The US House Financial Services Committee passed a Strategic Bitcoin Reserve bill requiring the Treasury to acquire Bitcoin in a budget-neutral manner and hold it for 20 years. Meanwhile, CFTC leadership affirmed the US commitment to crypto regulation, and analysts project Bitcoin could achieve 50% compound annual growth through 2030.
Social media posts discuss Bitcoin price speculation and recent U.S. crypto regulatory developments. The House Ways and Means Committee passed a crypto tax bill 38-5 that exempts transactions under $10 from capital gains taxes, while the CFTC announced readiness to introduce clear Bitcoin and crypto regulations.
The US government launched at least three previously unreported investigations into Polymarket, a prediction market, examining suspicious trading on Biden pardons, Iran-related contracts, and Google-related events. The investigations were prompted by media reports and involved potential insider trading violations under the Commodities Exchange Act.