[News Brief] Apr 22, morning | Rep. Nick Begich’s Strategic Bitcoin Reserve Bill Expands to 21 Co-Sponsors

The number of co-sponsors for U.S. Rep. Nick Begich’s proposed strategic Bitcoin reserve bill has increased to 21.

Source: Bitcoin Magazine. The bill would incorporate Bitcoin into the United States’ strategic reserve assets, and whether support continues to expand within Congress is seen as a key variable in future discussions.

U.S. Senator Cynthia Lummis said the CLARITY Act would resolve the regulatory uncertainty faced by U.S. digital asset consumers and the industry, according to Odaily, citing Cointelegraph.

The CLARITY Act is legislation designed to clarify regulatory authority and applicable standards in the U.S. digital asset market. The industry has long pointed to uncertainty over whether assets are classified as securities or commodities as a major risk.

The U.S. Securities and Exchange Commission (SEC) has delayed plans to allow blockchain-based tokenized stocks, Watcher.Guru reported.

Tokenized stocks represent traditional stock rights in token form on a blockchain. With the delay, the timeline for bringing related products into the regulated mainstream may be pushed back further.

According to Odaily, Kevin Warsh was sworn in as Chair of the U.S. Federal Reserve.

The Fed chair is a key figure in determining interest rates and the direction of monetary policy, and this appointment could affect financial markets and crypto investor sentiment going forward.

According to Whale Alert, 284,196,459 USDC was transferred from an unknown wallet to Coinbase.

The transfer was worth approximately $284,295,501. Large inflows of stablecoins to exchanges are often used as an indicator of potential buying power entering the market.

Bitcoin Magazine reported that the top five U.S. spot Bitcoin ETFs hold a combined 1,239,336 BTC.

The holdings are valued at more than $95.3 billion. Spot Bitcoin ETFs are closely watched by the market as a key indicator of institutional capital inflows.

U.S. Treasury Secretary Scott Bessent said Fed Chair Warsh would make the right decision regarding rate cuts, according to Odaily.

Rate cuts affect dollar liquidity and risk-asset appetite, and the crypto market has historically been sensitive to such comments.

President Trump said Fed Chair nominee Warsh would receive “the full support of the administration.”

According to Odaily, Trump also said regarding debt, “We will grow our way out of debt,” adding, “I want to curb inflation, but I do not want to stop economic growth.”

He added that Warsh would bring reform and modernization to the Federal Reserve. The remarks came as markets remain focused on the future direction of U.S. monetary policy and economic stimulus.

According to Whale Alert, about 143.37 million USDC (approximately $143.42 million) was transferred from an unknown wallet to Coinbase.

Large stablecoin inflows to exchanges can be interpreted as sidelined capital for potential purchases, though the actual purpose of the funds has not been confirmed.

An Iranian Foreign Ministry spokesperson said differences between Iran and the United States remain deep and clear, and there is no imminent agreement.

The remarks came as market uncertainty persists over the outlook for negotiations between the two countries.