cryptocurrencies

Six members of Trump's cabinet hold cryptocurrencies, with a total value of millions of dollars

ChainCatcher news reports that according to Fortune magazine, after reviewing the financial disclosures of President Trump's cabinet members in January, it was found that among the 22 listed Bitcoin wallets, six members of Trump's cabinet indirectly held Bitcoin through other financial instruments or invested in cryptocurrencies, with a total value of several million dollars.The six members who invested in Bitcoin and their holdings include:Secretary of Health and Human Services Robert Kennedy Jr. disclosed a Bitcoin Fidelity cryptocurrency account valued between $1 million and $5 million.Office of Management and Budget Director Russell Vought disclosed Bitcoin in a Coinbase wallet valued between $1,001 and $15,000, stating he would divest.Director of National Intelligence Tulsi Gabbard reported that she owns a Bitwise Bitcoin ETF trust fund valued between $15,001 and $50,000, as well as Bitcoin valued between $15,001 and $50,000, stating she would divest.Secretary of Defense Pete Hegseth disclosed his holdings of Bitcoin valued between $15,001 and $50,000.Secretary of the Treasury Scott Bessent's financial disclosure shows he holds an iShares Bitcoin Trust ETF valued between $250,000 and $500,000, and he will divest no later than 90 days after confirmation.Secretary of Transportation Sean Duffy disclosed Bitcoin valued between $250,000 and $500,000, Bitcoin held in a Gemini wallet valued between $250,000 and $500,000, and the Fidelity Wise Origin Bitcoin Fund valued between $50,000 and $100,000.

South Korea plans to issue new guidelines in the third quarter to lift the ban on institutional investment in cryptocurrencies

According to ChainCatcher, The Block reported that South Korea's financial regulatory agency announced on Wednesday plans to release comprehensive guidelines for institutional cryptocurrency investment in the third quarter. The Financial Services Commission made this announcement during a meeting with local cryptocurrency industry experts. While the investment guidelines for listed companies and professional investors are expected to be issued in the third quarter, the Financial Services Commission stated that its goal is to launch investment guidelines for non-profit organizations and cryptocurrency exchanges in April.The Financial Services Commission first announced in January that it would gradually lift the de facto ban on institutional investors investing in cryptocurrencies. Last month, the regulator revealed that it intends to first allow charities and universities to sell their cryptocurrency assets in the second quarter. The upcoming detailed guidelines further solidify South Korea's shift in stance towards cryptocurrencies, no longer strictly opposing the entry of crypto assets into traditional financial markets.Meanwhile, the Financial Services Commission has also begun developing a second set of rules for a two-part cryptocurrency regulatory framework, with the first set of rules launched last year. The second part of the cryptocurrency law will focus on stablecoins and regulating cryptocurrency business owners.
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