The White House has acknowledged that establishing a strategic Bitcoin reserve for the United States remains a work-in-progress, as federal agencies continue to evaluate the best structure for the fund.
Former Tether chief investment officer Richard Heathcote is seeking to sell part of his 1.26% stake in the stablecoin issuer, according to a Bloomberg report citing people familiar with the matter.
The Trump administration’s plan to establish a US Strategic Bitcoin Reserve has encountered a significant hurdle, as federal agencies clash over oversight and legal authority, according to a Bloomberg report.
The operation, dubbed JadePuffer, involved an AI agent breaking into a vulnerable server, stealing credentials, moving through the network, encrypting files, and writing its own ransom note.