PANews reported on October 21st that YZi Labs led a $25.5 million strategic funding round in Sign, with participation from IDG Capital. Sign CEO Xin Yan stated that Sign is committed to building digital infrastructure and plans to use the funds to expand its technical team. The funds will also be used to expand various partnerships aimed at advancing sovereign blockchain infrastructure.
In January of this year, Sign secured $16 million in funding from YZi Labs. Sign has raised a total of over $55 million across three funding rounds: seed, Series A, and strategic.

Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more


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