AdopsiCrypto
2,045 views
2 Discussing
Hot
Latest
See original
đBitcoin reserves may be launched by states before the federal government - Bloomberg
Senator Cynthia Lummis, who has proposed a bill for the U.S. to create Bitcoin reserves, has indicated that progress on this proposal may take longer than many cryptocurrency supporters anticipate, according to Bloomberg News.
At a conference in New York, hosted by cryptocurrency figure Anthony Pompliano on Friday, Lummis stated that states are more likely to create strategic Bitcoin reserves before the federal government. She highlighted that states are the birthplace of innovation and mentioned that other countries have already begun to take steps in this direction.
Lummis noted that the United Arab Emirates has already started buying Bitcoin. She also pointed out that various sovereign wealth funds around the world, which are not entangled in democratic republics like the U.S., could move faster.
The idea of a national strategic Bitcoin inventory was first introduced by President Donald Trump and Senator Lummis, a Republican from Wyoming, at an industry conference in Nashville in July. In January, Trump signed an executive order on cryptocurrency. This order called for a study on the feasibility of creating a digital asset storage facility, rather than declaring Bitcoin as a national reserve centerpiece.
$BTC
#AdopsiCrypto
Senator Cynthia Lummis, who has proposed a bill for the U.S. to create Bitcoin reserves, has indicated that progress on this proposal may take longer than many cryptocurrency supporters anticipate, according to Bloomberg News.
At a conference in New York, hosted by cryptocurrency figure Anthony Pompliano on Friday, Lummis stated that states are more likely to create strategic Bitcoin reserves before the federal government. She highlighted that states are the birthplace of innovation and mentioned that other countries have already begun to take steps in this direction.
Lummis noted that the United Arab Emirates has already started buying Bitcoin. She also pointed out that various sovereign wealth funds around the world, which are not entangled in democratic republics like the U.S., could move faster.
The idea of a national strategic Bitcoin inventory was first introduced by President Donald Trump and Senator Lummis, a Republican from Wyoming, at an industry conference in Nashville in July. In January, Trump signed an executive order on cryptocurrency. This order called for a study on the feasibility of creating a digital asset storage facility, rather than declaring Bitcoin as a national reserve centerpiece.
$BTC
#AdopsiCrypto
See original
US Presidential Inauguration and Its Impact on Crypto Regulation
Donald Trump's inauguration as President of the United States on January 20, 2025, brings new hope to the cryptocurrency world. Trump is known to be more crypto-friendly than his predecessor, and this has the potential to change regulations that have been considered strict.
1. New Leaders at the SEC
Trump is expected to appoint Paul Atkins, a pro-innovation regulator, as SEC chairman. Under this leadership, crypto regulation is expected to be clearer and support the growth of the industry, in contrast to the previous strict approach.
1. New Leaders at the SEC
Trump is expected to appoint Paul Atkins, a pro-innovation regulator, as SEC chairman. Under this leadership, crypto regulation is expected to be clearer and support the growth of the industry, in contrast to the previous strict approach.
Login to explore more contents