menu
techminis

A naukri.com initiative

google-web-stories
source image

Bitcoinist

1M

read

349

img
dot

Image Credit: Bitcoinist

US Bitcoin Reserve Legislation Gains Bipartisan Support With Democrat’s Endorsement

  • US lawmakers from both sides of the political spectrum are rallying around a proposal to create a strategic Bitcoin reserve for the US.
  • Senator Cynthia Lummis introduced legislation to use existing federal funds to purchase one million BTC, positioning the United States as the largest nation-state holder of the cryptocurrency.
  • Support for a strategic Bitcoin reserve is crossing party lines, with Democrat Representative Ro Khanna endorsing the idea.
  • Khanna argues that Bitcoin held by the US government from confiscations should be retained as a strategic reserve, allowing the US to benefit from its value over time.

Read Full Article

like

20 Likes

For uninterrupted reading, download the app