Firm Records Largest Weekly Crypto Purchase in Over a Month

**David Sacks appointed as White House AI and Crypto Czar** Trump has selected David Sacks, a prominent Silicon Valley figure, for the newly created role overseeing AI and cryptocurrency policy. **Key details:** - First major Silicon Valley representative in Trump's new administration - Position combines oversight of both AI and crypto sectors - Sacks is known to hold Bitcoin personally **Potential impact:** - Could reshape U.S. regulatory approach to crypto - May influence AI policy development - Signals tech-friendly stance from new administration This appointment represents a significant shift toward Silicon Valley influence in federal tech policy.

**Trump's policy shift on cryptocurrency has significantly eased the path toward U.S. government adoption** of digital assets. Without this turnaround, the road to governmental embrace would have been much steeper. The administration's changed stance has: - Broken through previous policy gridlock - Fueled greater acceptance across government agencies - Created momentum for broader crypto integration This represents a dramatic shift from a year ago when regulatory uncertainty dominated the landscape.

**Rep. French Hill emerges as key driver** behind U.S. crypto legislation, working behind the scenes to advance regulatory frameworks. While his name may not appear on final bills, Hill has been **instrumental in pushing crypto law forward** in Congress. His efforts represent ongoing bipartisan momentum in crypto regulation. Previous collaboration with Democrat Rep. Jim Himes showed **strategic approach to Senate engagement**, focusing on floor votes to build broader legislative support. Hill's work highlights the **complex legislative process** where key contributors often remain unnamed on final legislation despite driving significant progress.

A **Tennessee Republican** has achieved a legislative milestone by sponsoring the **first stablecoin legislation** to become U.S. law. This historic development marks a significant step forward for cryptocurrency regulation in America. The legislation provides a legal framework for stablecoin operations within the United States. **Key points:** - First-ever federal stablecoin law in U.S. history - Sponsored by Tennessee Republican representative - Establishes regulatory clarity for digital assets The law comes after months of congressional debate over cryptocurrency oversight and represents a bipartisan effort to modernize financial regulations for the digital age.

A new platform is launching to address a key limitation in Solana staking - the inability to trade locked positions. **Key Features:** - Creates an **onchain marketplace** for locked staking positions - Allows stakers to trade their positions before unlock periods end - Could increase liquidity in the Solana staking ecosystem This development builds on previous infrastructure improvements, including the recent launch of $LOCK token with cross-chain swap capabilities. **Why This Matters:** Currently, Solana stakers must wait for unlock periods to access their funds. This marketplace could provide much-needed flexibility for stakers who need liquidity before their positions mature. The platform represents another step toward making DeFi positions more liquid and tradable across the Solana ecosystem.