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Leaked: US Government’s Bitcoin Strategy!

The situation worsened after a White House leak revealed plans for a US Bitcoin strategic reserve, which initially failed to meet market expectations.

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United States: Bitcoin and other cryptocurrencies have been struggling to recover after a major sell-off over the past month. The situation worsened following a serious warning from BlackRock’s chief executive.

US President Donald Trump, along with Wall Street and the White House, has been making moves in the crypto space. Subscribing to Forbes’ CryptoAsset & Blockchain Advisor may help investors spot potential blockchain opportunities with massive profit potential.

The price of Bitcoin has been fluctuating around USD 80,000 after a sharp drop triggered by Trump’s executive order. This order called for the establishment of a US Bitcoin strategic reserve but failed to meet market expectations, putting Bitcoin at risk of another major price decline, according to Forbes.

Meanwhile, China appears to be preparing for significant changes in the Bitcoin market. A recent White House leak suggests that one of Trump’s top crypto officials has revealed plans for the US government to acquire as much Bitcoin as possible.

Bo Hines, executive director of the presidential working group on digital assets, shared this information at a private roundtable hosted by the Bitcoin Policy Institute. According to multiple anonymous sources cited by Decrypt, Hines stated that the White House intends to buy a large amount of Bitcoin.

A White House official later confirmed this statement, adding that any purchases would be made in a “budget-neutral” manner, ensuring no extra cost to taxpayers.

The private meeting was attended by key figures, including US senators Cynthia Lummis (R-WY), Bill Hagerty (R-TN), and Bernie Moreno (R-OH). Also present were Michael Saylor, founder of Strategy; Fred Thiel, CEO of Marathon Digital; Nathan McCauley, CEO of Anchorage Digital; and David Bailey, head of Bitcoin Inc., which publishes Bitcoin Magazine, as per Forbes.

Lummis recently reintroduced a bill that would allow the US to buy up to one million Bitcoins over five years. This move would formalize the strategic Bitcoin reserve created through Trump’s executive order earlier this month.

Trump’s decision to establish a Bitcoin reserve initially led to a price drop since the plan did not include immediate Bitcoin purchases. Currently, the US government holds around 200,000 Bitcoin, mainly obtained through civil and criminal asset seizures.

However, David Sacks, Trump’s key crypto advisor, has stated that the US Treasury plans to maximize the value of Bitcoin and other digital assets within its reserve.

According to analysts at Tagus Capital, investors were disappointed that the reserve was formed using seized assets rather than new Bitcoin purchases. However, they believe the concerns might be exaggerated. They see the potential for future Bitcoin acquisitions without additional government spending and expect more countries to start holding Bitcoin as part of their financial Strategy, as per Forbes.com.

Despite recent price drops, experts remain optimistic about the long-term growth of the crypto market. Industry watchers highlight several key developments: the establishment of the US Bitcoin strategic reserve, government recognition of stablecoins, new regulations in Europe (MiCA), and the increasing role of digital assets in global finance.

Brett Reeves, head of European sales at crypto company BitGo, noted that these advancements, which once seemed unlikely, show how fast the industry is evolving. He encouraged investors to keep a long-term perspective, emphasizing the growing importance of cryptocurrencies in the financial world.

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‘Take It Down Act’ Targets Online Abuse, Backed by First Lady 

New law demands quick removal of non-consensual explicit content online. Melania Trump leads charge to protect teens from digital abuse and AI deepfakes. 

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United States: On Monday, the president and first lady gathered in the White House Rose Garden so he could sign a new law addressing revenge porn which was championed by the first lady. 

“I want to thank my husband, President Trump, for standing with us on this effort,” Melania Trump stated, with a riot of pink roses in bloom behind her. 

What is the Take It Down Act? 

The bill, known as the Take It Down Act, commands social media platforms to promptly take down sexually explicit pictures and videos of others, including “deepfakes,” if they were uploaded without consent. It was created to support teen survivors. 

Melania Trump’s Mission to Protect Teens 

“Artificial Intelligence and social media are the digital candy for the next generation — sweet, addictive and engineered to have an impact on the cognitive development of our children,” the first lady stated, the New York Times reported. 

“But unlike sugar, these new technologies can be weaponized, shape beliefs and, sadly, affect emotions and even be deadly,” she added. 

This guide focuses on teenage victims of FGM. Mrs. Trump was determined to get the bill passed from the day of her husband’s second inauguration, the day Senator Amy Klobuchar, Democrat of Minnesota, first mentioned it over lunch. 

Like Be Best, Mrs. Trump’s anti-cyberbullying effort from the previous four years, the bill was a great fit for the first couple’s focus on battling digital meanness. 

Early in March, she visited Washington to lead a roundtable with girls who had fallen victim to online attacks and the father of a young boy who left the world because of internet “sextortion.” 

The event was emotional at times, and after it was over, Mrs. Trump took some of the guests to see the president address Congress the next day, where he discussed the bill, the New York Times reported. 

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Terror on US Soil—FBI Probes Bombing at Medical Center 

A deadly car bomb exploded outside a fertility clinic in Palm Springs, California, killing one and injuring four. The FBI has declared the blast an act of terrorism and launched a full-scale investigation. 

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United States: In a shocking incident that has rocked Palm Springs, California, the FBI has declared a recent car explosion an act of terrorism. 

Deadly Blast Rocks Palm Springs Clinic 

The blast occurred outside the American Reproductive Centers, a local fertility clinic, claiming one life and leaving four others injured. 

The explosion, which originated from a vehicle parked near the facility, tore through the area with devastating force. 

Emergency services quickly responded to the scene. Fortunately, no patients or clinic staff inside the building were harmed, although structural damage was reported. 

FBI Labels It Terrorism 

According to federal investigators, the FBI is leading the probe alongside local authorities and has already identified a person of interest connected to the case. Officials are now working to determine whether this act of violence was domestic or internationally inspired, though no official group or motive has yet been confirmed. 

This incident raises immediate concerns about the security of medical facilities and public areas across the US, especially amid rising tensions both at home and abroad. 

The FBI has assured the public that it is deploying all necessary resources to fully investigate the matter and ensure there are no further threats. 

Local law enforcement has increased patrols around critical infrastructure and public health facilities while urging citizens to report any suspicious activity. 

As the investigation continues, authorities emphasize the importance of community vigilance and staying informed through official updates. 

We will continue to follow this developing story closely and provide updates as more information becomes available. 

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Salman Rushdie’s Attacker Sentenced to 25 Years Behind Bars 

Hadi Matar, who stabbed novelist Salman Rushdie in 2022, has been sentenced to 25 years in prison, the maximum for attempted murder. Rushdie suffered severe injuries and is now partially blind from the attack. 

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United States: Hadi Matar, who attacked novelist Salman Rushdie last year, has been sentenced to 25 years in prison — the maximum for attempted murder. 

Matar received a conviction for second-degree attempted murder for the attack on Rushdie in 2022 while they were both at the Chautauqua Institution in New York. 

A man armed with a knife attacked Salman Rushdie as he was about to deliver a speech, inflicting injuries on the writer all over his body. 

Rushdie suffered severe damage to the eyes and nerves and is now partially blind because of the attack, npr.org reported. 

Rushdie wasn’t in the courtroom for Friday’s sentencing but wrote that he’s spent over 800 days in hospitals since the assault. 

Judge David Foley additionally ordered Matar to serve 7 years in prison on the charge of causing serious bodily injury to the event moderator. 

Rushdie’s novel The Satanic Verses created widespread outrage among many Muslims for its depiction of the Prophet Muhammad. 

Just before his passing in 1989, the Ayatollah Khomeini, the Supreme Leader of Iran, declared a legal judgment condemning Rushdie to death. 

Prosecutors from the Western District of New York argued that Matar was attempting to carry out the threat contained in the fatwa. 

Matar has affirmed that the fatwa didn’t inspire the attack but has explained to the New York Post that Rushdie had personally offended him by insulting Islam, npr.org reported. 

Matar told reporters that he had skimmed over just a few pages of The Satanic Verses. 

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