Bitcoin at $84,294!

The Fear & Greed Index stands at 30 – Fear, signaling ongoing caution among investors while major political and legal decisions influence the market.

Senator Cynthia Lummis Proposes Selling U.S. Gold to Buy 1 Million Bitcoin

U.S. Senator Cynthia Lummis has suggested that the United States should sell part of its gold reserves to acquire 1 million BTC over five years.

• The plan proposes buying 200,000 BTC annually, using no new tax money—only existing gold holdings.
• Lummis believes Bitcoin could serve as a strategic store of value, similar to gold, especially in uncertain economic times.
• As a longtime crypto advocate, Lummis has introduced several crypto-friendly bills and represents Wyoming, known for its progressive crypto policies.
• The proposal is not yet a government action but reflects growing interest in Bitcoin among U.S. lawmakers.

SEC Drops Lawsuit Against Ripple – Major Win for Crypto

On March 19, 2025, Ripple CEO Brad Garlinghouse announced that the SEC is dropping its lawsuit against the company, ending a four-year legal battle.

• The SEC had accused Ripple of raising $1.3 billion via unregistered securities (XRP), while Ripple maintained XRP is a digital currency, not a security.
• Ripple won several key legal arguments, raising questions about the SEC’s regulatory overreach.
• Following the announcement, XRP surged over 10% to $2.50, signaling market approval and renewed confidence in Ripple.
• The case was seen as a regulatory test case for crypto in the U.S. and its conclusion is a milestone for the industry.

Michael Saylor: ‘The Euro Needs Bitcoin’

As the U.S. accelerates its crypto strategy, pressure is mounting on Europe.

• President Trump’s executive order to establish a national crypto reserve has alarmed EU policymakers, who fear losing economic autonomy.
• Michael Saylor, founder of Strategy (formerly MicroStrategy), stated that Europe may eventually rely on Bitcoin as a monetary asset.
• European authorities, including the European Central Bank (ECB), are wary of Bitcoin and stablecoins.
• The ECB sees a risk in euro-denominated payments being replaced by dollar-based stablecoins, potentially weakening monetary control.
• Saylor’s comments add to growing concerns that the U.S. is outpacing the EU in crypto adoption and innovation.