The Daily: Cathie Wood says US government may soon start buying bitcoin, Ripple secures FCA authorization, and more

Ark Invest founder Cathie Wood suggested the U.S. government might soon begin purchasing Bitcoin to build its national reserve, moving beyond only holding confiscated assets, potentially aiming for one million BTC. She also anticipates the administration will push for a de minimis tax exemption for small crypto transactions. In regulatory news, Ripple secured necessary authorization from the UK's Financial Conduct Authority (FCA), allowing it to expand its digital asset payments platform in the country. Meanwhile, Colombia's tax authority (DIAN) mandated that crypto exchanges report detailed user and transaction data to combat tax evasion. The summary also noted that U.S. spot Bitcoin ETFs experienced a three-day streak of outflows totaling nearly $1.12 billion, and stablecoin payments firm Rain raised $250 million in a Series C round, valuing the company at nearly $2 billion.

(Source：The Block)