US House Committee to Vote on Strategic Bitcoin Reserve Bill on 16th

The US House Financial Services Committee will review the Strategic Bitcoin Reserve Act (H.R. 8957) on September 16. The bill calls for establishing a strategic Bitcoin (BTC) reserve within the Treasury Department and prohibits selling or exchanging the asset for at least 20 years.

Senate Republicans released a final version of the Clarifying Act, which includes 126 substantive changes to Democratic demands but faces opposition from banks, Democrats, state attorneys general, and developers. CryptoSlate and AP News reported on related debates over ethics clauses and stablecoin compensation limits.

Following President Donald Trump's comments suggesting an end to US-Iran conflict, Bitcoin rose to $79,000 while oil prices fell. Cointelegraph noted Bitcoin approaching the $80,000 level after Trump's remarks, with oil prices dropping as Saudi Arabia suspended operations on its East-West pipeline due to drone attacks.

Saudi Energy Ministry announced the temporary shutdown of the East-West pipeline for safety checks and damage assessment following a drone attack on August 11. AP News reported potential reductions in Saudi oil supply to markets.

The US Treasury's Office of Foreign Assets Control (OFAC) sanctioned networks supporting Iran's financial movement, including Russian state bank VTB, which was linked to an Iranian bank employee coordinating currency exchanges with VTB.

India's Securities and Exchange Board of India (SEBI) launched a pilot program for tokenized corporate bonds targeting institutional investors under its 'Demat 2.0' initiative. REC issued 500 crores to 18 institutions, L&T issued 500 crores to four institutions, and IIFL issued 25 crores to one institution.

WLFI shares held by entities linked to President Trump are subject to a 10% burn condition and a sale restriction until 2028. CoinDesk reported that approximately $800 million in WLFI equity has been moved under vesting agreements, with remaining holdings potentially sellable after 2028.

Crossover Markets claimed processing over $2 billion in transactions through BitGo's Go Network, according to Crypto Briefing. Details on transaction periods, client composition, and official confirmation from BitGo remain undisclosed.

Robinhood CEO Vlad Tenev announced plans to introduce underlying stock redemption and voting rights for stock tokens. Currently, Robinhood classifies stock tokens as tokenized debt securities without legal or financial rights or voting privileges.

An Ethereum (ETH) transfer of 29,425 units worth $73.8 million moved from an unconfirmed wallet to Coinbase Institutional on September 14, according to Whale Alert. The purpose and market impact remain unknown.