Senate Banking Sub -Committee President of Digital Assets Senator Cynthia Lummis today Bitcoin $81,701.23 presented the law. Reflecting the size and scope of the gold reserves of the United States, the accumulation of significant size is aimed.
Bitcoin Reserve Law
According to the law, the safe to be managed by the US Treasury Ministry Bitcoin crates These assets will be stored in cold wallets with high level of security. The reserve will be used to protect the US financial security and the leading position in the global economy.
“Today, I am proud to re -present the legislation of President Trump, the turning point that will embody the bold vision of the United States of the United States strategic Bitcoin reserves and to strengthen the economic basis of our nation for future generations.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
Bitcoin is not only a technological opportunity, but a national necessity for America to maintain its financial leadership in the 21st century. By transforming the visionary action of the President into a permanent law, we can enable our nation to benefit from all the potential of digital innovation to address our national debt while maintaining our competitive advantage in the global economy. Together we not only adapt to the future, but actively shape it, write the next section of the American proud financial innovation history and secure permanent welfare for all our citizens. ”
The government will accumulate 1 million BTC for 5 years. BTCs will not be sold for at least 20 years. Bitcoins in the hands of federal institutions will be transferred to the Strategic Bitcoin Reserve. Bitcoins seized by the state or received as a donation will also be transferred to this reserve.
The program will be financed by diversifying the funds of the Federal Reserve System. Gold certificates will be updated and the difference will be transferred to the Treasury. Federal reserve’s excess revenues will be used for Bitcoin purchases. However TrumpWhat he explained last week was different from here, Trump is only linked to the seized crime income BTC‘s will keep in stock. It is great if lummis can find support, but for now, this bill doesn’t make sense.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
