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Bitcoin Reserve Advocate Lands Appointment. BlackRock CEO Lobbies For Crypto.
The Senate Banking Committee has appointed Senator Cynthia Lummis to lead the new Subcommittee on Digital Assets, a move that signals growing governmental interest in cryptocurrency regulation and strategy. According to Investor's Business Daily, this appointment comes amid anticipation for the announcement of a strategic bitcoin reserve. Meanwhile, Larry Fink, CEO of BlackRock, is actively lobbying for crypto-friendly policies as part of his broader investment strategies.
Concerned about a Bitcoin Crash? A $65B CIO Shares a Low-Cost Trading Strategy
Jack Ablin from Cresset Capital suggests using a collar option strategy to hedge against potential downturns in Bitcoin prices while still benefiting from its upside potential. As reported by Business Insider, this method involves buying an out-of-the-money put and selling a call option, providing protection with limited volatility exposure. This approach allows investors cautious entry into the volatile world of cryptocurrencies without significant risk.
No Bitcoin Stockpile Yet as Trump Creates Crypto Working Group
An executive order signed by President Donald Trump establishes a working group led by David Sacks focused on developing federal strategies for regulating digital assets like cryptocurrencies and stablecoins. Axios reports that despite expectations among some stakeholders, there was no immediate directive to create a national bitcoin stockpile; instead, it calls for further study into such initiatives.
Strengthening American Leadership in Digital Financial Technology
A recent presidential order aims at bolstering U.S leadership within digital financial technologies while safeguarding economic freedoms related to blockchain usage and development. The White House outlines these goals through various policy measures including prohibiting Central Bank Digital Currencies due to concerns over privacy risks and financial stability threats. Additionally, it revokes previous directives underlining regulatory clarity essential for fostering innovation across sectors utilizing distributed ledger technologies.
Solana: The Top Cryptocurrency To Buy Right Now?
The Motley Fool highlights Solana’s rapid growth trajectory positioning itself as Ethereum's main competitor thanks to faster transaction speeds coupled with lower costs, attracting users globally amidst increasing demand for decentralized finance applications and gaming platforms. With anticipated spot ETFs potentially injecting billions, market capitalization could rise significantly, making Solana an attractive proposition for savvy investors seeking to diversify portfolios beyond traditional options available today.
Sources:
- Bitcoin Reserve Advocate Lands Appointment. BlackRock CEO Lobbies For Crypto.
- Concerned about a bitcoin crash? A $65B CIO shares a low-cost trading strategy to hedge downside risk
- Could Bitcoin reach $250,000 in 2025?
- 1 Top Cryptocurrency to Buy Right Now (Hint: It's Not Bitcoin)
- STRENGTHENING AMERICAN LEADERSHIP IN DIGITAL FINANCIAL TECHNOLOGY
- Trump creates crypto group, but no bitcoin stockpile order
