Dear PointPay Family,
This week has been packed with major shifts in crypto. To keep you informed, we’ve compiled the top 5 most important and exciting events you shouldn’t miss.
PayPal Expands Crypto Offerings with SOL and LINK
PayPal has expanded its cryptocurrency lineup by adding Solana (SOL) and Chainlink (LINK) for users in the US. This move builds on the platform’s existing support for Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and its own stablecoin, PayPal USD. While users can now buy, sell, and hold SOL and LINK, external transfers for these assets are not yet confirmed. PayPal’s ongoing expansion into crypto reflects its commitment to increasing accessibility and adoption among millions of users.
Crypto Retirement Bill Set for Reintroduction in Congress
Alabama Senator Tommy Tuberville is preparing to reintroduce the Financial Freedom Act, a bill aimed at allowing cryptocurrency investments in 401(k) retirement plans. Having previously failed in 2022 and 2023, the bill aligns with efforts to position former President Donald Trump as a "crypto president." While Wyoming Senator Cynthia Lummis co-sponsored a previous version, her stance on this reintroduction remains unclear. The bill emerges amid broader legislative discussions on crypto regulation, with Republican lawmakers pushing for policy advancements ahead of the August recess.
US Government to Reveal Crypto Holdings on April 5
The US Treasury Department is set to disclose its Bitcoin and other crypto asset holdings on April 5, following an executive order from former President Donald Trump. The report may confirm whether XRP, Solana, and Cardano - assets previously mentioned by Trump - are included in the national digital asset reserve. The order also mandates the creation of a Bitcoin Strategic Reserve, which will store confiscated BTC rather than engage in trading. Meanwhile, concerns over US debt mismanagement have fueled discussions about Bitcoin’s growing role as a global store of value.
Bitcoin Volatility Spikes as Trump Imposes New Tariffs
Bitcoin experienced sharp price swings following the announcement of widespread US tariffs on April 2. Initially surging to $88,500, BTC quickly reversed, shedding over 4% in weekly trading. The tariffs, which take effect on April 5, impose a 10% base rate on all exporters and harsher penalties on over 60 countries, with China facing a 54% total levy. Market analysts warn that escalating trade tensions could continue to pressure both traditional and digital assets in the coming weeks.
BlackRock CEO: Bitcoin Could Challenge US Dollar’s Global Dominance
BlackRock CEO Larry Fink has warned that the US dollar's status as the world’s reserve currency is at risk, citing Bitcoin and other digital assets as rising contenders. He emphasized the transformative potential of tokenization, which could revolutionize global finance by integrating blockchain technology across asset classes. With growing concerns over US debt management, Fink’s remarks highlight a shifting financial landscape where decentralized assets may play an increasingly central role.
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