American Bitcoin boosts treasury as SPS jumps after 416 BTC accumulation

The Samourai Wallet trial has emerged as a pivotal case in the ongoing debate over financial privacy and developer freedoms, particularly as former President Trump pledges to support self-custody in cryptocurrency. The outcome could significantly influence the regulatory landscape surrounding Central Bank Digital Currencies (CBDCs) and innovation in cryptographic finance.

American Bitcoin Corp. has added 416 BTC to its treasury, increasing its total holdings to 4,783 BTC. This acquisition occurs amid ongoing pressure on the company's stock, which has faced significant volatility due to broader market trends.

American Bitcoin Corp. has increased its bitcoin reserves by 416 BTC, bringing its total holdings to 4,783 BTC, while ProCap Financial has reached a milestone of 5,000 BTC in its portfolio. This growth reflects a strategic move by both companies to strengthen their positions in the cryptocurrency market.

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Ondo Finance, a decentralized finance platform, without filing any charges. This investigation, which began during the Biden administration, focused on whether Ondo's tokenized products complied with federal securities laws. The SEC's decision marks the end of a two-year probe that scrutinized the company's operations and regulatory compliance.

Former President Donald Trump is expected to announce his choice for the next Federal Reserve Chair, potentially before Christmas, as speculation grows around Jerome Powell's successor. This decision is anticipated to significantly influence Federal Reserve policy and the broader economic landscape.