🎤“Bo Heinz,” the White House 🇺🇲 advisor on cryptocurrency matters, announced that the United States is engaged in a global race to accumulate Bitcoin and aims to lead as the upcoming superpower in the world.
✨In an interview with Bitcoin Magazine, “Heinz” described Bitcoin as “digital gold,” emphasizing that the administration is working to build a strategic reserve of it using budget-neutral acquisition strategies, focusing on speed and scalability.
✨“Heinz” pointed out that Bitcoin, due to its scarcity and decentralized technology, has a unique status that justifies swift action to avoid being outpaced by other countries, asserting that the government already possesses a national stockpile of digital assets and is pushing for innovation in this sector.
✨He emphasized that the administration is not following a single path but is exploring multiple options to determine the optimal approach.
✨While discussing the administration's achievements in the first 100 days, “Heinz” pointed out the signing of a comprehensive executive order that ended the “Checkpoint 2.0” process, leading to a relaxation of regulatory constraints on digital currency companies, along with the SEC's withdrawal from legal actions.
✨He explained that the White House is working to introduce legislation to regulate stablecoins and the market structure before the August recess, with an executive report expected to be issued on this matter within 180 days.
✨Majority Leader in the Senate, “John Thune,” also announced that the vote on the “GENIUS” bill will take place before Memorial Day, after the Banking Committee approved it, in a move described as pivotal in regulating the digital currency sector.
