Minnesota state Senator Jeremy Miller has introduced the Minnesota Bitcoin Act, which he drafted after completely changing his stance on Bitcoin.

“As I do more research on cryptocurrency and hear from more and more constituents, I’ve gone from being highly skeptical to learning more about it, to believing in Bitcoin and other cryptocurrencies,” Miller said in a March 18 statement.

Miller said the bill aims to “promote prosperity” for Minnesotans by allowing the Minnesota State Board of Investment to invest state assets in Bitcoin (BTC) and other cryptocurrencies, just as it invests in traditional assets.

Several other US states have introduced similar Bitcoin-buying bills, with 23 states having introduced legislation to create a Bitcoin reserve, according to Bitcoin Laws.

A total of 39 different bills related to state investments in Bitcoin have been introduced across 23 US states. Source: Bitcoin Laws

Under Miller’s bill, Minnesota state employees would be able to add Bitcoin and other cryptocurrencies to their retirement accounts.

It would also give residents the option to pay state taxes and fees with Bitcoin. Colorado and Utah already accept crypto for tax payments, while Louisiana allows it for state services.

Investment gains from Bitcoin and other cryptocurrencies would also be exempt from state income taxes. In the US, up to $10,000 paid to the state can be deducted from federal taxes under the state and local tax deduction, but any amount beyond that is subject to both state and federal tax obligations.

Related: SEC could axe proposed Biden-era crypto custody rule, says acting chief

The increasing number of US states proposing Bitcoin reserve bills follows Senator Cynthia Lummis’ July Strategic Bitcoin Reserve Act, which directs the federal government to buy 200,000 Bitcoin annually over five years, totaling 1 million Bitcoin.

However, on March 12, Lummis proposed a newly reintroduced BITCOIN Act, allowing the government to potentially hold more than 1 million Bitcoin as part of its newly established reserve.

Bitcoin has shown significant gains compared to traditional assets in recent years. From August 2011 to January 2025, Bitcoin posted a compound annual growth rate of 102.36%, compared to the S&P 500’s 14.83%, according to Curvo data.

Bitcoin’s compound annual growth rate is significantly higher than the S&P 500s. Source: Curvo

Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why

The EOS Network, a blockchain that launched in 2018 amid the initial coin offering boom, has rebranded to Vaulta and will pivot to focusing on Web3 banking. 

The switch to Vaulta is tentatively scheduled for the end of May and will include a new token and the establishment of an advisory group known as the Vaulta Banking Advisory Council to help with the firm’s new direction, the company said in a March 18 statement.

In a separate statement, the firm said the network’s EOS (EOS) token will transition to the Vaulta Token, which will be available on the nearly 140 exchanges where EOS trades and through a swap portal available in May. It added that the token’s ticker and technical details will be revealed at a later date. 

Source: EOS Network

Vaulta will also inherit EOS Network’s underlying infrastructure, including integration with the Bitcoin digital banking solution, exSat, which complements Vaulta’s BankingOS system, offering a suite of financial services through partnerships with Ceffu, Spirit Blockchain and Blockchain Insurance Inc. 

EOS Network’s rebranding to Vaulta marks a significant course correction for the blockchain,  which launched to great fanfare in June 2018 off the back of a year-long and largest-ever $4.1 billion ICO run by the company behind the network, Block.one.

Following its launch, EOS was a top 10 project by market cap for several years. But its value has been in steady decline and is now just inside the top 100, sitting at 95, according to CoinGecko.

There’s a range of opinions about where EOS went wrong. Some who volunteered to assist in developing the network say there was a lack of support and direction from Block.one. 

Related: Tracing the evolution of Blockchain, with Eos Network Foundation exec

Block.one made a $24 million settlement with the Securities and Exchange Commission in September 2019, and some commentators argued that the firm’s focus then shifted from EOS’ base tech to other projects — like the social app-turned-NFT marketplace Voice and the crypto exchange Bullish.

Goodblock CEO Douglas Horn believes EOS investors were misled from the start, telling Cointelegraph Magazine in 2023 that “Block.one did a deceitful ICO, whether that was planned from the beginning or not.”

Magazine: Whatever happened to EOS? Community shoots for unlikely comeback

An attacker has breached the dashboard of an artificial intelligence crypto bot and made two prompts for it to transfer 55.5 Ether, worth $106,200, from its wallet, sparking concerns about the security of AI agents in crypto.

In a March 18 X post, “rxbt” — the maintainer of the bot called “aixbt,” which commentates on the market — said its core systems weren’t impacted, and the breach wasn’t the result of manipulating the AI.

“We’ve migrated servers, swapped keys, paused dashboard access for security upgrades, and reported hacker addresses to exchanges,” rxbt added.

Source: rxbt

CoinGecko data shows that the aixbt (AIXBT) token on the Ethereum layer 2 Base has fallen 15.5% to 9 cents since the hack, which happened on March 18 at 1:58 am UTC.

Observers initially thought someone had manipulated the bot, after the AI agent platform Simulacrum AI posted to X that it sent a 55.5 Ether (ETH) tip to the attacker, X user “0xhungusman,” whose account has since been suspended.

Source: Simulacrum AI

AI-powered bots that commentate on and trade in the crypto market, such as aixbt, ai16z and Truth Terminal, continue to be experimented with in crypto as traders look to leverage AI in their trading strategies.

Spencer Farrar, a partner at the AI and crypto-focused venture capital firm Theory Ventures, told Cointelegraph that these AI applications are “a bit frothy” at the moment, but more utility could come down the line.

Farrar expects to see further experimentation with crypto AI tokens, as they allow retail investors to speculate on smaller market cap ideas that largely aren’t as accessible in the stock market.

“Things tend to start off like this in the open-source world; you see a ton of tinkering, and then perhaps we’ll see something really big come of it.”

Related: Not every AI agent needs its own cryptocurrency: CZ

Decentralized AI researcher “S4mmy” said on X that AI agents managing crypto funds must be battle-tested further to ensure threat actors can’t easily compromise AI bots and steal funds.

“Excited to see how these solutions evolve over the next 12 months as large DeFi protocols integrate existing solutions or develop their own,” they added.

Source: rxbt

The market capitalization of tokens tied to AI agents currently sits at $4.2 billion, CoinGecko data shows.

Magazine: Train AI agents to make better predictions… for token rewards

The BNB Chain-based memecoin launch platform Four.Meme has resumed operations after being hit with a sandwich attack that exploited it for around $120,000.  

Four.Meme said in a March 18 X post that its launch function was back after inspecting and addressing a security issue. It had earlier suspended the function to investigate it, saying it was “under attack.”

“The launch function has now been resumed after a thorough security inspection. Our team has addressed the issue and reinforced system security. Compensation for affected users is underway,” the Four.Meme team said. 

Source: Four.Meme

Web3 security firm ExVul said in a March 18 X post that the exploit appeared to be a market manipulation technique known as a sandwich attack that netted the attacker $120,000. 

It said the attacker “pre-calculated the address for creating the liquidity pool’s trading pair” and utilized one of the platform’s functions to purchase tokens, which successfully bypassed Four.Meme’s token transfer restrictions.

“Subsequently, the hacker lay in wait for Four.Meme to add liquidity to the transaction, ultimately siphoning off the funds,” ExVul added.

Source: ExVul

Blockchain security firm CertiK came to a similar conclusion and said the attacker transferred an imbalanced amount of un-launched tokens to pair addresses before the pair was created, then manipulated the price at launch to sell them afterward for profit. 

“In this case of SBL token, for example, the attacker sent a bit of SBL token to the pre-calculated pair address in advance, then profited 21.1 BNB by sandwiching the add liquidity transaction at launch,” CertiK said. 

Source: CertiK

The tactic saw the attacker leave with at least 192 BNB (BNB), worth about $120,000, which they sent to the decentralized crypto exchange FixedFloat, according to CertiK. 

Related: Pump.fun memecoins are dying at record rates, less than 1% survive

It’s the second time that Four.Meme has been attacked in as many months, with a Feb. 11 exploit resulting in the loss of about $183,000 worth of digital assets.

Across the broader crypto industry, February saw $1.53 billion in losses to scams, exploits and hacks, with the $1.4 billion Bybit hack accounting for the lion’s share. 

Blockchain analytics firm Chainalysis says the past year saw $51 billion in illicit transaction volume, partly due to crypto crime entering a professionalized era dominated by AI-driven scams, stablecoin laundering, and efficient cyber syndicates. 

Magazine: Memecoins will die and DeFi will rise again — Sasha Ivanov 

The BNB Chain-based memecoin launch platform Four.Meme has resumed operations after being hit with a sandwich attack that exploited it for around $120,000.  

Four.Meme said in a March 18 X post that its launch function was back after inspecting and addressing a security issue. It had earlier suspended the function to investigate it, saying it was “under attack.”

“The launch function has now been resumed after a thorough security inspection. Our team has addressed the issue and reinforced system security. Compensation for affected users is underway,” the Four.Meme team said. 

Source: Four.Meme

Web3 security firm ExVul said in a March 18 X post that the exploit appeared to be a market manipulation technique known as a sandwich attack that netted the attacker $120,000. 

It said the attacker “pre-calculated the address for creating the liquidity pool’s trading pair” and utilized one of the platform’s functions to purchase tokens, which successfully bypassed Four.Meme’s token transfer restrictions.

“Subsequently, the hacker lay in wait for Four.Meme to add liquidity to the transaction, ultimately siphoning off the funds,” ExVul added.

Source: ExVul

Blockchain security firm CertiK came to a similar conclusion and said the attacker transferred an imbalanced amount of un-launched tokens to pair addresses before the pair was created, then manipulated the price at launch to sell them afterward for profit. 

“In this case of SBL token, for example, the attacker sent a bit of SBL token to the pre-calculated pair address in advance, then profited 21.1 BNB by sandwiching the add liquidity transaction at launch,” CertiK said. 

Source: CertiK

The tactic saw the attacker leave with at least 192 BNB (BNB), worth about $120,000, which they sent to the decentralized crypto exchange FixedFloat, according to CertiK. 

Related: Pump.fun memecoins are dying at record rates, less than 1% survive

It’s the second time that Four.Meme has been attacked in as many months, with a Feb. 11 exploit resulting in the loss of about $183,000 worth of digital assets.

Across the broader crypto industry, February saw $1.53 billion in losses to scams, exploits and hacks, with the $1.4 billion Bybit hack accounting for the lion’s share. 

Blockchain analytics firm Chainalysis says the past year saw $51 billion in illicit transaction volume, partly due to crypto crime entering a professionalized era dominated by AI-driven scams, stablecoin laundering, and efficient cyber syndicates. 

Magazine: Memecoins will die and DeFi will rise again — Sasha Ivanov 

Ether (ETH) price fell below $2,200 on March 9 and has struggled to recover since. The altcoin is down 14% in March and the decline has hurt investor sentiment, especially as the broader crypto market only dropped 4% in the same period. 

Adding to the bearish sentiment, traders are also worried about further ETH price corrections after a 34% weekly drop in decentralized exchange (DEX) activity on the Ethereum network.

Blockchains ranked by 7-day DEX volumes, USD. Source: DefiLlama

DEX volumes on Ethereum dropped 34% in the last seven days, a trend that also affected its layer-2 solutions like Base, Arbitrum, and Polygon. The market slump hit some Ethereum competitors, too, with Solana’s DEX activity down 29% and SUI’s down 17%. On the other hand, BNB Chain saw a 27% weekly volume increase, while Canto surged an impressive 445%.

Ethereum’s negative volume trends include an 85% drop for Maverick Protocol and a 46% decline for DODO compared to the previous week. More notably, fees on PancakeSwap — the top DEX on BNB Chain — surpassed those on Uniswap. While Ethereum remains the leader in DEX volumes, falling fees are reducing demand for ETH.

Top protocols ranked by 7-day fees, USD. Source: DefiLlama

PancakeSwap, which operates exclusively on BNB Chain, generated $22.3 million in fees over seven days, surpassing Uniswap, which runs on Ethereum, Base, Arbitrum, Polygon, and Optimism. Other signs of Ethereum’s fee weakness include Lido trailing Solana’s Jupiter and AAVE, the leading Ethereum-based lending protocol, generating less in fees than Meteora, a Solana-based automated market maker and liquidity provider. 

Ethereum leads in total value locked, but the gap is narrowing

On the positive side, Ethereum remains the dominant leader in total value locked (TVL) at $47.2 billion, but a 9% weekly decline has significantly narrowed the gap with competitors. Furthermore, its layer-2 ecosystem showed increasing signs of weakness over the seven days leading up to March 18.

Top blockchains ranked by total value locked, USD. Source: DefiLlama

Solana’s TVL dropped 3%, while BNB Chain saw a 6% increase in deposits compared to the prior week. Negative highlights for Ethereum’s TVL include an 11% decline in Stargate Finance over seven days, a 9% drop in deposits on Maker, and a 6% decline on Spark.

Ethereum’s weakening onchain metrics aligned with reduced demand for leveraged longs in ETH futures, as their premium over spot markets fell below the 5% neutral threshold, signaling weaker confidence from traders.

Ether 2-month futures annualized premium. Source: laevitas.ch

The current 3% annualized ETH futures premium is the lowest in over a year, highlighting weak demand from bullish traders. Meanwhile, spot Ethereum exchange-traded funds (ETFs) have recorded $293 million in net outflows since March 5, signaling waning institutional interest.

After Pectra upgrade, ETH needs a competitive edge and sustainable adoption

Ethereum is also facing growing competition from Solana in the memecoin sector, particularly after the launch of the Official Trump (TRUMP) token. Simultaneously, Tron and Solana have captured a combined $75 billion in stablecoins by leveraging lower transaction fees. Adding to the pressure, Hyperliquid perpetual futures introduced its own blockchain, further challenging Ethereum’s market position.

Related: Hyperliquid opened doors to ‘democratized’ crypto whale hunting: Analyst

All of this unfolded amid heated debates among investors and developers over whether Ethereum layer-2 solutions are disproportionately benefiting from extremely low rollup fees. Essentially, the decline in the DEX market share reflects waning institutional interest, particularly as Ethereum’s native staking yield sits at just 2.3% when adjusted for inflation-driven supply growth.

For Ether to regain momentum, it must demonstrate a clear competitive edge. The upcoming “Pectra” upgrade needs to provide a viable path for sustainable user adoption; otherwise, the odds remain stacked against ETH outperforming its rivals.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Cryptocurrency and fintech companies are increasingly seeking bank charters in an attempt to grow their businesses under the Trump administration, according to a report from Reuters, which talked to more than half a dozen industry executives.

The moves come as the administration is seen as more industry-friendly and there are opportunities to gain the licenses that regulators under previous administrations may have been slow to approve.

While discussions about pursuing bank charters are on the rise, it is unknown how many companies will ultimately follow through. It can cost tens of millions of dollars to start up a bank, but there are benefits such as increased credibility with the general public.

According to Reuters, 144 bank charter applications were approved every year between 2000 and 2007, but that number shrank to only five approved per year between 2010 and 2023. 2008 marked the year of the great financial crisis and subsequently increased scrutiny on banks.

The Trump administration has signaled openness to innovation in the finance sector, especially in the cryptocurrency industry. Since his January inauguration, President Trump has created a crypto working group, signed an executive order to create a national strategic Bitcoin (BTC) reserve, and hosted the first White House crypto summit.

Related: Wyoming defends crypto-friendly bank charter regime in Custodia Bank’s lawsuit with Fed

Crypto companies that have applied for bank charters in US

Although it is uncommon for crypto companies to seek bank charters in the United States, there are examples of some who succeeded in the 2020s. Crypto exchange Kraken was approved for a bank charter in Wyoming in 2020, Anchorage Digital Bank received its charter in January 2021, and crypto lender Nexo purchased a stake in a holding company that owns a federally chartered bank in 2022.

Companies face challenges when applying for bank charters in the United States such as compliance with Anti-Money Laundering laws and adherence to the Bank Secrecy Act. The increased regulatory oversight and centralization may also run contrary to the spirit of crypto, where decentralization is a core value.

However, securing a bank charter comes with a major financial benefit: companies that do so can lower the cost of capital by accepting deposits.

Magazine: Bitcoiners are ‘all in’ on Trump since Bitcoin ’24, but it’s getting risky

Cryptocurrency and fintech companies are increasingly seeking bank charters in an attempt to grow their businesses under the Trump administration, according to a report from Reuters, which talked to more than half a dozen industry executives.

The moves come as the administration is seen as more industry-friendly and there are opportunities to gain the licenses that regulators under previous administrations may have been slow to approve.

While discussions about pursuing bank charters are on the rise, it is unknown how many companies will ultimately follow through. It can cost tens of millions of dollars to start up a bank, but there are benefits such as increased credibility with the general public.

According to Reuters, 144 bank charter applications were approved every year between 2000 and 2007, but that number shrank to only five approved per year between 2010 and 2023. 2008 marked the year of the great financial crisis and subsequently increased scrutiny on banks.

The Trump administration has signaled openness to innovation in the finance sector, especially in the cryptocurrency industry. Since his January inauguration, President Trump has created a crypto working group, signed an executive order to create a national strategic Bitcoin (BTC) reserve, and hosted the first White House crypto summit.

Related: Wyoming defends crypto-friendly bank charter regime in Custodia Bank’s lawsuit with Fed

Crypto companies that have applied for bank charters in US

Although it is uncommon for crypto companies to seek bank charters in the United States, there are examples of some who succeeded in the 2020s. Crypto exchange Kraken was approved for a bank charter in Wyoming in 2020, Anchorage Digital Bank received its charter in January 2021, and crypto lender Nexo purchased a stake in a holding company that owns a federally-chartered bank in 2022.

Companies face challenges when applying for bank charters in the United States such as compliance with anti-money laundering laws and adherence to the Bank Secrecy Act. The increased regulatory oversight and centralization may also run contrary to the spirit of crypto, where decentralization is a core value.

However, securing a bank charter comes with a major financial benefit: companies that do so can lower the cost of capital by accepting deposits.

Magazine: Bitcoiners are ‘all in’ on Trump since Bitcoin ’24, but it’s getting risky

Cryptocurrency and fintech companies are increasingly seeking bank charters in an attempt to grow their businesses under the Trump administration, according to a report from Reuters, which talked to more than half a dozen industry executives.

The moves come as the administration is seen as more industry-friendly and there are opportunities to gain the licenses that regulators under previous administrations may have been slow to approve.

While discussions about pursuing bank charters are on the rise, it is unknown how many companies will ultimately follow through. It can cost tens of millions of dollars to start up a bank, but there are benefits such as increased credibility with the general public.

According to Reuters, 144 bank charter applications were approved every year between 2000 and 2007, but that number shrank to only five approved per year between 2010 and 2023. 2008 marked the year of the great financial crisis and subsequently increased scrutiny on banks.

The Trump administration has signaled openness to innovation in the finance sector, especially in the cryptocurrency industry. Since his January inauguration, President Trump has created a crypto working group, signed an executive order to create a national strategic Bitcoin (BTC) reserve, and hosted the first White House crypto summit.

Related: Wyoming defends crypto-friendly bank charter regime in Custodia Bank’s lawsuit with Fed

Crypto companies that have applied for bank charters in US

Although it is uncommon for crypto companies to seek bank charters in the United States, there are examples of some who succeeded in the 2020s. Crypto exchange Kraken was approved for a bank charter in Wyoming in 2020, Anchorage Digital Bank received its charter in January 2021, and crypto lender Nexo purchased a stake in a holding company that owns a federally-chartered bank in 2022.

Companies face challenges when applying for bank charters in the United States such as compliance with anti-money laundering laws and adherence to the Bank Secrecy Act. The increased regulatory oversight and centralization may also run contrary to the spirit of crypto, where decentralization is a core value.

However, securing a bank charter comes with a major financial benefit: companies that do so can lower the cost of capital by accepting deposits.

Magazine: Bitcoiners are ‘all in’ on Trump since Bitcoin ’24, but it’s getting risky

On March 2, President Donald Trump mentioned Cardano’s ADA (ADA) token among the cryptocurrencies to be included in the US strategic crypto reserve. Trump’s March 6 executive order clarified that altcoins would be part of the Digital Asset Stockpile (DAS) under the “responsible stewardship” of the Treasury.

ADA’s potential inclusion in a government-managed portfolio sparked industry-wide surprise and, at times, harsh criticism. Although it has loyal investors who have supported it for years, many in the crypto community questioned why the token was included in the digital asset stockpile.

Let’s analyze the blockchain to see if ADA’s fundamentals and utility support its place in the US Digital Asset Stockpile.

The case for ADA in the US Digital Asset Stockpile

Launched in 2017 via an ICO, Cardano is one of the oldest smart contract platforms. It differs from others through its research-driven design approach and its use of a delegated proof-of-stake mechanism combined with an extended UTXO accounting model.

Cardano’s ambition as a smart contract platform is well captured by X ‘Cardano_whale,’ who outlined the blockchain’s “non-negligible fees, voting power, decentralized consensus, all native token trading paired with it.”

The X post emphasizes ADA’s utility (something “most VC coins lack”) along with Cardano’s decentralized governance as key advantages.

Indeed, Cardano’s Project Catalyst is one of the largest decentralized funding initiatives in crypto. Through it, treasury funds from transaction fees and inflation are allocated democratically to community proposals. Also, unlike the Ethereum network, which still relies on offchain governance for major upgrades, Cardano aims to transition entirely to onchain governance.

The Plomin hard fork that took place on Jan. 29 marked the transition to “full decentralized governance,” according to the Cardano Foundation. It grants ADA holders “real voting power—on parameter changes, treasury withdrawals, hard forks, and the blockchain’s future.”

Cardano’s native coin, ADA, is used for network fees, staking, and governance. Its maximum supply is 45 billion, with 31 billion initially distributed—26 billion sold in the public sale and 5 billion allocated to IOHK, Emurgo, and the Cardano Foundation. 

The remaining 14 billion ADA were reserved for gradual release through minting. With 0.3% of ADA reserves distributed as rewards every five days, ADA inflation declines as reserves deplete. The current inflation rate is approximately 4%, with a circulating supply of 35.95 billion ADA.

While a capped supply can support a coin’s value and justify its inclusion in the DAS, other ADA metrics, such as fees and staking yields, lag far behind competitors. 

Should Cardano’s lagging activity raise concerns?

Despite its years in the smart contract ecosystem, Cardano has struggled to generate enough activity to establish itself among the leaders. As a result, ADA’s limited usage within the crypto ecosystem raises concerns about its long-term value.

According to Messari’s Q4 2024 State of Cardano report, the blockchain processed an average of 71,500 daily transactions, with 42,900 daily active addresses. Quarterly fees totaled $1.8 million, a stark contrast to Ethereum’s $552 million in fees over the same period, according to CoinGecko.

Cardano’s annualized real staking yield, adjusted for inflation, was approximately 0.7% in Q4, compared to Ethereum’s 2.73%.

Cardano key metrics overview, Q4 2024. Source: Messari

Related: Crypto fans are obsessed with longevity and biohacking: Here’s why

Other blockchain activity metrics reinforce the concern about adding ADA into a government portfolio:

With 449 developers working on the blockchain, Cardano ranks 12th among blockchains in developer count, according to Electric Capital’s report.

Its stablecoins’ share is just 0.01% of the total $224 billion stablecoin market cap, per DefiLlama.

Cardano’s DeFi ecosystem is underdeveloped, accounting for just 0.3% of the total $169 billion DeFi sector. However, if we include its core staking, which does not require locking and therefore is not counted in the TVL, Cardano’s share will grow to 12%.

Cardano’s DApp activity remains low compared to other smart contract platforms. In Q4, it averaged just 14,300 daily DApp transactions—well outside the top 25 and a fraction of Solana’s 22 million. Even more concerning is its 73% decline from Q4 2023, when Cardano recorded 52,700 daily transactions. Such a sharp drop signals a troubling trend for a blockchain that is still in its growth phase.

Cardano DApp transactions, Q4 2024. Source: Messari

Is ADA’s potential enough to justify a US government investment?

The case for ADA in the strategic crypto reserve is far less clear than for Ethereum and Solana, which are leading blockchains in many different categories. Cardano’s low activity, limited adoption, and weak staking incentives raise serious doubts about ADA’s suitability for a government-managed asset pool.

On the other hand, ADA’s capped supply and Cardano’s focus on decentralization give it a unique edge over competitors. They could lead to greater adoption and relevance in the long run.

Furthermore, projects like those by Atrium Lab are exploring Cardano’s native compatibility with Bitcoin through the eUTXO system, which could potentially unlock a new framework for DeFi on Bitcoin and drive activity to Cardano.

Could this possibility be enough to justify ADA’s place in the digital asset stockpile?

As David Nage, the portfolio manager of the venture capital firm Arca, put it, 

“Like the rest of crypto, the Cardano ecosystem needs to find and support developers to create products and applications that millions of people enjoy and depend on. Then, they need brilliant storytellers to solidify the narrative behind it to build mass, sustainable audiences. After all that, putting ADA into a US national reserve begins to make more sense, in my opinion. It can be done.”

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.