Donald Trump's executive order to create a strategic Bitcoin reserve is stalled. While the U.S. government has increased its Bitcoin holdings to about $29 billion, legal issues are complicating the establishment of the reserve. A White House staffer noted ongoing discussions about the necessary legal frameworks.

Dragonfly Ventures is reportedly under consideration for charges by the U.S. government due to its early investment in Tornado Cash, a cryptocurrency mixing service. The government's scrutiny is part of an ongoing legal battle involving Tornado Cash co-founder Roman Storm, who faces serious allegations related to money laundering and sanctions violations.