OKB token surged more than 20% to hit highs of $61.29 on Jan. 17.
    • The altcoin, native to the OKX exchange, rose as the community reacted to news around Azuki’s Animecoin (ANIME).

    OKB registered a price surge 20% higher. The price surge follows OKX adopting OKB as the primary token for mining Animecoin which is their maiden project aimed at revolutionizing the Anime industry.

    On Friday Jan 17, the price of OKB, the native token of the OKX ecosystem rose by 20% posting a high of $58.86. This came after the crypto platform chose it as the primary token for mining Animecoin (ANIME), the Azuki backed token.

    OKX Jumpstart and ANIME tokens

    The OKX Jumpstart staking program  is set to begin mining Animecoin on Jan 20. The OKB users can stake their OKB and BTC tokens to gain Anime tokens.

    The program will run from Jan 20 to Jan 23.

    While there is no minimum limit for staking for the holders of OKB and BTC tokens, maximum staking limit is set at 600 OKB and 0.3 BTC ($30,000). Staking and unstaking is permissible at any given time.

    Of the 10 billion total token reserve, a share will go to the active participants in the OKX Jumpstart event. 50.5% of the total supply will be apportioned to the community. 37.5% of the token will go to the Azuki community who are the very first supporters of Animecoin while Community Cultivation which is held by future AnimeDao will get 13%. The 13% will be used as community incentives and initiatives.

    Partner communities will also get 2% share.

    The Anime token Listing

    The Anime token is set for listing on both the Ethereum and Arbitrum platforms on Jan 23. Sources indicate that the token will stir up great following among the Anime users,its creators and revolutinize the the anime ecosystem to a great deal.

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  • Trump to make crypto a priority with executive order

    Trump to make crypto a priority with executive order

    Ein Foto von US-Präsident Donald Trump
    • President-elect Donald Trump could sign the executive order on January 20 when he’s sworn in
    • The order may also create a crypto advisory council
    • People familiar with the matter said the order isn’t final and could change before it’s made public

    US President-elect Donald Trump is reportedly planning to sign an executive order designed to prioritize crypto as his inauguration day approaches.

    Citing people familiar with the matter, the order enables industry insiders to work with agency regulators. It could also create a crypto advisory council, reports Bloomberg.

    An earlier report from The Washington Post suggests Trump is expected to sign executive orders – on the first day of his presidency – focusing on crypto de-banking and the repeal of crypto accounting policies requiring banks holding digital assets to count them as liabilities.

    Trump, who will be inaugurated on January 20, has enjoyed strong support from the crypto industry. During his campaign trail, he promised to make the US the “crypto capital” of the world, and was the recipient of a $2 million Bitcoin donation from Cameron and Tyler Winklevoss and a $1 million Ethereum donation from Jesse Powell, co-founder of Kraken.

    Since winning the US election in November, the crypto market has rallied with Bitcoin hitting a new all-time high of over $108,000.

    Trump has also selected several pro-crypto candidates within his incoming administration, including crypto czar David Sacks, Bo Hines as executive director of the Presidential Council of Advisers for Digital Assets, and Paul Atkins as the next US Securities and Exchange Commission (SEC) chair.

    Earlier this week, Republican commissioners at the SEC indicated they were set to revise the agency’s crypto policies as Trump prepares to enter the White House next week.

    Pushing American tech

    Despite facing regulatory hurdles, the crypto market has also seen positive growth under President Joe Biden’s administration.

    At the beginning of 2024, for instance, the SEC approved the first US spot exchange-traded funds (ETFs), which have since expanded the market. BlackRock’s IBIT Bitcoin ETF currently accounts for more than 559,000 Bitcoin, valued at $56.2 billion, according to iShares data.

    However, with the new incoming administration, Trump is keen to push American technology companies to the front.

    Speaking on this, Kara Calvert, vice-president for US policy at Coinbase Global, said: “What I think Donald Trump is going to do is signal that the United States is back and we are ready to lead in this industry. What it’s signalling to other countries is to be careful, or you won’t keep up.”

    At the time of publishing, Bitcoin is back within the $100,000 territory, trading at around $102,000.

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  • Oklahoma introduces strategic Bitcoin reserve act

    Oklahoma introduces strategic Bitcoin reserve act

    • Oklahoma joins Texas, Pennsylvania, Ohio, New Hampshire and North Dakota in having Bitcoin reserve proposals.
    • State savings accounts and pension funds will have the nod to invest in BTC if the bill passes.

    Oklahoma is the latest US state to eye a strategic Bitcoin reserve after Rep. Cody Maynard officially introduced a ‘Strategic Bitcoin Reserve Act.’

    On Wednesday, January 15, 2025, Rep. Cody Maynard, announced the introduction of the groundbreaking proposal that could see Oklahoma embrace sound money with addition of BTC to state’s strategic reserve.

    “Bitcoin represents freedom from bureaucrats printing away our purchasing power,” Maynard said. “As a decentralized form of money, Bitcoin cannot be manipulated or created by government entities. It is the ultimate store of value for those who believe in financial freedom and sound money principles.”

    Sixth US state with a BTC reserve proposal

    The announcement follows similar initiatives in Texas, Pennsylvania, Ohio, New Hampshire and North Dakota. With Oklahoma taking this step, six US states are now actively looking at bills aimed at incorporating BTC into their financial systems.

     “This bill is about protecting the hard-earned money of Oklahoma’s citizens,” Maynard continued. “By diversifying our state’s savings and pension funds into digital assets, we are not only securing a stronger financial future for our state but also demonstrating Oklahoma’s leadership in adopting innovative fiscal policies.”

    President Donald Trump supports the idea of a US bitcoin reserve, a move that has legislators optimistic the new administration will make America the hub of crypto and BTC. US Senator Cynthia Lummis recently introduced the Bitcoin Act, which seeks to have the US government add BTC to its strategic reserve.

    Oklahoma’s new bill seeks to have the state’s savings accounts and pension funds invest in Bitcoin.

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