4E: White House adviser proposes federal crypto repository, SharpLink launches $1.50 billion buyback

On September 10th, according to 4E observation, the new White House cryptocurrency advisor Patrick Witt said that the establishment of a federal cryptocurrency reserve will be one of its top priorities. After he took over from his predecessor Bo Hines, he has identified three priorities: to push the Senate to speed up market structure legislation; to urge the implementation of the US Stablecoin Guidance and National Innovation Act (GENIUS Act) as soon as possible; and to promote the establishment of a federal cryptocurrency reserve. Witt stressed that there will be no "break" in the advancement of US cryptocurrency policy, and the pace of cross-agency collaboration and legislation will remain high.
At the corporate level, SharpLink Gaming announced the launch of a $1.50 billion share repurchase program and has repurchased about 1 million shares of SBET. The company said that the current share price is seriously undervalued and the repurchase is expected to bring compound growth to shareholders. SharpLink disclosed that the company holds $3.60 billion Ethereum (ETH) on its books, almost all of which has been pledged and has no debt burden.
In terms of government-business intertwining, Trump's second son Eric Trump was removed from the ALT5 Sigma board due to Nasdaq rules, retaining only observer status. World Liberty Financial COO and co-founder Zak Folkman will be added to the board. According to sources, stablecoin issuer Figure plans to expand the size of its IPO, increasing its shares to 31.50 million shares, and raising the issuance range to $20-22.
4E reminds investors that policy advancement, corporate repurchase, and IPO expansion have all released positive signals, but there are still variables in the regulatory rhythm and market expectations. Investors are advised to pay attention to the legislative and institutional trends in the United States, and do a good job in position and cycle management.