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The US authorities have started releasing Chinese-made Bitcoin mining equipment that was seized last year. According to Taras Kulyk, the CEO and co-founder of crypto mining equipment broker Synteq Digital, thousands of pieces of equipment have been released. However, as many as 10,000 units are still stuck at various ports of entry. For context, the U.S. Customs and Border Protection (CBP) seized multiple imports of Antminer ASICs in November last year. According to our research, this operation occurred across multiple ports, including San Francisco and Detroit. Interestingly, the request was allegedly made by the Federal Communications Commission (FCC). Based on reports, these agencies were not targeting ASIC manufacturers like MicroBT or Canaan. Instead, they were focused on the latest series of ASIC miners from Bitmain – Bitmain’s Antminer S21 and T21 series. Other sources also disclosed that this equipment contained AI chips from Sophgo, a now restricted chip company. Speaking on this, Luxor Technology’s Chief Operating Officer, Ethan Vera, disclosed that radio frequency emissions were spotted from the machines. Meanwhile, Kulyk believes that this was a deliberate ploy to disrupt the crypto market. Blockspace’s Will Foxley has also explained that this move was part of the decision to onshore most of the sensitive industries around Silicon. All these Bitcoin miners are using massive amounts of silicon, making massive amounts of units and importing them into the United States. The implication was that American mining firms were prevented from expanding their ASIC chips, which ultimately limited Bitcoin’s hash rate. Meanwhile, US President Donald Trump has pledged to encourage local Bitcoin miners. In one of his campaign messages last year, Trump pledged to make sure that the remaining Bitcoins are mined in the US. With this, an anti-mining activist and energy analyst, Alex de Vries, believes that Trump meant to say there would be less scrutiny for the Bitcoin mining industry in the country. Fascinatingly, some countries, including Russia, have already approved a bill to legalize Bitcoin mining, as noted in our earlier coverage. Amidst the backdrop of this, Bitmain is reported to be expanding operations in the US by launching local production lines. According to the official release, this development is to enable them to serve North Americans better by improving supply chain efficiency, reducing delivery delays, and providing more responsive support. It is also important to note that the US leads Bitcoin mining with 36% of the global hashrate. As detailed in our last news piece, Texas alone contributes 17%. The Bitcoin price seems to be reacting to this development as it surged by 2% in the last 24 hours to trade at $92k. Our market data also indicates that the asset has, however, recorded a 10% decline in trading volume as $52 billion changes hands at press time. According to our recent analysis , the price could continue to hit $250k this year.

According to Galaxy Digital's research, the US government is unlikely to purchase Bitcoin for reserves in 2025, instead focusing on managing its existing stockpile of 183,850 BTC, valued at approximately $17.36 billion ¹. This prediction comes from Alex Thorn, Galaxy Digital's head of research, who suggests that while discussions around a Bitcoin reserve policy may progress, the government won't be acquiring more Bitcoin. The US government already holds a significant amount of Bitcoin, primarily acquired through asset seizures, such as the Silk Road case. Some experts, like Senator Cynthia Lummis, have proposed bills suggesting the government purchase more Bitcoin, but these plans seem unlikely to materialize in 2025. *Key Points:* - *No New Bitcoin Purchases:* The US government is unlikely to purchase additional Bitcoin in 2025. - *Existing Stockpile:* The government will focus on managing its existing stockpile of 183,850 BTC. - *State-Level Adoption:* Some states, like Ohio, Texas, and Pennsylvania, are introducing legislation to allow state treasuries to hold Bitcoin as a portion of their financial reserve. It's worth noting that Federal Reserve Chair Jerome Powell has ruled out the possibility of the central bank adding Bitcoin to its balance sheet, citing legal restrictions under the Federal Reserve Act ¹.

According to Galaxy Digital's research, the US government is unlikely to purchase Bitcoin for reserves in 2025, instead focusing on managing its existing stockpile of 183,850 BTC, valued at approximately $17.36 billion ¹. This prediction comes from Alex Thorn, Galaxy Digital's head of research, who suggests that while discussions around a Bitcoin reserve policy may progress, the government won't be acquiring more Bitcoin. The US government already holds a significant amount of Bitcoin, primarily acquired through asset seizures, such as the Silk Road case. Some experts, like Senator Cynthia Lummis, have proposed bills suggesting the government purchase more Bitcoin, but these plans seem unlikely to materialize in 2025. *Key Points:* - *No New Bitcoin Purchases:* The US government is unlikely to purchase additional Bitcoin in 2025. - *Existing Stockpile:* The government will focus on managing its existing stockpile of 183,850 BTC. - *State-Level Adoption:* Some states, like Ohio, Texas, and Pennsylvania, are introducing legislation to allow state treasuries to hold Bitcoin as a portion of their financial reserve. It's worth noting that Federal Reserve Chair Jerome Powell has ruled out the possibility of the central bank adding Bitcoin to its balance sheet, citing legal restrictions under the Federal Reserve Act ¹.

$BTC $BTC According to Galaxy Digital's research, the government is unlikely to purchase Bitcoin for reserves in 2025. Instead, they'll focus on managing their existing stockpile of 183,850 BTC, valued at approximately $17.36 billion ¹. This prediction comes from Alex Thorn, Galaxy Digital's head of research, who suggests that while discussions around a Bitcoin reserve policy may progress, the government won't be acquiring more Bitcoin ². However, some government agencies may explore an "expanded Bitcoin reserve policy" to utilize their existing Bitcoin in future strategies ¹. It's worth noting that the U.S. government already holds a significant amount of Bitcoin, primarily acquired through asset seizures, such as the Silk Road case ¹. Some experts, like Senator Cynthia Lummis, have proposed bills suggesting the government purchase more Bitcoin, but these plans seem unlikely to materialize in 2025 ¹. Federal Reserve Chair Jerome Powell has also ruled out the possibility of the central bank adding Bitcoin to its balance sheet, citing legal restrictions under the Federal Reserve Act ³. Powell emphasized that the Fed is not pursuing any legislative changes to alter this position. The implications of a Bitcoin reserve policy are significant, with potential impacts on the market and the wider economy. A commitment from the U.S. government to purchase Bitcoin could increase demand and raise prices, setting a global precedent for other nations to follow ¹. While the U.S. government may not be purchasing Bitcoin for reserves in 2025, some states are taking a more proactive approach. Ohio, Texas, and Pennsylvania have introduced legislation to allow state treasuries to hold Bitcoin as a portion of their financial reserve ¹. This growing interest at the state level could pave the way for broader adoption of Bitcoin in the future.

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.