#USBitcoinReserves Currently, in the United States, the creation of a Strategic Bitcoin Reserve is being considered. President Donald Trump has shown interest in establishing a national Bitcoin reserve to strengthen the country's position in the global cryptocurrency market. The proposed bill by Senator Cynthia Lummis suggests that the Department of the Treasury acquire one million Bitcoins over a period of five years, with an annual purchase of 200,000 Bitcoins. These assets would be held for at least 20 years, unless used to reduce federal debt.
Furthermore, sixteen states are considering active legislation to invest public funds in digital assets, and three more may join this initiative. Some states have already made progress in legislation that would allow them to allocate public funds to cryptocurrencies, including the creation of strategic Bitcoin reserves or investing retirement funds in these assets.
However, the feasibility of establishing a national Bitcoin reserve is still being studied by administration officials. David Sacks, the White House cryptocurrency director, has indicated that the team is assessing the feasibility of a Bitcoin reserve, but no specific plans have been announced regarding this.
In summary, both at the federal and state levels, the United States is actively exploring the possibility of incorporating Bitcoin and other digital assets into its strategic reserves and public investment portfolios.