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Crypto

U.S. strategic Bitcoin reserve bill clears House panel, bars sales for 20 years

The U.S. House Financial Services Committee approved legislation that would bar the federal government from selling or transferring Bitcoin it holds for 20 years. The bill still needs approval by the full House and the Senate. It would require the Treasury Department to overhaul custody systems within 180 days and mandate audits by an independent third party. The measure does not require new Bitcoin purchases, unlike a separate Senate proposal.

Crypto

U.S. lawmaker proposes bill to hold seized bitcoin as reserve asset

A bill is being pursued in the U.S. Congress that would require the federal government to hold bitcoin seized in law enforcement operations instead of auctioning it. Republican Representative Nick Begich said the proposal, called the American Reserve Asset Modernization Act, aims to replace the practice of immediate sales. He argued bitcoin could serve as a reserve asset because of scarcity and a dispersed ownership base, and described it as insurance against potential dollar depreciation.

Crypto

KOSPI at 8,400 raises question of when bitcoin will rise as Ethereum foundation infighting spreads

South Korea\'s KOSPI has broken above 8,400 for the first time and is up 100 percent this year, led by a semiconductor rally and inflows into leveraged chip ETFs. By contrast, domestic crypto trading value has fallen about 80 percent and the so-called kimchi premium has turned negative. Attention is also on the U.S. Clarity bill, a proposed federal bitcoin reserve law, and debate inside the Ethereum Foundation over priorities and governance.