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⌐◪-◪ → The Central Bank cannot own Bitcoin (yet).

Federal Reserve Chair Jerome Powell just took a hardline stance against Trump’s proposed Strategic Bitcoin Reserve, stating: “We’re not allowed to own Bitcoin... we are not looking for a law change.”

While Powell is technically correct that the U.S. central bank cannot own Bitcoin under current laws, his further remarks made it clear the Fed has no intention of pushing for a law change anytime soon.

This comes as prominent crypto figures like Nic Carter and Arthur Hayes voiced concerns about the feasibility of a Bitcoin Reserve, arguing it’s unlikely and potentially not a great idea.

Powell’s comments triggered a dip in Bitcoin’s price, a reality check for those who think Trump can just waive a magic wand to create law — which he cannot.

However, Trump could still push for a “stockpile,” where seized BTC is held without being sold. A formal reserve, as Carter and Hayes noted, remains a much tougher challenge.

⌐◪-◪ → World Liberty makes a bold move with WBTC.

Trump’s World Liberty Finance just converted $10 million of Bitcoin from Coinbase into Wrapped Bitcoin (WBTC), a tokenized version of BTC on Ethereum.

This comes after a judge approved Coinbase’s move to delist WBTC, citing concerns over its links to Justin Sun. Interestingly, World Liberty has now opted to convert a significant portion of its holdings to WBTC in response.

This move underscores the ongoing tension between centralization in both major exchanges and prominent DeFi projects — especially when crypto politics intersect with legal challenges. Tensions between Coinbase, Justin Sun, and World Liberty are heating up fast.

What do you think about Justin Sun’s involvement? Join the debate in Specs.Chat!

⌐◪-◪ → Another Nation is eyeing Bitcoin.

Dutch lawmakers today urged their government to create a National Bitcoin Reserve, proposing to sell some gold reserves to fund it — a move strikingly similar to Sen. Lummis’ U.S. Bitcoin Reserve bill.

Their argument? Bitcoin’s rising value and position as a digital store of value make it a strategic asset, just like gold.

With proposals like this popping up regularly — from Hong Kong to Russia — it’s clear the Bitcoin Standard is inevitable. The only question is, which nation will secure their spot first?

Pump my bags, nation-states.

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