Why is this important
This is the first step towards the official recognition of Bitcoin as a strategic asset. The idea is to finance purchases in a way that doesn’t affect taxpayers’ money. If the law is passed, the US will become the largest player in the BTC market.
What happened
- In March, Senator Cynthia Lummis introduced the BITCOIN Act;
- The goal is to create a reserve of 1 million BTC ($116 billion at the current exchange rate);
- They discuss how to pay for it: through tariffs or by revaluing gold in the treasury;
- The meeting is attended by heads of crypto companies, mining firms, and banks.
What they say
We want Bitcoin reserves to be created without new taxes and expenses for people, — Digital Chambers.
Context
Trump has already signed a decree to launch Bitcoin Reserve. In the summer, Congress passed the stablecoin law, now the focus shifts to BTC.
