Today’s coverage by The Shib Daily focuses on the unfolding story of the U.S. Bitcoin Reserve announcement, detailing what can be expected moving forward and capturing the critical voices that have emerged in response. Trump’s Strategic Bitcoin Reserve: A ‘Digital Fort Knox’ or a Rehash of Old Policy? President Trump has signed an executive order to form a Strategic Bitcoin Reserve and a... source: https://news.shib.io/2025/03/07/the-shib-news-recap-friday-6/?utm_source=rss&utm_medium=rss&utm_campaign=the-shib-news-recap-friday-6

On Mar 07, 2025, 21:56 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 86,000 USDT and is now trading at 85,922.820313 USDT, with a narrowed 3.94% decrease in 24 hours.

Interim SEC Chair Mark Uyeda replaced Gary Gensler as highest-ranking official, signaling a change in direction and reversing Gensler's actions. Uyeda also faces staffing cuts and policy shifts during his tenure. source: https://www.benzinga.com/government/regulations/25/03/44205650/interm-sec-chair-mark-uyeda-anticipates-less-active-rulemaking-we-want-to-be-very-methodic?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

According to Odaily, U.S. President Donald Trump announced at a White House cryptocurrency summit that efforts will be made to advance stablecoin legislation before the August recess. Initially, the goal was to have the legislation ready within the first 100 days of his term, but this timeline has now been extended by four months.

President Trump's mention of Cardano, Solana, and XRP was based on their market capitalization rankings, not government bias, says Crypto Czar David Sacks. source: https://www.thestreet.com/crypto/policy/white-house-crypto-czar-crushes-rumors-on-favoritism

President Trump says he hopes to have stablecoin legislation on his desk by August and calls for an end to Operation Choke Point 2.0. source: https://www.theblock.co/post/345291/at-crypto-summit-trump-says-he-aims-to-have-stablecoin-legislation-before-august-and-will-end-crypto-debanking?utm_source=rss&utm_medium=rss

Odaily Planet Daily News Trump said at the White House Crypto Summit that he would push for stablecoin legislation before the August recess. The initial goal was to send legislation to his desk within the first 100 days of Trump's term, and the timetable has now been extended by 4 months.

According to BlockBeats, the live broadcast of the White House Crypto Summit, provided by official White House sources and CNBC, has concluded. U.S. President Donald Trump made a brief appearance during the broadcast, serving more as an opening host than delivering a substantial speech. The summit did not introduce any new policies or content. Due to previous delays, it remains unclear if the opening remarks were intended to be the anticipated 'speech' that had been previously announced.

Odaily Planet Daily News Coinglass data shows that in the past 4 hours, the entire network has been liquidated for $158 million, of which long orders have been liquidated for $97.1308 million and short orders have been liquidated for $60.4324 million.

Key Takeaways:Treasury Secretary Scott Bessent pledged to end the "regulatory weaponization" against digital assets, signaling a shift toward pro-crypto policies.The U.S. aims to take a leadership role in the global digital asset economy, ensuring it remains ahead of other nations.Bessent confirmed that the U.S. dollar will remain the dominant global reserve currency, with stablecoins playing a key role in its strategy.U.S. to Take the Lead in Digital Asset StrategySpeaking at the White House Digital Assets Summit, Treasury Secretary Scott Bessent laid out a vision for the U.S. to become the world leader in crypto and blockchain innovation."We're going to position the United States as a leader among nations in the digital asset strategy. It's important for the United States to recognize this fact and get ahead of the other nations in the digital age."This marks a major shift in U.S. policy, moving away from regulatory crackdowns on crypto firms and toward a framework that encourages innovation, investment, and national adoption.Bessent’s remarks indicate that the Trump administration sees digital assets as a competitive advantage, with the goal of outpacing other nations in Web3, blockchain, and tokenized finance.Ending the "Regulatory Weaponization" of CryptoOne of the most significant statements from Bessent was his commitment to ending the aggressive regulatory stance on digital assets."The Trump administration will end the regulatory weaponization against digital assets."This signals potential policy changes at key regulatory agencies, including:SEC & CFTC: The administration could limit the SEC’s enforcement actions against crypto firms and push for clearer regulatory guidelines.Crypto Banking Access: The U.S. may ease restrictions on banks providing services to crypto companies, allowing for broader integration.Federal Stablecoin Legislation: A framework could be developed to legitimize stablecoins under U.S. financial law.

Golden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and Metaverse industry news.

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Recommended reading for this evening: 1. A quick overview of the full text of Trump's executive order on "Strategic BTC Reserve and US Digital Asset Reserve"; 2. The United States officially established a strategic crypto reserve. Has the good news run out or has the good news just begun? 3. Interpretation of Trump's executive order on the strategic crypto reserve;

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This article will focus on Garantex’s history of sanctions, the platform’s fund management strategy, and countermeasures to stablecoin freezes, and explore how to avoid on-chain compliance risks and ensure fund security.