The executive director of the President's Council of Advisers on Digital Assets told CoinDesk it's "pedal to the metal" time on legislation and the bitcoin reserve.

Smaller tokens are having a blast as major cryptocurrencies recover from the decline late on Friday.

[New White House Crypto Advisor: Establishing a U.S. Federal Cryptocurrency Reserve Is One of the Top Priorities] Odaily Planet Daily reports that Patrick Witt, the new White House cryptocurrency advisor succeeding Bo Hines, stated that he will urge lawmakers to complete a comprehensive review of U.S. cryptocurrency policy and push regulators to implement new stablecoin legislation. Currently, the three main priorities are the Senate's market structure legislative efforts, the swift implementation of the stablecoin law (i.e., the 'Guidance and Establishing Nationwide Innovation in U.S. Stablecoins Act' (GENIUS)), and the establishment of a U.S. Federal Cryptocurrency Reserve. (CoinDesk)

[Yunfeng Financial: Approved by Hong Kong SFC to Provide Virtual Asset Trading Services] Odaily Planet Daily News - Yunfeng Financial stated that it has been approved by the Hong Kong Securities and Futures Commission (SFC) to upgrade its existing Type 1 (dealing in securities) regulated activity license to provide virtual asset trading services under the arrangement of opening omnibus accounts on SFC-licensed platforms. (Jin10)

BTC has declined, with a trading volume of $41.2 billion in the past 24 hours and a circulating market value of $2.24 trillion, representing a 0.27% decrease in market capitalization. Data for reference only