Today’s issue is brought to you by Safe — the world’s leading smart account provider on EVM, securing $100B+ in assets (including Vitalik’s).

👉 Join their Telegram for exclusive alpha!

Telegram | Twitter | Community

⌐◪-◪ → Presenting, Digital Fort Knox!

Yesterday, President Donald Trump officially created a Strategic Bitcoin Reserve and Stockpile, delivering on his biggest promise to the crypto community. While some are trying to downplay the move (likely just their T.D.S. acting up), the reality is this is a massive, unprecedented moment in Bitcoin history.

The executive order does a few key things: it establishes the reserve, sidelines 200K BTC (~1% of supply) in U.S. government holdings, allows for the stockpiling of other seized crypto, and—most interestingly—authorizes “budget-neutral” strategies to acquire more Bitcoin without adding costs to taxpayers.

That last bit is still unclear, but Michael Saylor already chimed in saying he has a few strategies in mind. Could be Bitcoin bonds, selling gold, or even liquidating some of our strategic cheese reserves. All fair game.

For those saying this is "nothing," you need to wake up. The ETFs legitimized Bitcoin as an asset for Wall Street. This just legitimized Bitcoin as an asset for nation-states—on par with gold. The real race for sovereign Bitcoin accumulation has officially begun.

With this news out of the way, it makes you wonder what the next big bombshell from today’s White House Crypto Summit will be. If it’s tax incentives, we’re all about to be in a really good mood.

⌐◪-◪ → The SBF saga never dies.

Tucker Carlson just dropped a 43-minute interview with Sam Bankman-Fried, who is currently serving a 25-year sentence at MDC Brooklyn (with Diddy, apparently).

I haven’t had a chance to watch the full thing, but the highlights making the rounds are already wild:

• “Diddy has been kind to me”

• “I don’t think I was a criminal”

• Describes why prison is soul crushing

• Discusses how he has no money left

Hearing Sam insist he’s not a criminal despite stealing billions is peak delusion. He also doubled down on how FTX would be worth $93B if it were still alive today—because, you know, that’s totally how things work.

By that logic, if I had all the Bitcoin I used to buy pizza in 2011, I’d be worth $100M right now.

Shoutout to Tucker for exposing just how much of a sociopath SBF is. And RIP to Sam’s crisis PR manager, who reportedly had no idea this interview even happened until it aired—and promptly resigned.

⌐◪-◪ → The Lone Star State is leading the way!

The Texas Senate just passed SB21 in a 25-5 vote, bringing the state one step closer to becoming the first in the U.S. to hold Bitcoin on its balance sheet.

The bill would establish a Texas Strategic Bitcoin Reserve, administered by the Texas Comptroller, and include Bitcoin plus other cryptos with a market cap of at least $500B. That means Bitcoin (market cap: $1.78T) qualifies, but Ethereum ($265B) doesn’t even make the cut.

Lt. Gov. Dan Patrick praised the move, calling Bitcoin’s "limited supply and decentralized nature a critical asset for Texas’ future.”

Shoutout to Senator Dr. Charles Schwertner for pushing the bill across the Senate line. If it passes the House, Texas could be the first U.S. state to have a Bitcoin reserve—standing with Trump’s mission to make the U.S. the crypto capital of the world.

Will Texas lead the charge, or will another state beat them to it? Join Specs.Chat to see what the hive mind thinks!

Join Our Community!

Designed to make you a better crypto investor, builder, and operator.

💬 Chat with Valko and other experts
📚 Access additional hand-curated resources
😊 Make friends, share memes, have fun