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Goldman Sachs CEO David Solomon stated that the bank will not engage in cryptocurrency trading until U.S. regulations change. He emphasized that as a regulated institution, they cannot own cryptocurrencies like Bitcoin as a principal, although they continue to advise clients on related technologies. This comes amid rising interest in crypto products, highlighted by BlackRock's Bitcoin ETF surpassing its gold counterpart.
Texas State Representative Giovanni Capriglione has introduced a bill, H.B. No. 1598, to establish a Bitcoin strategic reserve for the state. The initiative aims to accumulate Bitcoin, with funds held for a minimum of five years, while allowing citizens to contribute to the reserve. This move reflects Texas's commitment to innovation in digital assets and enhancing financial security for its residents.
El Salvador is expanding its role in the global cryptocurrency landscape by exploring partnerships with over 25 countries to share blockchain expertise and regulatory frameworks. This initiative aims to enhance digital asset governance, attract investment, and promote financial inclusion, despite concerns over cryptocurrency volatility and environmental impacts. The National Commission of Digital Assets oversees these efforts, positioning El Salvador as a potential model for other nations seeking to modernize their financial systems.
Donald Trump has reaffirmed his commitment to advancing cryptocurrency under his new administration, aiming to position the U.S. ahead of other nations, particularly China. He emphasized the need for significant power generation to support crypto infrastructure and mentioned plans for a national Bitcoin reserve that could be implemented without immediate legislative approval. Trump's remarks also highlighted broader technology ambitions, including artificial intelligence, as preparations for his administration's policies continue.
World Liberty Financial Initiative (WLFI), backed by President-elect Donald Trump, has made headlines with a $12 million acquisition of Ethereum, Chainlink, and Aave tokens. This strategic investment, which includes 2,631 ETH, 41,335 LINK, and 3,357 AAVE, has increased WLFI's crypto holdings to over $74.7 million and sparked speculation about a pro-crypto agenda under Trump's administration. The purchases have also positively impacted market conditions, with LINK and AAVE prices rising over 25% within 24 hours.
El Salvador is set to revise its Bitcoin law, making its use voluntary, as it approaches a $1.3 billion IMF loan deal amid economic pressures. The country has partnered with Argentina to enhance crypto regulation in Latin America, aiming to share expertise and promote innovation in the sector. Despite the shift, El Salvador remains a significant Bitcoin holder, with 5,942 BTC valued at $600 million.
Bitcoin ETFs are poised for explosive growth in 2025, driven by a remarkable market recovery and increased investor optimism following Donald Trump's pro-crypto stance. With the top 12 Bitcoin ETFs collectively holding over 1.1 million BTC, anticipated inflows are expected to surpass 2024 levels as major financial institutions begin promoting these assets. Additionally, a trend of "laddering up" among investors suggests that initial small investments will lead to larger commitments, further solidifying Bitcoin's status as a legitimate asset class.
Donald Trump’s administration is pushing to eliminate capital gains taxes on cryptocurrencies issued by U.S. companies, aiming to position the U.S. as a leader in crypto innovation. His company, World Liberty Financial, has invested heavily in Ethereum, Chainlink, and Aave, reflecting a strategic focus on decentralized finance. This initiative includes requiring crypto firms to register in the U.S. and offers existing companies a chance to relocate, reinforcing the goal of making the U.S. the global crypto capital.
India's Chief Economic Advisor, V. Anantha Nageswaran, advocates for regulatory frameworks that promote cryptocurrency innovation while ensuring transparency and accountability. He emphasizes the need for regulators to balance innovation with societal needs, particularly addressing financial illiteracy. Amidst ongoing uncertainty in the crypto sector, India continues to see significant adoption, highlighted by Jetking Infotrain's recent addition of Bitcoin to its corporate treasury.

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