Articles for tag: Bitcoin reserve, cryptocurrency policy, Donald Trump, economic strategy, Federal Reserve, financial volatility, Lawrence Summers

Understanding the Mechanics of a Federal Bitcoin Reserve and Its Impact on the Cryptocurrency Landscape

Former U.S. Treasury Secretary Lawrence Summers criticized the idea of a national Bitcoin reserve, calling it “crazy.” This response comes amidst discussions surrounding President-elect Donald Trump’s proposal to build a crypto-friendly administration, including plans to stockpile Bitcoin as a national asset. Proponents, like Senator Cynthia Lummis, suggest a strategic reserve of Bitcoin could help reduce ...