Senator Cynthia Lummis is set to meet with industry leaders on March 11 in Washington, D.C., to discuss a potential U.S. Bitcoin reserve initiative. The CEO of Bitwise, Hunter Horsley, confirmed this during a recent CNBC interview, emphasizing that the idea of a Bitcoin reserve is very much in consideration. He highlighted the increasingly supportive ...
The U.S. financial services sector is undergoing significant changes under a new administration, especially in cryptocurrency. While Donald Trump and Melania have launched their own meme coins, their value is questioned and they often lack the utility that serious cryptocurrencies like Bitcoin, Ethereum, and Solana provide. The current administration’s commitment to making the U.S. a ...
The Texas Senate plans to hold a public hearing on February 18 to discuss creating a Bitcoin reserve, a move that analysts say may not have a significant impact unless there’s a clear investment plan announced. While this hearing is seen as a step towards Bitcoin’s recognition in institutional finance, experts warn it could be ...
The United States is considering adopting a Bitcoin reserve as individual states increasingly embrace cryptocurrency. Matthew Sigel, Chief of Digital Assets Research at VanEck, emphasizes that this strategy could enhance U.S. economic dominance by positioning it as a leader in innovation and technology. Sigel believes that a Bitcoin reserve would not only act as a ...
On February 6, Utah’s House of Representatives passed House Bill 230, known as the “Strategic Bitcoin Reserve” bill, with a close vote. This bill, which allows the state treasurer to invest up to 5% of certain public funds in qualifying digital assets, is now headed to the Senate and then to the governor’s desk for ...
Coinbase CEO Brian Armstrong recently announced that traditional finance institutions are set to increase their investments in cryptocurrency. Speaking on social media after attending the World Economic Forum in Switzerland, he noted that major players like banks and asset managers are eager to expand their crypto portfolios and build on blockchain technologies. Armstrong highlighted that ...
President Donald Trump recently signed a significant executive order regarding cryptocurrency, creating a Presidential Working Group focused on digital asset markets. This initiative aims to remove barriers to crypto innovation and explore the establishment of a national Bitcoin reserve. While the order does not directly create a reserve, it emphasizes the potential use of confiscated ...
Senator Cynthia Lummis is preparing to announce an important update regarding a strategic Bitcoin reserve plan today at 10 a.m. This initiative aims to help combat inflation by proposing that the U.S. Treasury purchase 1 million Bitcoins over five years, with a commitment to hold them for at least 20 years. The proposed BITCOIN Act, ...
Donald Trump’s proposal for the U.S. to establish a strategic Bitcoin reserve has sparked debate among economists and crypto enthusiasts. While Senator Cynthia Lummis introduced the BITCOIN Act of 2024 to acquire one million Bitcoins, many question the value of such a reserve, as Bitcoin’s utility remains largely speculative. Critics argue that Bitcoin should not ...
Coinbase CEO Brian Armstrong recently expressed strong support for a U.S. Bitcoin reserve, highlighting its importance in the future of global economics as cryptocurrency usage expands. He believes that the U.S. should consider Bitcoin as a strategic asset. Betting markets show increasing confidence in this idea, with predictions suggesting a 63% chance of its implementation ...
