The Blockchain Bulletin March 15: Trump Admin Pushes No Limit on U.S. Bitcoin Holdings

Hey Folks! Welcome to our latest edition of the Blockchain Bulletin, which offers precise, and insightful news that took over the headlines in the past 24 hours. On the policy front, the Trump administration has made a significant move toward Bitcoin acquisitions. During a Bitcoin Policy Institute roundtable, Bo Hines stated there should be no limit on U.S. Bitcoin holdings. A White House official later confirmed the acquisitions would be budget-neutral, aligning with plans for a Strategic Bitcoin Reserve.

The continuing legal battle between Ripple and the SEC took a turn as the regulatory board suggested classifying XRP as a Strategic Financial Asset. This contrasts with its 2020 lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Christian Larsen for raising $1.3 billion in an unregistered securities offering. Ripple was ordered to pay $125 million, and delays in negotiations over penalties persist. Fox News correspondent Eleanor Terret noted that Ripple is pushing for better terms on penalties and injunctions.

Meanwhile, BlackRock’s BUIDL Fund, launched with Securitize, surpassed $1 billion in assets. Backed by U.S. Treasuries, it offers exposure to crypto investors and will expand to Aptos, Arbitrum, Avalanche, Optimism, and Polygon. Ethena Labs’ stablecoin, USDtb, introduced in December 2024, holds 59.26% of its reserves in BUIDL tokens.

In governance, Solana validators rejected SIMD-0228, an inflation model change. Dune Analytics data showed that of the 746 validators, 37.8% supported the proposal, 18.5% opposed it, and 1.2% abstained. Tushar Jain, co-founder of Multicoin Capital, called the vote a “huge victory” for Solana’s governance.

Elsewhere, Binance secured a record-breaking $2 billion investment from MGX, an Abu Dhabi-based tech firm focused on AI and blockchain. CEO Richard Teng said the investment strengthens Binance’s compliance and regulatory efforts.

A whale investor made headlines by purchasing 254.66 million Doginme tokens for 51.2 ETH ($97.7K) on March 14, 2025. Within hours, unrealized profits soared to $108K (110% gain). Market speculation grew after Coinbase announced potential integration of the token. Stablecoins are seeing rapid growth, with their market cap surpassing $219 billion, closing in on Ethereum’s valuation. IntoTheBlock analytics reports stablecoin supply increased by 10.9% since January 1, reflecting a shift toward risk-averse assets.

Meanwhile, Three Arrows Capital (3AC) increased its FTX bankruptcy claim from $120 million to $1.53 billion. The U.S. Bankruptcy Court rejected FTX’s objections, citing FTX’s failure to share records. The ruling complicates FTX’s restructuring process. 

Bitcoin remains highly volatile, with investors buying between $100,000-$150,000 but selling below $85,000. Analyst Crypto Patel noted that UTXO capitalization declined $100 billion since February, increasing market pressure.

Finally, Binance founder CZ denied reports of seeking a Trump pardon, dismissing Wall Street Journal and Bloomberg allegations as politically motivated attacks. Meanwhile, the Cardano Foundation proposed a 44% budget cut for Input Output Global, raising concerns about network development.

With regulatory shifts, institutional investments, and market volatility, the crypto landscape continues to evolve, shaping the industry’s future.

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