Today in crypto, a new bill is set to be introduced by US Representative Byron Donalds to formalize President Donald Trump’s executive order creating a US Strategic Bitcoin Reserve, which would use Bitcoin seized in government criminal cases. This effort aims to integrate Bitcoin into the nation’s financial strategy and prevent future administrations from dismantling it. In contrast, Democrat Representative Gerald E. Connolly has urged the US Treasury to halt all efforts towards establishing a strategic crypto reserve, arguing it would not benefit the American people and would instead enrich Trump and his supporters. Meanwhile, former Binance CEO Changpeng Zhao denied claims from a Wall Street Journal report suggesting he sought a federal pardon from Trump. Zhao clarified there were no discussions about any deals between Binance.US and the Trump family. He stated that being a felon, the idea of a pardon was of no surprise, especially given his unique legal circumstances. These developments reflect the ongoing tension and differing perspectives surrounding cryptocurrency regulation in the US.

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