Strategic Reserve Announced

The Ethereum Foundation, the non-profit organization that supports the development and research of the Ethereum blockchain, is shaking things up according to blog post released over the weekend. Aya Miyaguchi moved into a president’s role and now Hsiao-Wei Wang and Tomasz Stańczak are stepping in as co-executive directors. Meanwhile, long-time EF researcher Danny Ryan is joining Etherealize, a startup looking to pitch ETH to Wall Street. Maybe some fresh faces (and departures) will help unify the messy narrative.

The SEC has "agreed in principle" to drop its lawsuit against Kraken, according to an announcement from the company today. The company - by all appearances - is now ready for an IPO.

Coinbase $COIN ( ▲ 8.2% ), through a FOIA request, is asking the SEC to release a record of its spending on investigations and actions against the crypto industry in recent years. While transparency is a worthwhile goal, with the regime having changed, we hope that crypto companies spend more time focusing on expanding economic freedom and less time on revenge.

President Trump’s “Strategic Reserve” is, in reality, a broader crypto reserve that includes Ripple (XRP), Solana (SOL), and Cardano (ADA). Markets love the news: ADA jumped nearly 50%, with BTC and ETH flashing green after Trump clarified he “loves” them too. But critics are bummed (and we are too) that it’s not truly a “Bitcoin” reserve, suspecting that our lovely government might just formalize already-seized crypto under a flashy new name rather than actively buy it.

At the end of the day, it all just feels like they are trying to make constituents "happy".

A first-ever White House Crypto Summit is set for Friday, with top industry players expected to hear the administration’s crypto “regulatory blueprint.” Meanwhile, all strategic reserve coins appear to be cooling down during market hours despite the weekend surge.