One year after former President Donald Trump signed an executive order to establish a "Strategic Bitcoin Reserve," the program remains stalled. The Treasury Department lacks congressional authorization to set up the necessary dedicated accounts, and Trump's cryptocurrency advisors have refused to approve it citing "new legal issues." Although Senator Cynthia Lummis has proposed legislation to fund a reserve of up to 1 million Bitcoins, its best route may be to include it as an amendment to the end-of-year defense bill. The executive order did not authorize the government to purchase new Bitcoins but sought ways to increase Bitcoin reserves without using taxpayer funds.

BTC-1,46%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin