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U.S. SEC pulls back on crypto lawsuits but keeps cases against Ripple, Kraken and others active The U.S. SEC is retreating from many crypto lawsuits initiated under former Chair Gary Gensler, but lawsuits against Ripple $XRP, Kraken Exchange, Cumberland DRW and PulseChain remain ongoing, according to CoinDesk. Investigations into Unicoin,

Citi says U.S. crypto reserve more likely after Trump’s announcement Citi said a U.S. crypto reserve is increasingly likely following U.S. President Donald Trump’s recent announcement that $XRP, Solana $SOL, Cardano $ADA, Bitcoin $BTC and Ethereum $ETH would be part of it, according to CoinDesk. Analyst Alex Saunders said the plan would enhance crypto’s legitimacy. Citi noted the U.S. government already holds around $19 billion in crypto, mostly Bitcoin from seizures, but acquiring other assets would likely require open-market purchases. The bank also warned that unclear selection criteria and pre-announced purchases could lead to unfavorable price movements, similar to the UK’s gold sales in the 1990s.

Trump’s crypto reserve plan fuels Bitcoin surge and revives $500K target U.S. President Donald Trump’s announcement of a U.S. Crypto Strategic Reserve, including Bitcoin $BTC, Ethereum $ETH, $XRP, Solana $SOL and Cardano $ADA, triggered market volatility, pushing Bitcoin from $85,000 to nearly $95,000 before stabilizing around $93,000. Standard Chartered’s Geoff Kendrick reaffirmed his $500,000 Bitcoin price target, expecting it to hit $200,000 by 2025 and continue rising annually until 2028. He emphasized Bitcoin’s growing role in investment portfolios and its potential as a hedge against financial instability. Kendrick also suggested that Trump's initiative could lead U.S. states to establish their own Bitcoin reserves. The timing, just before the White House Crypto Summit, has heightened market expectations for pro-crypto policies. He noted that recent price swings signal a “Trump put” for crypto, similar to how the Federal Reserve’s interventions support stock markets.

Trump’s crypto reserve plan fuels Bitcoin surge and revives $500K target U.S. President Donald Trump’s announcement of a U.S. Crypto Strategic Reserve, including Bitcoin $BTC, Ethereum $ETH, $XRP, Solana $SOL and Cardano $ADA, triggered market volatility, pushing Bitcoin from…