Financial nuclear bomb is coming! The U.S. Congress's shocking proposal, is Bitcoin to become the 'digital gold reserve'?
Wu said a major piece of news, the U.S. House of Representatives suddenly threw out a heavyweight proposal—submitting H.R. 5166! This is not an ordinary bill; it directly targets Bitcoin and the digital asset sector, requiring the Treasury Secretary to urgently assess the feasibility of establishing a strategic Bitcoin reserve and a U.S. digital asset reserve. Could it be that Bitcoin is really going to be included in the 'national team' and become the 'digital gold' of the United States?
According to the bill's requirements, the Treasury must submit a super detailed report to Congress within 90 days after it takes effect. This includes everything from analysis of potential obstacles to the impact assessment on the Treasury's funds and the government's balance sheet, down to specific custody methods for Bitcoin and digital assets, even inter-agency transfers and security mechanisms, covering every detail, just short of turning Bitcoin's 'assets' upside down.
Imagine, if a strategic Bitcoin reserve is really established, then Bitcoin's status will be completely different! It is no longer just a 'digital toy' in the hands of geeks and investors, but will become part of the national strategic assets, influencing the country's financial layout like gold reserves. The signals released behind this are too strong; the U.S. seems to be planning a big move in the cryptocurrency field, consolidating its voice in the global financial market by controlling Bitcoin and other digital assets.
For the global cryptocurrency market, this is undoubtedly a deep-water bomb. Will the price of Bitcoin welcome a new round of skyrocketing as a result? How will other countries respond to this potential game-changing move by the United States? Will they follow suit or seek alternative paths?
Whether you are a die-hard cryptocurrency fan or one of the onlookers paying attention to international financial situations, this 'Bitcoin storm' initiated by the U.S. Congress is worth you taking a seat and continuing to watch!
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