In recent crypto news, Star Xu, CEO of OKX, responded to Justin Sun's allegations that OKX failed to act on a law enforcement request to freeze stolen funds from Tron's official X account. Xu clarified that OKX had not received any official communication regarding this matter. Meanwhile, Warren Buffett announced his plan to step down as CEO of Berkshire Hathaway by the end of 2025, passing the leadership to Greg Abel, who has been groomed for the role. Buffett expressed confidence in the approval of this decision by the board. In another development, Arizona Governor Katie Hobbs vetoed a bill that would have allowed the state to hold Bitcoin as part of its official reserves. The proposed Digital Assets Strategic Reserve bill was aimed at making Arizona the first US state to adopt such a policy, but Hobbs emphasized her commitment to sound investment practices and bipartisan agreements.

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