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GameStop's shares fell 11% following the announcement of their first Bitcoin purchase, reflecting a sell-the-news market reaction. CEO Ryan Cohen highlights Bitcoin's advantages over gold as a treasury reserve asset amidst currency devaluation concerns.
NYC Mayor Eric Adams advocates for a Bitcoin bond and calls to repeal the state's BitLicense.
The US Labor Department rescinds Biden-era guidance limiting cryptocurrency in 401(k) retirement plans, allowing more flexibility for asset managers.
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