1. Trump's Crypto Reserve Plan May Drive Bitcoin Upward

Geoff Kendrick of Standard Chartered Bank pointed out that Trump's crypto reserve plan could provide long-term stability for Bitcoin, as investors' access to this asset continues to grow, making his $500,000 target a focal point of attention. Kendrick added that Trump's reserve statement eliminates the possibility of "bad outcomes" and opens up space for the crypto market to begin rising. -Original

2. U.S. Congress Forms Crypto Core Group to Promote Legislation

According to Eleanor Terrett, Republican leaders in the U.S. House of Representatives have joined forces with Congressman Ritchie Torres to establish the "Congressional Crypto Caucus," aimed at promoting legislation favorable to the crypto industry and forming a voting coalition in the House to support digital assets. -Original

3. Musk Criticizes the Federal Reserve and Calls for Dissolution

Odaily Planet Daily reports that Musk once again targeted the Federal Reserve on Monday, criticizing its bloated size and inefficiency, and calling for stricter audits. He shared a post on social media platform X demanding the "dissolution of the Federal Reserve," stating, "The number of people at the Fed is absurd." Musk's dissatisfaction extends beyond staffing; his criticism delves into the Fed's decision-making process, particularly its monetary policy. While the Fed's financial audits are regularly reviewed by the Government Accountability Office (GAO), Musk advocates for a more detailed examination of its policy decisions, especially those affecting interest rates. These measures directly impact the economy, and Musk believes the Fed should undergo external scrutiny beyond its internal framework. -Original

4. Trump's Crypto Reserve Plan Triggers Market Bullish Rebuild

Odaily Planet Daily reports that Trump announced on Truth Social on Sunday that he has instructed a presidential task force to advance a crypto strategic reserve that includes XRP, SOL, and ADA, with Bitcoin and Ethereum and other valuable cryptocurrencies becoming the core of the reserve. On Monday, Bitcoin rebounded above $93,000, with SOL rising over 20% and XRP up 30%. Spencer Hallarn, global head of over-the-counter trading at crypto investment firm GSR, stated that Trump's remarks "led participants to rush to rebuild bullish positions and became a strong driving force for price increases." -Original

5. U.S. Stocks Open Higher, Market Sentiment Warms Up

U.S. stocks opened with the Dow up 83 points, the Nasdaq up 70 points, and the S&P 500 up 0.25%. -Original

6. Swiss Central Bank Rejects Bitcoin as Reserve Asset

The Swiss National Bank (SNB) has made it clear that it will not consider Bitcoin as a reserve asset due to concerns about the stability of this cryptocurrency. This decision dealt a significant blow to hopes of Bitcoin becoming an accepted reserve asset. The Swiss central bank's cautious stance on Bitcoin is primarily due to its high price volatility and rapid changes. For instance, Bitcoin experienced a 17.5% drop in a single day in 2022. In contrast, traditional reserve investments like gold and foreign exchange have historically shown more stability, which is why central banks prefer these assets. This rejection highlights the challenges cryptocurrencies face in gaining recognition from the global mainstream banking system. Although some countries and enterprises are incorporating digital assets into their reserves, Bitcoin is still primarily viewed as a speculative investment rather than a fundamental financial tool. However, this decision may not hinder Bitcoin's long-term growth, as private adoption and other financial systems continue to evolve. -Original

7. Citigroup Says U.S. May Build Crypto Strategic Reserve, Needs Details

Wall Street bank Citigroup (C) stated in a research report on Monday that the likelihood of the U.S. establishing a crypto strategic reserve seems greater following President Trump's announcement over the weekend. The president announced that XRP, Solana (SOL), and Cardano (ADA) would be included in the strategic reserve, followed by Bitcoin (BTC) and Ethereum (ETH) being added to the asset list. Analyst Alex Saunders wrote, "The U.S. government's announcement of further plans to potentially become a strategic holder of digital assets will enhance the legitimacy of this asset class." Citigroup noted that the U.S. government currently holds about $19 billion in cryptocurrencies, primarily Bitcoin, while holding $750 billion in gold. The report stated that the vast majority of the government's holdings from seizures are Bitcoin, indicating that the accumulation of other digital assets is likely funded by purchases from the open market. Nevertheless, "the selection criteria are currently unclear," and pre-announcing such investments could adversely affect investors, the bank added, citing a past instance involving the British government when it held gold in the late 1990s. The bank stated that further clarification on which tokens will be included in the reserve's selection criteria would provide more support. Broker Bernstein noted in a report last month that the Federal Reserve might issue bonds or sell part of its gold reserves to fund cryptocurrency purchases. The U.S. crypto task force will focus on providing a national Bitcoin reserve: Bernstein. -Original

8. SEC Crypto Task Force Appoints New Chief Legal Counsel

The newly established cryptocurrency special task force of the U.S. Securities and Exchange Commission (SEC) has appointed a cryptocurrency lawyer as its new chief legal counsel. Michael Selig was announced as the chief legal counsel for the task force in a statement released by the SEC on Monday. He was previously a partner at the white-shoe law firm Willkie Farr & Gallagher in New York and was a member of the firm's cryptocurrency practice. Before joining Willkie, Selig interned at the Commodity Futures Trading Commission (CFTC). In a post on Monday X, former CFTC Chairman Chris Giancarlo, affectionately referred to by many in the industry as the "father of cryptocurrency," congratulated Selig on his appointment. Giancarlo is also a senior legal advisor at Wilkie Farr, overseeing the firm's digital assets practice. "I am proud and excited that my mentee, former CFTC intern, and Willkie partner Mike Selig has been appointed as the chief legal counsel of the new SEC cryptocurrency task force," Giancarlo wrote. Last October, Selig wrote a column for CoinDesk outlining his recommendations for how the SEC could move away from the so-called "enforcement-centric regulation" under former Chairman Gary Gensler and create a regulatory environment that encourages innovation. Several of Selig's suggestions—including the repeal of the controversial Staff Accounting Bulletin 121 and withdrawal from certain lawsuits—have already been implemented by the new cryptocurrency task force. Selig is one of 14 staff members mentioned in Monday's announcement. His colleagues include several industry figures—former policy director of the crypto think tank Coin Center Landon Zinda and former Baker Hostetler LLP attorney Veronica Reynolds, who focus on legal issues related to NFTs and the metaverse, both of whom will serve as senior advisors to the task force—as well as career SEC staff. The news of Zinda's appointment to the task force was announced in February. "The crypto task force demonstrates deep expertise and a passionate commitment—helped by other excellent staff at the commission and interested members of the public—to find workable solutions to the tricky regulatory issues surrounding crypto," said task force leader and commissioner Hester Peirce in a statement on Monday. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com).

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。