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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.
Crypto
U.S. lawmaker says U.S. should seek to secure 5 percent of bitcoin supply, sets six-month legislative deadline
Republican U.S. Representative Nick Begich has proposed targeting about 5 percent of total bitcoin supply for a U.S. strategic bitcoin reserve. In an interview with Fox Business, he urged lawmakers to pass related legislation within about six months, before the 2026 midterm elections. He backed the ARMA bill and likened a bitcoin reserve to a “new Fort Knox.” Funding options discussed include using crypto seized under Iran sanctions, with Japan yen figures cited.
