nadnobi21y

@nadnobi21y

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However, most of these addresses have been dormant for over six years, meaning Larsen may have lost access.

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“With the announcement of the US Crypto Reserve here’s your reminder that XRP addresses activated by Chris Larsen (co-founder of Ripple) still hold 2.7B+ XRP ($7.18B) and these addresses tied to him transferred $109M+ worth of XRP to exchanges in January 2025,” the investigator wrote in a March 3 Telegram post.

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“100% correct. IMO, Ripple can, will, and should act in its own interest,” responded David “JoelKatz” Schwartz, the chief technology officer of Ripple, adding:

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“They are free to dump on you and you have no right to do anything about it other than join them in dumping XRP,” Rochard said, cautioning that investors are “not investing in Ripple,” just “getting tokens created out of thin air dumped on you.”

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US lawmakers in the House of Representatives have advanced a resolution to repeal the “DeFi broker rule,” which requires brokers to report digital asset transactions to the Internal Revenue Service.

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This precarious position of net neutrality in one of the largest supposed free markets in the world highlights the vulnerabilities of centralized internet infrastructure, where corporate interests and regulatory scrutiny exercise outsized control on how a user accesses the internet.

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The Crypto Fear & Greed Index, which rates market sentiment out of a total possible score of 100, fell to a score of 25 points on Feb. 25 — signaling “Extreme Fear.”

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The agency has also delayed or paused litigation against crypto firms launched under Gensler’s leadership, seemingly with the aim to reconsider the actions after advice from the Crypto Task Force.

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So far, under Uyeda, the SEC has created a Crypto Task Force headed by the crypto-friendly Commissioner Hester Peirce, dedicated to making a framework for digital assets.

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Trump tapped acting chair Mark Uyeda while his nominee to lead the SEC, Paul Atkins, weaves through congressional approvals.

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US President Donald Trump has overhauled the agency after Gensler’s departure with a focus on rolling back its crypto-related enforcement and litigation.

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While Bitcoin is an interesting asset “worth considering” for a large portfolio, the board of the bank will need to provide “thoughtful analysis,” before making its final decision, wrote Michl in a Jan. 29 X post.

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As of Jan. 7, the bank said it was not considering a Bitcoin investment, Janis Aliapulios, an adviser to the board, told Cointelegraph, adding that the bank planned to increase its gold holdings to 5% of its total assets by 2028.

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The news comes three weeks after Michl said he was looking at Bitcoin as a potential reserve asset and was considering acquiring “a few Bitcoin” for diversification.

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If approved, the investment may amount to over $7.3 billion in Bitcoin purchases, given the CNB’s total reserves of more than $146 billion, according to André Dragosch, head of research at Bitwise.

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The Czech National Bank (CNB) may become the first European central bank to invest in Bitcoin as part of its diversification strategy for the country’s foreign exchange reserves.

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The agency seeks “to strike a balance between safeguarding the interests of investors and facilitating continuous development for the virtual asset ecosystem,” Yip added.

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In December 2024, Hong Kong issued licenses to four virtual asset trading platforms — HKbitEX, Accumulus, DFX Labs and EX.IO. SFC executive director of intermediaries Eric Yip said:

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At the time, the regulator had completed the first round of “on-site” reviews for the crypto firms. The inspections are focused on safeguarding client assets, Know Your Customer (KYC) processes and cybersecurity.

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