Strategic Bitcoin reserve push gains momentum; US government reserves halved; CFTC approves Bitcoin perpetual futures
Key Questions
What progress has been made on U.S. strategic Bitcoin reserve legislation?
The ARMA bill targeting 1 million BTC has advanced with bipartisan support. The CLARITY Act is on the Senate floor with a July 4 deadline and 56% passage odds.
How have U.S. government Bitcoin reserves changed recently?
U.S. government Bitcoin reserves have halved in value. Texas is shifting to direct custody while Lummis pushes for Basel repeal.
What regulatory developments occurred for Bitcoin futures?
The CFTC approved no-action letters for regulated perpetual futures from Kraken, Bitnomial, and Coinbase. Kraken has already launched CFTC-regulated perpetuals.
ARMA bill (1M BTC target) advances with bipartisan support. CLARITY Act on Senate floor with July 4 deadline, 56% odds. US government Bitcoin reserves halved in value. Texas shifts to direct custody. Lummis pushes Basel repeal. CFTC approved multiple no-action letters for regulated crypto perpetual futures (Kraken, Bitnomial, Coinbase). Kraken launched CFTC-regulated perpetuals. UK also advancing crypto regulation framework. Regulatory drama ahead of Senate vote adds uncertainty.