Wyoming proposes bill for Strategic Bitcoin Reserve
Wyoming has become the latest US state to propose a bill for a Strategic Bitcoin Reserve, just days before Donald Trump’s US presidential inauguration. Go to Source
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Wyoming has become the latest US state to propose a bill for a Strategic Bitcoin Reserve, just days before Donald Trump’s US presidential inauguration. Go to Source
This week, Senator Cynthia Lummis raised concerns about the U.S. Marshals Service’s management of seized bitcoin, calling for transparency and questioning the decision to liquidate nearly 70,000 BTC, worth billions. Government Bitcoin Sale Questioned by Wyoming Senator In a letter addressed to U.S. Marshals Service Director Ronald Davis, Senator Cynthia Lummis scrutinized the agency’s track … Read more
Fed’s Barr once said the Federal Reserve would “likely view it as unsafe and unsound for banks to directly own crypto-assets on their balance sheets.” Go to Source
U.S. Senator Cynthia Lummis recently reinforced the intention of extending faculties to the Federal Reserve to purchase and own bitcoin as part of its reserve assets. Lummis stated that the U.S. debt can be repaid through a bitcoin strategic bitcoin reserve, as proposed in her BITCOIN Act. US Senator Cynthia Lummis Proposes Allowing the Federal … Read more
A U.S. senator has proposed selling gold reserves to create a strategic bitcoin reserve, a revolutionary move to bolster the dollar and tackle U.S. national debt. Selling Gold for Bitcoin: US Senator’s Game-Changing Proposal U.S. Senator Cynthia Lummis (R-WY) shared insights during a Thursday interview with CNBC as bitcoin reached a historic peak. She attributed … Read more
Avik Roy, the president of a nonprofit think tank, said Senator Cynthia Lummis’ idea that Bitcoin could eliminate federal debt is an “overselling” of what Bitcoin can do. Go to Source
The House and Senate Republicans claimed the SEC evaded the notice and comment rulemaking process required by the Administrative Procedure Act by issuing SAB 121. Go to Source
Economist and gold advocate Peter Schiff argues that bitcoin exchange-traded funds (ETFs) contradict the core principles of the cryptocurrency by undermining decentralization and peer-to-peer transactions. He criticizes recent buyers of bitcoin for focusing solely on profit, suggesting this behavior indicates an impending collapse. Schiff also slammed Senator Cynthia Lummis’ bill proposing a U.S. bitcoin reserve, … Read more
U.S. senators received over 2,200 letters within 48 hours advocating for Senator Cynthia Lummis’ bill to make bitcoin a strategic reserve. The bill proposes the U.S. government acquire a significant bitcoin reserve to bolster the U.S. dollar and pay down national debt, aiming to position the U.S. as a global leader in financial innovation. Senators … Read more
A proposed decentralized network of secure Bitcoin vaults with robust cybersecurity measures aims to minimize digital asset storage risks like theft and hacking. Go to Source