Community reactions to the proposal have been swift and largely critical. The reissuance threatens to dilute value, a sore point for a community celebrating the 2021 burn as a moonshot moment.
Senate leaders are said to be queuing up votes to reverse two Biden-era regulations tied to digital assets: the IRS DeFi rule and a CFPB digital-payments rule.
Futures tracking ADA, XRP and SOL registered over $70 million in liquidations each, their highest such levels since September 2024, Coinglass data shows.