Amazon shareholders have requested that the company include Bitcoin in its treasury reserve, with a minimum investment of 5% of its total assets, at its annual meeting in 2025. This and more news in this practical weekly summary so that you are always informed with the most recent events that occur within the crypto world.
Amazon to consider including Bitcoin in its treasury at the request of its shareholders
📍The National Center for Public Policy Research (NCPPR) has issued a bold proposal to Amazon shareholders, urging the e-commerce giant to consider including Bitcoin in its financial reserve strategy. This innovative proposal, which will be discussed at the next annual shareholders meeting in 2025, suggests that Amazon allocate at least 5% of its total assets to the world's most recognized cryptocurrency.
The proposal, submitted by the NCPPR, seeks to have the company evaluate the possibility of diversifying its financial reserves with Bitcoin.
This initiative responds to the growing acceptance of cryptocurrencies in the financial market and the need to explore new investment opportunities that can offer higher returns than traditional assets. Recently, Michael Saylor, president of MicroStrategy, made a presentation to the Microsoft Board of Directors to consider investing in Bitcoin as a strategic reserve asset. This presentation, which lasted three minutes, was made by Saylor at the request of Microsoft shareholders.
Although Amazon, one of the world’s most valuable tech companies, has shown a cautious attitude towards cryptocurrencies in the past, pressure from shareholders and the changing global financial landscape could lead the company to reconsider its position on Bitcoin and cryptoassets. The inclusion of Bitcoin in Amazon’s reserve treasury could not only strengthen the company’s financial position but also send a message of confidence to the market about the long-term viability of cryptocurrencies as a reserve asset.
David Sacks, the new Cryptocurrency Czar, advocates for investigating Operation ChokePoint 2.0
📍David Sacks, the newly appointed White House Artificial Intelligence and Cryptocurrency Czar, has proposed a thorough investigation into the operation known as “ChokePoint 2.0.” In a thread on X, Sacks has expressed his concern about the negative effects of this operation, pointing out that there are too many stories of people who have been hurt by this initiative, so he considers it essential that it be thoroughly examined, in order to ensure that the rights of legitimate companies in the crypto sector are not being violated, he indicated.
Sacks responded to a post by Chris Lane, former CTO of Silvergate Bank, who recounted the collapse of Silvergate, which had been “a central piece of infrastructure in the cryptocurrency economy.”
Operation ChokePoint 2.0 refers to a series of regulatory actions that some industry players say have severely limited cryptocurrency firms' access to banking services in the United States. This initiative, which some see as an evolution of the original Operation ChokePoint in 2013, has been criticized by influential figures in the crypto world, who claim that it has harmed numerous companies and contributed to the regional banking crisis that affected Silvergate, Silicon Valley Bank, and Signature Bank in 2023.
In addition to the crypto czar, Rep. French Hill and the Satoshi Action organization, co-founded by Dennis Porter, have also taken it upon themselves to investigate and fight to put an end to this operation, in order to clarify regulatory practices and protect legitimate companies in the crypto world.
Michael Saylor suggests the United States invest in Bitcoin
📍MicroStrategy CEO Michael Saylor has proposed that the US sell its gold and adopt Bitcoin. Saylor recently said that the United States must replace gold with Bitcoin to dominate the capital market around the world. According to Saylor, who spoke at a interview recent with Yahoo Finance, this move could strengthen the country's position as a global capital market.
Michael Saylor’s proposal comes in a context where blockchain technology and cryptocurrencies are emerging as transformative forces in the global financial landscape. MicroStrategy, under his visionary leadership, has taken the lead in Bitcoin adoption, establishing itself as one of the most influential companies in terms of holding this cryptocurrency, accumulating a total of 402.100 BTC in its reserves.
Now, Saylor is putting forward a bold idea by proposing that the US government divest its entire gold reserve and use those funds to acquire Bitcoin. According to him, this move would not only modernize the country’s reserves, but could catapult the United States into becoming the “World Reserve Capital Network.” He estimates that the potential value of this Bitcoin reserve could reach a staggering $100 trillion, which would represent a significant increase in national wealth.
MicroStrategy President Michael Saylor has warned that if the United States sells its gold reserves to acquire Bitcoin, the value of gold could collapse. This would create an economic dilemma for rival nations such as Russia and China, which have been increasing their gold reserves to challenge US economic hegemony. In this situation, these countries could be forced to liquidate their gold assets to invest in Bitcoin, which would intensify competition in the cryptocurrency market.
However, despite the potential advantages, Saylor's proposal faces significant criticism and challenges. Still, Saylor insists that Bitcoin adoption is inevitable and that the United States must lead this change to maintain its leadership position in the global market.
So far, the Donald Trump administration has shown interest in blockchain technology and cryptocurrencies, promising to regulate these innovations in a friendly manner.
Pierre Rochard warns of regulatory risks for Bitcoin in the US
📍Riot Platforms' Vice President of Research Pierre Rochard has issued a warning about the implications of Bitcoin and cryptocurrency regulation in the United States. In a recent post on X, Rochard highlighted that the creation of new authorities for the Commodity Futures Trading Commission (CFTC) to directly regulate the crypto spot market, particularly the BTC/USD pair, could have negative consequences for the Bitcoin ecosystem.
According to Rochard, the main risk is that a “deep state” could leverage this new power and associated bureaucracy to attack Bitcoin or increase compliance costs. This could result in a regulatory moat that would make it difficult for cryptocurrency-related businesses to operate in the country.
The expert argues that this measure lacks strategic benefits for Bitcoin and could represent a cynical political trade-off, where regulation is reduced for token companies, but increased for Bitcoin companies.
In response to these concerns, Rochard offers a bold solution: removing the Securities and Exchange Commission’s (SEC) jurisdiction over cryptocurrencies and allowing the free market to determine its course. He further suggests that the CFTC should have no authority over crypto derivatives. According to him, this deregulation could open the doors to a more dynamic and competitive ecosystem, where innovation flourishes without the current bureaucratic restrictions.
New regulation in the Czech Republic encourages the adoption of cryptocurrencies
📍The Czech Parliament has passed a groundbreaking law exempting cryptocurrency holdings held for more than three years from capital gains tax. This measure, which will come into force on January 1, 2025, aims to promote the adoption and sustainable use of digital assets in the country.
The new regulation states that annual income from cryptocurrencies not exceeding 100,000 CZK (approximately $4,200) will be tax-free. Additionally, digital assets held for more than three years before being sold will also be able to benefit from this exemption, thus promoting long-term investment strategies. This legislation aligns with a broader effort by the Czech government to clarify the taxation of digital assets and foster a favorable environment for cryptocurrency investors.
With this initiative, the Czech Republic joins countries such as Switzerland and the United Arab Emirates in offering tax incentives to long-term cryptocurrency holders, and positions itself as a leader in favorable cryptocurrency regulation in Europe, contrasting with the more restrictive stance adopted by other countries on the continent.
