USCryptoPolicy

On December 6, Donald Trump, the President-elect of the United States, announced the appointment of David Sacks, one of PayPal’s co-founders, to lead cryptocurrency policy and oversee artificial intelligence development in the White House. In this new role, Sacks will work on creating regulatory frameworks for the digital assets industry and will chair the President’s Council on Science and Technology.
David Sacks, born in South Africa, earned an economics degree from Stanford University and a law degree from the University of Chicago. His career began at PayPal, where he served as Chief Operating Officer and became a member of the famous “PayPal Mafia”—a group of successful entrepreneurs who emerged from the company. Later, Sacks founded the corporate social network Yammer and launched the venture capital fund Craft Ventures, which actively invests in cryptocurrency startups.

Currently, Craft Ventures’ portfolio includes 12 projects, each offering unique solutions for the cryptocurrency market:
1. dYdX – A decentralized trading platform for perpetual contracts, margin trading, and spot trading. Craft Ventures’ investments contributed to the project’s token value surging by over 24% in a single day.

2. Lightning Labs – A software developer for the Lightning Network, enabling instant and scalable Bitcoin transactions. The company also offers financial solutions without intermediaries.
3. River Financial – A service providing brokerage and mining management exclusively focused on Bitcoin.
4. Kresus – A Web3 mobile app for managing and securely storing digital assets.
5. Set Protocol – A platform for creating and managing tokenized asset baskets. Key products include the DeFi Pulse Index ($DPI) and the ETH 2x Flexible Leverage Index.
6. Fold – A Visa debit card with a rewards system that offers Bitcoin cashback for everyday purchases.
7. Harbor – A project specializing in tokenizing digital securities and alternative investments. In 2020, it was acquired by BitGo.
8. Handshake – A decentralized domain name system (DNS) that provides an independent naming protocol. Major investors include Andreessen Horowitz and Pantera Capital.
9. Voltage – An infrastructure service for businesses leveraging the Lightning Network with a focus on Bitcoin.
10. Galoy – A Bitcoin-based banking solution offering APIs, mobile wallets, and management tools.
11. Lumina – A platform for managing cryptocurrency portfolios, accounting, and tax calculations.
12. Rare Bits – A marketplace for buying and selling cryptocurrency-based collectibles. Despite its ambitious plans, the project is currently inactive.
Sacks’ appointment could significantly influence the development of cryptocurrency policy in the United States.

#DavidSacks #CraftVentures #dYdX #USCryptoPolicy #Web3

While I can't offer $BTC 100% pure predictions, here’s how traders might respond to Senator Hagerty’s GENIUS Act and its potential impact on the market:
Monitor Legislation Progress: Keep an eye on how the GENIUS Act progresses through Congress. If it moves closer to becoming law, it could trigger market reactions, especially from stablecoin issuers and related businesses.Analyze Stablecoin Issuers: Companies that issue stablecoins could face regulatory changes that may affect their operations. Traders should research major stablecoin issuers, such as Tether ($USDT) and Circle ($USDC ), to understand how these regulations could impact their market dynamics.Track Federal Reserve and OCC Involvement: The potential for federal oversight from the Federal Reserve and OCC could change how stablecoins are issued and managed. Watch for any shifts in policy or regulatory statements from these agencies, as they may affect prices and market behavior.Focus on Compliance and Reserves: With stricter reserve requirements, stablecoin issuers will need to secure strong backing. This might create a more stable market for certain stablecoins, but it could also weed out smaller or less-compliant players. Stay updated on who is meeting these new standards.Prepare for Market Volatility: While the bill aims to bring stability, regulatory news can cause volatility in the short term. It’s important to stay prepared for price swings as traders digest the details of the proposed regulations.Evaluate Long-Term Potential: If the GENIUS Act is successful, it could lay the groundwork for more institutional adoption of stablecoins, which may drive long-term growth. $XRP Traders with a long-term horizon may view this as an opportunity for steady growth.Consider Strategic Positions: As regulations become clearer, some traders might decide to take positions in stablecoin-related assets or companies that would benefit from a well-defined regulatory framework.
Overall, while the legislation is positive for stablecoins in the long run, there may be short-term market volatility as traders adjust their positions based on new information. As always, conduct thorough research and manage risk accordingly.

#StablecoinRevolution #GENIUSAct #CryptoLegislation #USCryptoPolicy #CryptoFuture #BlockchainInnovation #RegulationWatch #CryptoGovernance

While Bitcoin price is still trading above $100,000, the crypto market is keeping an eye on a recent executive order.
Signed by President Donald Trump, it seeks to establish a digital asset fund also known as Bitcoin.
This is a clear indication of government adoption of cryptocurrencies and may signal a shift in the direction of Bitcoin price and market trends.

Governmental Endorsement and Market Stability
Notably, the US plan to hold cryptocurrencies shows how digital assets are being incorporated into conventional economic systems. It also indicates a possible increase in the Bitcoin price in the market.

Additionally, historical data indicates that the same type of endorsement or rejection by other authoritative bodies has resulted in prompt and significant fluctuations in the cryptocurrency value.
As the U.S. government has backed this, cryptocurrency enthusiasts are hopeful that Bitcoin may reach $120,000 in the current fiscal quarter.

At the date of the announcement, the price of Bitcoin slightly rose, and experts claim that the market’s reaction to the new policy was rather cautious.
While the long-term impact of these changes is still unknown, the initial response of the market is relatively positive. This has enabled Bitcoin to continue holding the ground above the $100K mark.

Analysis of Open Interest and Market Liquidity
Bitcoin Open Interest, a derivative instrument that measures the total number of contracts that have not been closed, has risen to $67.52 billion as of January 24, 2025.
This increase in Open Interest comes at the same time that the government has made an announcement, indicating that investors may be returning to the market and that there might be an increase in liquidity.

In general, market sentiment is bullish when the price rises while Open Interest increases. This means that there is new buying pressure coming into the market, which could be due to expectations of higher prices.
Higher Open Interest levels are indicative of higher volatility and trading activity, which may suggest that the market is preparing for a big move.

Experts are watching carefully if this trend can push Bitcoin to the expected $120,000.
The upcoming weeks are crucial for the short-term trading perspective as well as the long-term investment strategy.

Technical Analysis and Support Levels
In regards to the technical outlook, the price of Bitcoin has found support at $98,638, which coincides with the 50-day SMA.
This level has acted as a strong support in the past as prices tend to hold and recover at this level. Stability above this SMA could be a great support for the upward momentum of Bitcoin.

It could open up a path to test higher resistances at $110,000, $115,000, and the target at $120,000.
In addition, other technical indicators like the Relative Strength Index (RSI) and Awesome Oscillator (AO) help to enrich the picture.

The RSI at the midline shows that the market sentiment is neutral, whereas the AO volatility points to consolidation and may hint at an upward breakout.
At press time, Bitcoin price trades at $105,557 with a 24-hour volume of $98.68B. BTC price has risen 3% today, maintaining a position above $100K, and showing robust market support.

#USCryptoPolicy #USCrypto #bitcoin #CryptoMarket #CryptoNews

Anthony Scaramucci, founder of SkyBridge Capital, believes the US Senate is gearing up to approve a 500,000-Bitcoin ($BTC ) purchase, marking a potential turning point for cryptocurrency adoption in government reserves. Speaking on the Bankless podcast, Scaramucci emphasized bipartisan momentum behind the move, driven by strategic concerns over Bitcoin’s role in the global economy.
Key Highlights
Strategic Bitcoin Reserve: Senator Cynthia Lummis’ proposal to accumulate up to 1 million BTC gains traction. Scaramucci predicts a compromise purchase of 400,000 to 500,000 BTC over time.
Bipartisan Support: Younger politicians and Democrats like Ro Khanna see Bitcoin as “digital gold,” making them receptive to the idea.
National Interest: Scaramucci compares Bitcoin to gold reserves, suggesting $70–80 billion could be allocated to $BTC —a small fraction of the $6 trillion US budget.
Why This Matters
Global Competition: Scaramucci warns of losing a strategic edge if countries like China aggressively accumulate Bitcoin.
Digital Era Economics: He advocates for Bitcoin to modernize the US economy, saying it would align with younger generations’ digital priorities.
US Dollar Strength: Critics worry about the dollar’s stability, but Scaramucci argues Bitcoin reserves could boost the dollar’s technological competitiveness.
Trump’s Push for Bitcoin
Scaramucci claims Trump has the backing of key Senate figures like Tim Scott and the Senate Banking Committee to advance the initiative. Trump’s potential alignment with Bitcoin could reshape its role in the US economy and policy.
The Bigger Picture
A strategic Bitcoin reserve could position the US as a leader in the cryptocurrency space while securing a hedge against future digital gold adoption by competing economies. However, skeptics warn of risks to the US dollar's global dominance.
Will This Move Materialize?
With bipartisan support growing and younger politicians embracing crypto, the prospect of a 500,000-$BTC US reserve appears more feasible than ever. The coming months could define the role of Bitcoin in US policy and global finance.
#Bitcoin #BTC #USCryptoPolicy #StrategicReserve #DigitalGold

U.S.-based crypto projects will soon benefit from zero capital gains tax, boosting domestic blockchain innovation.
Non-U.S.-based crypto projects face a ~30% tax rate, creating a competitive advantage for U.S. initiatives.
Ted Cruz seeks to overturn an IRS rule mandating DeFi brokers to report user data, citing innovation and privacy concerns.

In a recent development for the U.S. crypto sector, Eric Trump confirmed an impending tax benefit for U.S.-based cryptocurrency projects.
He announced that projects like XRP and HBAR would qualify for zero capital gains tax, distinguishing them from non-U.S.-based projects, which will face a ~30% tax rate.
This shift is expected to create a more favorable environment for domestic blockchain innovations.

Zero Capital Gains Tax for U.S.-Based Crypto Projects
The announcement establishes a tax framework promoting U.S.-based blockchain projects. Zero capital gains tax on these projects could encourage innovation while attracting new investments. 

The policy, set to impact major players such as XRP and HBAR, aims to make the U.S. a competitive hub for blockchain development.
Meanwhile, non-U.S.-based projects will face a significant 30% tax, creating a stark contrast that may influence global project strategies.

Ted Cruz Targets IRS DeFi Reporting Rule
Senator Ted Cruz plans to introduce a resolution next week to challenge a controversial IRS rule targeting decentralized finance (DeFi).
The rule, finalized in December, requires certain DeFi brokers to report user data, including names and addresses, through Form 1099 filings. This mandate aligns DeFi brokers with traditional securities brokers, drawing criticism from industry leaders and lawmakers.

Cruz argues that the rule hinders innovation by imposing centralized regulatory frameworks on decentralized systems.
He also highlights privacy concerns stemming from data reporting requirements, asserting that such measures undermine the decentralized ethos of blockchain technology. This resolution under the Congressional Review Act seeks to reverse the regulation and align policies with innovation-friendly practices.

These developments signal growing regulatory support for blockchain innovation within the U.S. By eliminating capital gains taxes for domestic projects and potentially curbing restrictive IRS rules, the government may foster a more favorable environment for blockchain advancements.
The outcome of Cruz’s efforts could set a precedent for balancing innovation, privacy, and regulation in the crypto industry.

#USCrypto #USCryptoPolicy #USCryptoFuture #BitcoinETFs #CryptoNews