The U.S. Congress has reintroduced the Bitcoin Reserve Act, with Republican lawmakers pushing to accumulate 5% of the global Bitcoin supply. The proposed legislation aims to establish a national Bitcoin reserve, positioning the U.S. as a leader in the digital assets ecosystem. If passed, the U.S. government could become one of the largest Bitcoin holders, reinforcing Bitcoin's status as a sovereign reserve asset.
In a separate development, the European stablecoin issuer StablR suffered a security breach, resulting in a loss of approximately $2.8 million. The attack led to the depegging of its euro-backed EURR and dollar-backed USDR stablecoins. The attacker exploited a key management flaw, minting additional tokens and exchanging them for Ethereum, causing significant price drops in the affected stablecoins.
U.S. Congress Reintroduces Bitcoin Reserve Act; StablR Hacked for $2.8M
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