Transaction URL: https://blockchain.com/btc/tx/8b770235073f25f6d5b4cc7905bb86f111e2e5d1ab774b64b7618810aa11bc8b
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Satoshi Hamada, a Japanese lawmaker, has proposed the inclusion of Bitcoin (BTC) in Japan’s foreign exchange reserves. During a parliamentary session on December 11, Hamada highlighted the growing global trend towards cryptocurrency adoption and suggested that Bitcoin could serve as a strategic hedge against economic instability. This comes at a time when nations like the US and Brazil are also exploring similar strategies.
The inquiry into Japan adopting Bitcoin reserves coincides with the cryptocurrency’s landmark surge, with Bitcoin prices topping $100,000. According to recent data from CryptoSlate, Bitcoin was trading at $101,351. Hamada emphasized the significant impact such a move could have on global markets and Japan’s financial stature.
With Japan currently trailing behind Germany as the world’s fourth-largest economy, proponents believe integrating Bitcoin could boost Japan’s economic flexibility. This move would also position Japan as a leader in digital asset innovation, mirroring crypto-positive shifts in other countries like the US and Russia.
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When Marc Andreessen went on The Joe Rogan Experience and said 30 of a16z’s portfolio founders had been debanked, or had their bank accounts closed arbitrarily, a chorus of crypto figures joined in to cry foul on the US banking system.
While discontent with the banking system is obviously nothing new in crypto, the debanking narrative — the extent of which we still know relatively little about — has given fresh ammunition to teams building bank replacements. On Solana, projects from onchain banks to subscription services are making their case for the debanked and unbanked to sign up….
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It’s that time of the year: Republicans are finalizing their picks for House committee and subcommittee chairs.
For eagle-eyed crypto fans, you probably saw Rep. French Hill was nominated to chair the House Financial Services Committee. Also of note, Glenn Thompson is slated to hold on to his position as Agriculture Committee chair.
Let’s run through what these representatives have said about crypto and what could be in store for policy next session:
French Hill
Hill was the first-ever chair of the House Subcommittee on Digital Assets, Financial Technology and…
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