US Government
The Senate voted 60-40 to advance a bill to reopen the federal government, a move that could enable regulators to resume full review of pending filings, including an XRP ETF. Advocates say it increases the odds but final approval remains uncertain.
Bitcoin is approaching a potential turning point after the U.S. government resumed activity and locked-up funds are set to be spent; traders will also be watching core inflation data due at the end of the week as a key catalyst.
In March 2025, President Trump signed an executive order to create a Strategic Bitcoin Reserve, capitalizing on the federal government's existing bitcoin holdings. This move, placing the U.S. as the largest state holder of bitcoin with approximately 200,000 BTC, has sparked mixed reactions among economists, while some states pursue similar initiatives.
The SEC's designation of XRP as a 'Strategic Asset for the U.S.' marks a significant advancement in the integration of digital assets into American finance, coinciding with President Trump's announcement of a U.S. Crypto Strategic Reserve including XRP, BTC, ETH, SOL, and ADA.
In a groundbreaking move, U.S. President Donald Trump has signed an executive order to create a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. This initiative aims to solidify the U.S.'s position as a global crypto hub by managing forfeited digital assets strategically.