The token was quoted at $0.371 after briefly breaking above $0.38 at 6:05 a.m. ET Monday.
The company now holds 6,028,946 ETH, representing 4.9% of Ethereum’s supply, and needs about 100,000 more ETH to reach its goal.
The former acting chair said existing law may cover digital assets without new legislation and outlined separate roles for stablecoins and tokenized deposits.
Hyperliquid Strategies posted the steepest decline at 4.55%, while Robinhood Markets fell 1.25%, the smallest drop among the decliners.
Micron Technology fell more than 2% as U.S. stock indexes opened mixed Monday.
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