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Crypto

Hagerty opposes CBDC, calls for expanding U.S. strategic bitcoin reserve

U.S. Senator Bill Hagerty (빌 해거티) said he opposes introducing a central bank digital currency, arguing it does not align with freedom and civil liberties. In an interview cited by Bitcoin Magazine, he said regulatory uncertainty has hurt the crypto industry and pointed to pressure under former SEC chair Gary Gensler. He also discussed congressional work on the CLARITY Act, stablecoin regulation under the GENIUS Act, and expanding a U.S. strategic bitcoin reserve of about 200,000 bitcoin.

Crypto

U.S. Treasury secretary says stablecoins boost dollar\'s dominance, legislative gap remains

The U.S. Treasury has stressed the need to secure leadership in digital assets and said stablecoins can strengthen the dollar’s global standing. Treasury Secretary Scott Bessent said at Ripple’s Swell conference in New York that digital assets, AI and semiconductors are key infrastructure battlegrounds with China. He highlighted dollar-linked stablecoins’ reliance on U.S. Treasuries and said they could broaden dollar access. U.S. legislation remains uncertain, with parts advancing while a broader market-structure bill has failed.

Crypto

Bitcoin sentiment cools; analyst says it may signal early stage bull market

Investor sentiment around bitcoin remains subdued even as the cryptocurrency holds near $80,000, and that mood could be an early sign of a bull market, an analysis showed. Software engineer Michael Sullivan pointed to a gap between price strength and weak expectations. He cited language-based sentiment data showing fading excitement and conviction similar to 2015, and said muted reactions after a pullback from $86,000 to about $81,000 supported a bullish case.