dodiris43

@dodiris43

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At the time of publication, there were no additional details available regarding the crypto summit’s agenda. Cointelegraph reached out to the White House and Hines for comment but did not receive a response at the time of publication.

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Though many leaders in the crypto industry have testified during congressional hearings, the summit appears to be the first large gathering of digital asset executives at the White House. Former FTX CEO Sam Bankman-Fried reportedly met with officials in the Biden administration in 2022.

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In a Feb. 27 post on X, OpenAI CEO Sam Altman admitted the new reasoning model “won’t crush benchmarks” and is a “giant expensive model.”

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He also said the company should sell or close “all stores operating at a loss” and expand its online presence, which would allow it to “be able to purchase more Bitcoin.”

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Schaaf pushed back on the idea that the ECB should add BTC into its reserves. He said different types of strategic reserves exist, such as the stockpiling of raw materials, which can be released during crises to avoid higher prices for imports.

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https://warpcast.com/irracig2/0x10b8c522

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The CNB may become the first European central bank to invest in Bitcoin if the proposal is approved.

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Bitcoin’s 130% yearly returns for 2024 make it difficult to ignore for financial institutions and large investment funds.

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Michl started looking at Bitcoin as a potential reserve asset on Jan. 7, when he was considering acquiring “a few Bitcoin” for diversification, Cointelegraph reported.

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However, Michl emphasized that this is only the “initial stage of the analysis” and that a final decision will depend on the outcome of the analysis.

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“This step is motivated by a desire to learn about and try out this highly risky alternative asset,” added the governor.

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Michl’s comments come nearly three weeks after the governor shared a proposal for creating a Bitcoin “test portfolio” with the CNB’s bank board meeting on Jan. 30.

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The major questions doctrine says that government agencies can’t use powers that Congress hasn’t specifically delegated to them. Other crypto companies sued by the SEC, including Coinbase, Ripple and Binance, have cited the doctrine to argue that Congress hasn’t given the regulator authority over crypto.

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Judge Orrick said that the SEC wasn’t asserting a “highly consequential power beyond what Congress could reasonably be understood to have granted it.”

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Judge William Orrick said in a Jan. 24 order that he axed Kraken’s “major questions doctrine defense,” one of the three defenses the SEC petitioned to have thrown out in its case against the exchange, which accuses it of offering unregistered securities.

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The US Securities and Exchange Commission has partially won its bid to throw out Kraken’s defenses, with a California federal judge nixing the exchange’s argument that Congress hadn’t given the regulator power over crypto.

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Australia has recorded the most consistent growth of crypto ATMs for nearly three years. The country joined the 1,000+ Bitcoin ATM club alongside the US and Canada in April 2024.

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Roughly 38,100 crypto ATMs are currently active globally, spread across 65 countries and powered by 356 operators.

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While crypto ATMs have no direct impact on local Bitcoin adoption, they provide grassroots exposure to citizens and help serve the unbanked. Regulators have expressed concerns about the potential misuse of crypto ATMs for money laundering and terrorism financing, but the machines remain a key infrastructure for cryptocurrency accessibility.

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Check out Cointelegraph’s beginners’ guide to learn more about Bitcoin ATMs, how they work and how to use them.

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