The White House's crypto policy lead, David Sacks, stated that the administration has been instructed to evaluate the idea of establishing a Bitcoin reserve. He emphasized that this would be one of the primary agenda items for the working group within the administration.
It has been reported that the SEC will reduce its enforcement actions against the cryptocurrency sector.
At the time of writing, Bitcoin (BTC) is trading at $97,801, while Ethereum (ETH) is at $2,717.
The Fear and Greed Index stands at 38, indicating a fear level.
Key events scheduled for today:
XDC Network (XDC): Unlocking of 841 million tokens, representing 5.36% of the circulating supply.
Kaspa (KAS): Unlocking of 172 million tokens, representing 0.67% of the circulating supply.
