President Trump vowed to make the U.S. the "undisputed Bitcoin superpower"

altcoin chronicle

21 Mar 2025

President Trump vowed to make the U.S. the "undisputed Bitcoin superpower" in a speech at the Blockworks Digital Assets Summit. He pledged to reverse Biden-era crypto regulations, create clear rules for stablecoins, and establish a "Strategic Bitcoin Reserve" to strengthen U.S. dominance in digital assets. Trump likened the reserve to a "digital Fort Knox" and promised to end "Operation Chokepoint 2.0," which allegedly targeted crypto firms.

China Debates Management of Seized Cryptocurrencies

China is currently grappling with the challenge of managing a substantial cache of cryptocurrencies seized from criminal activities, amidst a national ban on crypto trading. The absence of clear regulations has led to inconsistent handling of these digital assets by local governments, with some selling them through private companies to

Russia Advocates for Development of Domestic Stablecoins

In response to recent financial sanctions and the blocking of Russia-linked digital wallets containing over 2.5 billion rubles in USDT by Tether, a senior official at Russia's Finance Ministry has advocated for the development of domestically produced stablecoins. Osman Kabaloev, the deputy head of the ministry'

Kraken Lays Off Hundreds Ahead of Planned IPO

Kraken, a leading cryptocurrency exchange based in San Francisco, has laid off approximately 15% of its workforce—around 400 employees—as part of a strategic restructuring ahead of a planned initial public offering (IPO). This move comes under the leadership of newly appointed co-CEO Arjun Sethi, who joins Dave Ripley

Bhutan Embraces Green Cryptocurrency Mining to Boost Economy

Bhutan is harnessing its abundant hydropower resources to mine green cryptocurrencies, aiming to stimulate economic growth, provide employment, and curb youth emigration. The country's sovereign wealth fund, Druk Holding and Investments Ltd., has been investing in digital assets since 2019, using profits to pay government salaries. Officials plan

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China Debates Management of Seized Cryptocurrencies

Russia Advocates for Development of Domestic Stablecoins

Kraken Lays Off Hundreds Ahead of Planned IPO

Bhutan Embraces Green Cryptocurrency Mining to Boost Economy