“Technically, Bitcoin’s back above its 50 & 200 week moving averages, up ~29% in 35 days,” Tony Dicarlo, director of institutional propositions at RootstockLabs, said in an email to CoinDesk. “Legislatively, The SEC stepped up support of digital assets where Congress hasn’t with the Innovation Exemption filling the CLARITY gap within 24 hours, driving sharp rallies in tokenization related digital assets and improving broader confidence.”
“The American Reserve Modernization Act clearing committee last week has also reignited the Strategic Bitcoin Reserve conversation again, the furthest such a bill has gotten in Congress, though it still needs a full House and Senate vote,” he added.
The bill would place the roughly 325,000 bitcoin the government already holds, most of it seized in criminal and civil forfeitures, into a Strategic Bitcoin Reserve at the Treasury, require the coins be held for at least 20 years, and mandate…
