singh love
Open Trade
Frequent Trader
6.5 Months
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New policies that may be introduced at the Trump Crypto Summit.
#白宫首届加密货币峰会
#白宫首届加密货币峰会
See original
Believer
$BTC
There will always be someone in this desolate world to give you a bit of warmth. Even if the world is barren, there will be one person who is your believer! Friends of the Earth 🌏 village, good morning! The answer ☞ believer
There will always be someone in this desolate world to give you a bit of warmth. Even if the world is barren, there will be one person who is your believer! Friends of the Earth 🌏 village, good morning! The answer ☞ believer
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السنة الثانية للهجرة
#لاتنسى_الصلاة_على_النبي
Apology to the followers for my absence: A promise to renew and return with strength!
Dear friends, my esteemed followers,
I know my absence has been long, and you may have noticed my limited presence in the past period. This was not easy for me, but sometimes life takes us on unexpected paths, forcing us to step back a little to reorganize and return with a renewed spirit.
I miss your interaction and support, which has always been a source of inspiration for me, and I appreciate everyone who asked or noticed my absence. You are more than just followers; you are my digital family that I cherish.
But today I return to you with greater enthusiasm, and I promise you that what’s coming will be better, with more useful and distinguished content, and new ideas that deserve your wait. Thank you for your patience, and thank you for your continued support.
Is there something specific you would like to see in the future? Let me know in the comments, as I read every word with interest!
With my sincere appreciation,
[Millionaire by God's grace]
#لا_إله_إلا_أنت_سبحانك_اني_كنت_من_الظالمين
#استغفر_الله_العظيم_وأتوب_إليه #MtGoxTransfers
$XRP
Apology to the followers for my absence: A promise to renew and return with strength!
Dear friends, my esteemed followers,
I know my absence has been long, and you may have noticed my limited presence in the past period. This was not easy for me, but sometimes life takes us on unexpected paths, forcing us to step back a little to reorganize and return with a renewed spirit.
I miss your interaction and support, which has always been a source of inspiration for me, and I appreciate everyone who asked or noticed my absence. You are more than just followers; you are my digital family that I cherish.
But today I return to you with greater enthusiasm, and I promise you that what’s coming will be better, with more useful and distinguished content, and new ideas that deserve your wait. Thank you for your patience, and thank you for your continued support.
Is there something specific you would like to see in the future? Let me know in the comments, as I read every word with interest!
With my sincere appreciation,
[Millionaire by God's grace]
#لا_إله_إلا_أنت_سبحانك_اني_كنت_من_الظالمين
#استغفر_الله_العظيم_وأتوب_إليه #MtGoxTransfers
$XRP
xrp
Claim your free gift, enter here to claim your free gift 👈🎁اضغط هنا للمطالبة🎁 👉
XrpMafia🚀
🚀 XRPMAFIA AMM Pool – The Future Belongs to the Bosses! 🔥
💎 XRPMAFIA is growing – Be part of the movement! 💎
🔥 TVL +81% in 7 days – The family is expanding!
📈 85.83% APR – Let your XRP work for you!
💰 7.2K XRP in the pool & rising volume – The market is moving, don’t get left behind!
🛠 What is this?
The XRPMAFIA/XRP AMM Pool on the XRPL allows you to provide liquidity and earn passive income through trading fees and high APR. As the market grows, so does your stack!
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✅ Early investors win the most – Be an OG!
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✅ We don’t sell, we take over!
🔥 Don’t just watch – MAKE MOVES! 🔥
👉 Add liquidity now & join the XRPMAFIA empire!
🚀💰♠️
💎 XRPMAFIA is growing – Be part of the movement! 💎
🔥 TVL +81% in 7 days – The family is expanding!
📈 85.83% APR – Let your XRP work for you!
💰 7.2K XRP in the pool & rising volume – The market is moving, don’t get left behind!
🛠 What is this?
The XRPMAFIA/XRP AMM Pool on the XRPL allows you to provide liquidity and earn passive income through trading fees and high APR. As the market grows, so does your stack!
💡 Why deposit now?
✅ Early investors win the most – Be an OG!
✅ Your money works for you – no stress, just profits.
✅ Be part of an exclusive community – XRPMAFIA runs the game!
✅ We don’t sell, we take over!
🔥 Don’t just watch – MAKE MOVES! 🔥
👉 Add liquidity now & join the XRPMAFIA empire!
🚀💰♠️
XRPMAFIA G1FT BOX
Yo, XRP Mafia Gang ‼️
We are launching a BUYING COMPETITION to show the strength of our community.
Minimum entry: 500M coins..
The Mafia never stops supporting your team, so pay attention:
The biggest buyer wins 1 BILLION coins on the spot!
The second biggest wins 300M coins.
The third place takes home 200M coins.
You have 48 HOURS to stack these coins and secure your spot. Hold your coins until the deadline ‼️
The clock is ticking—let's make it rain.
#XrpMafia589
LFG Mafia
#XRPMafia #cryptocompetition #CoinGiveaway
We are launching a BUYING COMPETITION to show the strength of our community.
Minimum entry: 500M coins..
The Mafia never stops supporting your team, so pay attention:
The biggest buyer wins 1 BILLION coins on the spot!
The second biggest wins 300M coins.
The third place takes home 200M coins.
You have 48 HOURS to stack these coins and secure your spot. Hold your coins until the deadline ‼️
The clock is ticking—let's make it rain.
#XrpMafia589
LFG Mafia
#XRPMafia #cryptocompetition #CoinGiveaway
XrpMafia🚀
Yo, XRP Mafia Gang ‼️
We are launching a BUYING COMPETITION to show the strength of our community.
Minimum entry: 500M coins..
The Mafia never stops supporting your team, so pay attention:
The biggest buyer wins 1 BILLION coins on the spot!
The second biggest wins 300M coins.
The third place takes home 200M coins.
You have 48 HOURS to stack these coins and secure your spot. Hold your coins until the deadline ‼️
The clock is ticking—let's make it rain.
#XrpMafia589
LFG Mafia
#XRPMafia #cryptocompetition #CoinGiveaway
We are launching a BUYING COMPETITION to show the strength of our community.
Minimum entry: 500M coins..
The Mafia never stops supporting your team, so pay attention:
The biggest buyer wins 1 BILLION coins on the spot!
The second biggest wins 300M coins.
The third place takes home 200M coins.
You have 48 HOURS to stack these coins and secure your spot. Hold your coins until the deadline ‼️
The clock is ticking—let's make it rain.
#XrpMafia589
LFG Mafia
#XRPMafia #cryptocompetition #CoinGiveaway
See original
Following you
View my earnings and portfolio details. Follow me to learn investment tips! Answer ☞ I've followed you
See original
Trump's Evening Speech
DOGE Market Analysis and Expectations
Dogecoin's (DOGE) ETF application has also made new progress. The New York Stock Exchange has received documents related to the Dogecoin ETF from Beta West, and Dogecoin is very likely to become another cryptocurrency with an ETF after Bitcoin, Ethereum, and Litecoin.
If approved, the Dogecoin ETF could begin trading soon. This year, the number of cryptocurrency ETFs is expected to increase significantly, with applications also in progress for others like Solana. Dogecoin's relatively mature proof-of-work mechanism and decentralized characteristics enhance the likelihood of its ETF approval. If successful, it will represent a significant leap forward for cryptocurrency ETFs, which is undoubtedly a major boon for the market.
#特朗普国会演讲 #白宫首届加密货币峰会 #美国加征关税
DOGE:
Upper resistance: 0.2024/0.211
Lower support: 0.1907/0.1854
Friendly reminder: Stop loss on breakouts
Dogecoin's (DOGE) ETF application has also made new progress. The New York Stock Exchange has received documents related to the Dogecoin ETF from Beta West, and Dogecoin is very likely to become another cryptocurrency with an ETF after Bitcoin, Ethereum, and Litecoin.
If approved, the Dogecoin ETF could begin trading soon. This year, the number of cryptocurrency ETFs is expected to increase significantly, with applications also in progress for others like Solana. Dogecoin's relatively mature proof-of-work mechanism and decentralized characteristics enhance the likelihood of its ETF approval. If successful, it will represent a significant leap forward for cryptocurrency ETFs, which is undoubtedly a major boon for the market.
#特朗普国会演讲 #白宫首届加密货币峰会 #美国加征关税
DOGE:
Upper resistance: 0.2024/0.211
Lower support: 0.1907/0.1854
Friendly reminder: Stop loss on breakouts
See original
Crypto Emperor
$TRUMP
What do you all think about the rise or fall of Trump Coin this time? It's all about this wave, is it the Crypto Emperor! Or is it just a cutie? Success or failure hinges on this one move! Everyone speak boldly! Those who are optimistic, let's see a wave for the Crypto Emperor in the comments 😄 Like it 👍🏻. The answer ☞ Crypto Emperor
What do you all think about the rise or fall of Trump Coin this time? It's all about this wave, is it the Crypto Emperor! Or is it just a cutie? Success or failure hinges on this one move! Everyone speak boldly! Those who are optimistic, let's see a wave for the Crypto Emperor in the comments 😄 Like it 👍🏻. The answer ☞ Crypto Emperor
See original
Follow the Guigu Research Institute
Trump just sent 4000 oil
Thank you (*^_^*)🎁
Follow the Guigu Research Institute
Thank you (*^_^*)🎁
Follow the Guigu Research Institute
1
You have points again. You can check in at the check-in center. ..😏😏😏
2020
Looz_crypto
--
Bearish
Pump.fun volume drops by 63% in February
Despite hitting its lowest trading volume since October, Pump.fun’s February figures still rank as the fourth-highest since its launch in 2024.
Trading volume on Pump.fun, a token launchpad in the Solana ecosystem, has plunged 63% from January to February 2025, data from Dune Analytics shows. The decline comes as memecoins face mounting scrutiny amid a string of scandals.
In total, the platform’s trading volume declined from $119 billion to $44 billion in the first two months of 2025, with $2.1 billion in trading activity recorded in the past four days.
As Cointelegraph reported, new token listings on Pump.fun are also down. After seeing a high of nearly 1,200 tokens per day on Jan. 24, the number dropped below 300 per day in early March.
According to Plotnikova, “Insider rings, pump-and-dump schemes, and sniper groups have replaced the organic, collectible nature of original memecoins, creating an unhealthy playing field.”
Memecoins have caught the attention of the US Securities and Exchange Commission as well. In a Feb. 27 statement, the SEC confirmed that memecoins aren’t securities, but noted that fraud will still be policed.
$SOL
#pumpfun #MarketPullback
Despite hitting its lowest trading volume since October, Pump.fun’s February figures still rank as the fourth-highest since its launch in 2024.
Trading volume on Pump.fun, a token launchpad in the Solana ecosystem, has plunged 63% from January to February 2025, data from Dune Analytics shows. The decline comes as memecoins face mounting scrutiny amid a string of scandals.
In total, the platform’s trading volume declined from $119 billion to $44 billion in the first two months of 2025, with $2.1 billion in trading activity recorded in the past four days.
As Cointelegraph reported, new token listings on Pump.fun are also down. After seeing a high of nearly 1,200 tokens per day on Jan. 24, the number dropped below 300 per day in early March.
According to Plotnikova, “Insider rings, pump-and-dump schemes, and sniper groups have replaced the organic, collectible nature of original memecoins, creating an unhealthy playing field.”
Memecoins have caught the attention of the US Securities and Exchange Commission as well. In a Feb. 27 statement, the SEC confirmed that memecoins aren’t securities, but noted that fraud will still be policed.
$SOL
#pumpfun #MarketPullback
OB!TO🧸
$GPS
#GPS
GPS Crypto Coin is a revolutionary new cryptocurrency that utilizes a blockchain with an area-based gamification layer. This unique feature rewards users fodr their engagement and encourages them to explore new locations. The coin is built on the Ethereum network, making it a secure and reliable investment opportunity.
✨Key Features of GPS Crypto Coin✨
1. Proof of Location (PoL):
GPS Crypto Coin's most distinctive feature is its use of Proof of Location, which rewards users for visiting specific locations. This feature is powered by the Ubiq network and allows users to earn cryptocurrency through a blockchain-based gaming experience.
2. Area-Based Gamification:
The coin's area-based gamification layer encourages users to explore new locations and engage with the community. This feature has the potential to create a new era of location-based gaming and social interaction.
3. Security:
GPS Crypto Coin is built on the Ethereum network, making it a secure and reliable investment opportunity. The coin's use of blockchain technology ensures that all transactions are secure, transparent, and tamper-proof.
💥Conclusion💥
GPS Crypto Coin is a revolutionary new cryptocurrency that has the potential to change the face of the industry. Its use of Proof of Location and area-based gamification creates a unique and innovative gaming experience, while its security features ensure that all transactions are secure, transparent, and tamper-proof. As the world of cryptocurrency continues to evolve, GPS Crypto Coin is definitely one to watch.
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
#GPS
GPS Crypto Coin is a revolutionary new cryptocurrency that utilizes a blockchain with an area-based gamification layer. This unique feature rewards users fodr their engagement and encourages them to explore new locations. The coin is built on the Ethereum network, making it a secure and reliable investment opportunity.
✨Key Features of GPS Crypto Coin✨
1. Proof of Location (PoL):
GPS Crypto Coin's most distinctive feature is its use of Proof of Location, which rewards users for visiting specific locations. This feature is powered by the Ubiq network and allows users to earn cryptocurrency through a blockchain-based gaming experience.
2. Area-Based Gamification:
The coin's area-based gamification layer encourages users to explore new locations and engage with the community. This feature has the potential to create a new era of location-based gaming and social interaction.
3. Security:
GPS Crypto Coin is built on the Ethereum network, making it a secure and reliable investment opportunity. The coin's use of blockchain technology ensures that all transactions are secure, transparent, and tamper-proof.
💥Conclusion💥
GPS Crypto Coin is a revolutionary new cryptocurrency that has the potential to change the face of the industry. Its use of Proof of Location and area-based gamification creates a unique and innovative gaming experience, while its security features ensure that all transactions are secure, transparent, and tamper-proof. As the world of cryptocurrency continues to evolve, GPS Crypto Coin is definitely one to watch.
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
See original
👿Oni_box_return👿
#TrumpCongressSpeech
Donald Trump's speech to Congress on March 4, 2025, reinforces his nationalist and populist policies with the slogan "America is Back." He highlights his achievements in curbing illegal immigration, defending new tariff policies against Canada, China, and Mexico, and pledges to reopen more than 100 power plants that were previously closed.
One notable moment is his praise for Elon Musk for his contributions in cutting federal bureaucracy, which was met with enthusiastic applause from Republicans but jeers from Democrats. Additionally, Trump expressed his intention to revive the Abraham Accords, aimed at normalizing relations between Israel and Arab countries.
The speech elicited mixed reactions. Republicans offered full support, while many Democrats expressed disagreement by holding up signs reading "Fake" and "Musk steals." Some even staged a walkout, highlighting how polarized U.S. politics has become under his leadership.
Overall, the speech reinforces Trump's image as a decisive leader unafraid of controversy, but also deepens the political divide in the United States.
🎁 BP9DC4Q26A
Donald Trump's speech to Congress on March 4, 2025, reinforces his nationalist and populist policies with the slogan "America is Back." He highlights his achievements in curbing illegal immigration, defending new tariff policies against Canada, China, and Mexico, and pledges to reopen more than 100 power plants that were previously closed.
One notable moment is his praise for Elon Musk for his contributions in cutting federal bureaucracy, which was met with enthusiastic applause from Republicans but jeers from Democrats. Additionally, Trump expressed his intention to revive the Abraham Accords, aimed at normalizing relations between Israel and Arab countries.
The speech elicited mixed reactions. Republicans offered full support, while many Democrats expressed disagreement by holding up signs reading "Fake" and "Musk steals." Some even staged a walkout, highlighting how polarized U.S. politics has become under his leadership.
Overall, the speech reinforces Trump's image as a decisive leader unafraid of controversy, but also deepens the political divide in the United States.
🎁 BP9DC4Q26A
yes
#TrumpCongressSpeech
Donald Trump's speech to Congress on March 4, 2025, reinforces his nationalist and populist policies with the slogan "America is Back." He highlights his achievements in curbing illegal immigration, defending new tariff policies against Canada, China, and Mexico, and pledges to reopen more than 100 power plants that were previously closed.
One notable moment is his praise for Elon Musk for his contributions in cutting federal bureaucracy, which was met with enthusiastic applause from Republicans but jeers from Democrats. Additionally, Trump expressed his intention to revive the Abraham Accords, aimed at normalizing relations between Israel and Arab countries.
The speech elicited mixed reactions. Republicans offered full support, while many Democrats expressed disagreement by holding up signs reading "Fake" and "Musk steals." Some even staged a walkout, highlighting how polarized U.S. politics has become under his leadership.
Overall, the speech reinforces Trump's image as a decisive leader unafraid of controversy, but also deepens the political divide in the United States.
🎁 BP9DC4Q26A
Donald Trump's speech to Congress on March 4, 2025, reinforces his nationalist and populist policies with the slogan "America is Back." He highlights his achievements in curbing illegal immigration, defending new tariff policies against Canada, China, and Mexico, and pledges to reopen more than 100 power plants that were previously closed.
One notable moment is his praise for Elon Musk for his contributions in cutting federal bureaucracy, which was met with enthusiastic applause from Republicans but jeers from Democrats. Additionally, Trump expressed his intention to revive the Abraham Accords, aimed at normalizing relations between Israel and Arab countries.
The speech elicited mixed reactions. Republicans offered full support, while many Democrats expressed disagreement by holding up signs reading "Fake" and "Musk steals." Some even staged a walkout, highlighting how polarized U.S. politics has become under his leadership.
Overall, the speech reinforces Trump's image as a decisive leader unafraid of controversy, but also deepens the political divide in the United States.
🎁 BP9DC4Q26A
See original
Rise
Trump Announces Cryptocurrency Strategic Reserve, Bitcoin Soars by $10,000
On Sunday, Trump posted on social media that the U.S. will create a cryptocurrency strategic reserve, which will include Bitcoin, Ethereum, as well as Ripple, Solana, and Cardano.
In response to this news, cryptocurrencies surged on Sunday. The post stated: "For years, the Biden administration has unjustly suppressed the cryptocurrency industry, and the U.S. cryptocurrency reserve will elevate this crucial sector. I will ensure that America becomes the world's cryptocurrency capital."
In a subsequent post, he also mentioned: "Clearly, Bitcoin and Ethereum will be the core of this reserve." Following the announcement, Ripple surged by 33% on Sunday, Solana jumped by 22%, Cardano increased by over 60%, and Bitcoin rose by $10,000, peaking at nearly $95,000.
This is the first time Trump has explicitly expressed support for establishing a cryptocurrency 'reserve' rather than a 'reserve inventory.' A 'reserve' implies a proactive and planned acquisition of cryptocurrencies, while a 'reserve inventory' merely means the U.S. government will not sell any of the cryptocurrencies it currently holds.
On Sunday, Trump posted on social media that the U.S. will create a cryptocurrency strategic reserve, which will include Bitcoin, Ethereum, as well as Ripple, Solana, and Cardano.
In response to this news, cryptocurrencies surged on Sunday. The post stated: "For years, the Biden administration has unjustly suppressed the cryptocurrency industry, and the U.S. cryptocurrency reserve will elevate this crucial sector. I will ensure that America becomes the world's cryptocurrency capital."
In a subsequent post, he also mentioned: "Clearly, Bitcoin and Ethereum will be the core of this reserve." Following the announcement, Ripple surged by 33% on Sunday, Solana jumped by 22%, Cardano increased by over 60%, and Bitcoin rose by $10,000, peaking at nearly $95,000.
This is the first time Trump has explicitly expressed support for establishing a cryptocurrency 'reserve' rather than a 'reserve inventory.' A 'reserve' implies a proactive and planned acquisition of cryptocurrencies, while a 'reserve inventory' merely means the U.S. government will not sell any of the cryptocurrencies it currently holds.
ok
Simey闪电
--
#美国加密战略储备 familiar formula, same routine, $BTC it has rebounded, after every severe waterfall there is a wave of strong rebound, although currently there are quite a few rebounds, everyone still needs to pay attention, after all, if we want to push upwards, it requires a lot of energy, whether it's 312, 313, or other dark moments in the crypto world, before the bull market arrives, there is always a painful torment, it has never been easy or smooth, so everyone still needs to be prepared for another pullback after the rebound, and avoid being too forceful.
See original
Ethereum
Latest news from the crypto world! A must-read for traders!
1. A certain whale spent $6.2 million in the past 4 hours to increase their holdings of 366,478 TRUMP.
2. CryptoQuant CEO: The current rise in Bitcoin is driven by whales on Coinbase.
3. After Trump's 'call', ADA rebounded strongly, with a 24-hour increase of nearly 70%.
4. In the past 24 hours, the entire network saw liquidations of $803 million, primarily from short positions.
5. David Sacks: President Trump is delivering on his promises, pushing the U.S. to become the 'world's crypto capital.'
6. David Sacks: The cryptocurrency reserves may include more valuable cryptocurrencies.
7. Trump: BTC and ETH will also become the core of the reserves.
8. ADA's market capitalization surpasses DOGE, ranking 8th in cryptocurrency market cap.
9. The probability of a Solana ETF getting approved this year is currently reported at 85% on Polymarket.
10. Trump instructed the presidential task force to advance a cryptocurrency strategic reserve including XRP, SOL, and ADA.
11. Users with 50x leverage on BTC and ETH have increased their positions again, bringing the total position to $220 million.
12. f2pool: When Bitcoin's price is at $80,000, the 300W/T mining platform is at the breakeven point.
13. This week, Ethereum ETF saw a net outflow of $335.5 million, while Bitcoin ETF had a net inflow for only one day this week, with an overall net outflow of nearly $2.4 billion.
14. Tether minted an additional 1 billion USDT on Ethereum.
15. A certain whale withdrew 2,100 Bitcoin from Binance in the past 24 hours, equivalent to about $180 million.
16. Data: In the past 7 days, wallets on Coinbase Pro have seen outflows of over 13,000 BTC.
#美国加密战略储备 #白宫首届加密货币峰会 #芝商所将推出SOL期货 #币安盘前市场上线RED #美国加征关税 $ETH
$BTC
1. A certain whale spent $6.2 million in the past 4 hours to increase their holdings of 366,478 TRUMP.
2. CryptoQuant CEO: The current rise in Bitcoin is driven by whales on Coinbase.
3. After Trump's 'call', ADA rebounded strongly, with a 24-hour increase of nearly 70%.
4. In the past 24 hours, the entire network saw liquidations of $803 million, primarily from short positions.
5. David Sacks: President Trump is delivering on his promises, pushing the U.S. to become the 'world's crypto capital.'
6. David Sacks: The cryptocurrency reserves may include more valuable cryptocurrencies.
7. Trump: BTC and ETH will also become the core of the reserves.
8. ADA's market capitalization surpasses DOGE, ranking 8th in cryptocurrency market cap.
9. The probability of a Solana ETF getting approved this year is currently reported at 85% on Polymarket.
10. Trump instructed the presidential task force to advance a cryptocurrency strategic reserve including XRP, SOL, and ADA.
11. Users with 50x leverage on BTC and ETH have increased their positions again, bringing the total position to $220 million.
12. f2pool: When Bitcoin's price is at $80,000, the 300W/T mining platform is at the breakeven point.
13. This week, Ethereum ETF saw a net outflow of $335.5 million, while Bitcoin ETF had a net inflow for only one day this week, with an overall net outflow of nearly $2.4 billion.
14. Tether minted an additional 1 billion USDT on Ethereum.
15. A certain whale withdrew 2,100 Bitcoin from Binance in the past 24 hours, equivalent to about $180 million.
16. Data: In the past 7 days, wallets on Coinbase Pro have seen outflows of over 13,000 BTC.
#美国加密战略储备 #白宫首届加密货币峰会 #芝商所将推出SOL期货 #币安盘前市场上线RED #美国加征关税 $ETH
$BTC
yes
Good morning
Collect the gifts 🧧🧧
👉👉. Gift no1
👉👉. Gift no 2
Claim the above gifts
Collect the gifts 🧧🧧
👉👉. Gift no1
👉👉. Gift no 2
Claim the above gifts
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TexasBTCReserveBill
18,937 views
209 Discussing
#TexasBTCReserveBill
Texas has recently made significant strides toward establishing a Bitcoin reserve. On March 6, 2025, the Texas Senate passed Senate Bill 21 (SB-21) with a 25-5 vote, aiming to create a Bitcoin and cryptocurrency strategic reserve for the state. Introduced by State Senator Charles Schwertner in January 2025, the bill was initially focused solely on Bitcoin but was later amended to include other digital assets following President Donald Trump's executive order on January 23, which directed a commission to study the feasibility of a "digital asset stockpile."
The legislation empowers the Texas Comptroller of Public Accounts to acquire, sell, and trade investments that a prudent investor would consider, positioning Bitcoin and other cryptocurrencies as potential hedges against inflation and economic volatility. The bill also allows for public donations of Bitcoin to the reserve and mandates secure storage and regular audits to ensure transparency and security.
This initiative aligns with a broader national trend, as President Trump has proposed creating a U.S. strategic cryptocurrency reserve, which would include major cryptocurrencies like Bitcoin, Ether, XRP, Solana, and Cardano. The federal proposal aims to position the United States as a leader in the crypto industry, serving as a hedge against inflation and enhancing the financial system's efficiency.
While Texas moves forward with its Bitcoin reserve plans, other states have exhibited varying levels of interest. States such as Arizona and Utah have advanced similar bills, whereas Montana, Wyoming, North Dakota, South Dakota, and Pennsylvania have rejected such initiatives due to concerns over Bitcoin's volatility and the potential risks to taxpayers.
Critics of Texas's plan argue that investing taxpayer money in Bitcoin could be risky, given the cryptocurrency's unpredictable nature. They caution that such a move might benefit the crypto industry disproportionately and could lead to taxpayer-funded bailouts if the market experiences downturns.
Bitcoin $BTC $BNB
waseem381
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Trump’sExecutiveOrder
48,898 views
338 Discussing
MexicoEndsTariff
354,115 views
844 Discussing