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$BTC According to Odaily, David Sacks, known as the 'Crypto Czar,' addressed the possibility of Bitcoin reserves during a press conference in Washington on Tuesday. He stated that considering Bitcoin reserves is a primary issue for the government task force he is part of. However, the task force is still in its early stages, awaiting confirmation of some cabinet members. Sacks emphasized that this topic remains a priority. When questioned about the involvement of the cryptocurrency industry in the White House's initiatives, Sacks mentioned that a statement would be released in the future to authorize some form of engagement with the industry. Republican lawmakers joined Sacks at the press conference to announce the formation of a bipartisan congressional task force aimed at developing cryptocurrency regulatory frameworks. Sacks met with several Republican legislators, including Senate Banking Committee Chairman Tim Scott, Senate Agriculture Committee Chairman John Boozman, House Financial Services Committee Chairman French Hill, and House Agriculture Committee Chairman Glenn Thompson. Previously, Sacks had indicated that the feasibility of Bitcoin reserves was under study, but he could not comment on whether sovereign wealth funds should hold cryptocurrencies.

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#USBitcoinReserves According to Odaily, David Sacks, known as the 'Crypto Czar,' addressed the possibility of Bitcoin reserves during a press conference in Washington on Tuesday. He stated that considering Bitcoin reserves is a primary issue for the government task force he is part of. However, the task force is still in its early stages, awaiting confirmation of some cabinet members. Sacks emphasized that this topic remains a priority. When questioned about the involvement of the cryptocurrency industry in the White House's initiatives, Sacks mentioned that a statement would be released in the future to authorize some form of engagement with the industry. Republican lawmakers joined Sacks at the press conference to announce the formation of a bipartisan congressional task force aimed at developing cryptocurrency regulatory frameworks. Sacks met with several Republican legislators, including Senate Banking Committee Chairman Tim Scott, Senate Agriculture Committee Chairman John Boozman, House Financial Services Committee Chairman French Hill, and House Agriculture Committee Chairman Glenn Thompson. Previously, Sacks had indicated that the feasibility of Bitcoin reserves was under study, but he could not comment on whether sovereign wealth funds should hold cryptocurrencies.

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$XRP According to Odaily, the New York Stock Exchange (NYSE) Arca has filed a 19b-4 document, aiming to convert Grayscale's XRP Trust into a spot Exchange-Traded Fund (ETF). The trust currently manages assets worth approximately $16.1 million. This filing represents the second step in a two-part process for applying for a spot crypto ETF with the U.S. Securities and Exchange Commission (SEC). The exchange submits the 19b-4 document to the SEC to propose amendments to existing rules, allowing the ETF to be traded. This step is crucial in the ETF approval process, and once the SEC approves the document, it will be published in the Federal Register, initiating the approval procedure.

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#XRPETFIncoming? According to Odaily, the New York Stock Exchange (NYSE) Arca has filed a 19b-4 document, aiming to convert Grayscale's XRP Trust into a spot Exchange-Traded Fund (ETF). The trust currently manages assets worth approximately $16.1 million. This filing represents the second step in a two-part process for applying for a spot crypto ETF with the U.S. Securities and Exchange Commission (SEC). The exchange submits the 19b-4 document to the SEC to propose amendments to existing rules, allowing the ETF to be traded. This step is crucial in the ETF approval process, and once the SEC approves the document, it will be published in the Federal Register, initiating the approval procedure.

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$BTC #MicroStrategyAcquiresBTC MicroStrategy now holds 444,262 BTC, acquired for $27.7B at an average price of $62,257 per BTC. Recent buys include 55,500 BTC ($5.4B) in Nov 2024, 15,400 BTC ($1.5B) in Dec, and 5,262 BTC ($561M) later that month. These purchases reinforce its crypto strategy. MSTR stock is at $334.61, down 0.39%, with a high of $341.95 and a low of $333.80 on Jan 29, 202

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