Trump May Be Considering SOL, XRP, and USDC Alongside Bitcoin for an ‘America First’ Strategic Reserve

January 17, 2025 Bitcoin.com

Prices of SOL and XRP jumped when the New York Post published the rumor on Thursday. SOL, XRP, and USDC Might Join Bitcoin in a Newly Conceived Strategic Crypto Reserve Donald Trump is not a Bitcoin maximalist, he just rubs elbows with them. So what happens when – as first reported by the New York […]

XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Senator Lummis probes US federal law enforcement about Bitcoin sale

January 16, 2025 Coin Telegraph

Bitcoin

“Democrats legacy: A loss of more than $18.5 billion in unrealized value for American taxpayers,” the senator wrote on social media.

Wyoming Senator Cynthia Lummis sent a letter to the United States Marshals Service on Jan. 15 demanding answers for the government’s potential sale of 69,370 Bitcoin (BTC) seized in the Silk Road asset forfeiture.

Lummis characterized attempts to sell the US government’s Bitcoin holdings as a form of political spite. In an excerpt of the letter provided by Politico, the senator wrote:

The potential sale of the Silk Road BTC was given the green light after Judge Richard Seeborg denied a petition to block the asset forfeiture.

XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Bitcoin strategic reserve bill introduced in Oklahoma

January 15, 2025 Coin Telegraph

Bitcoin

“This bill is about protecting the hard-earned money of Oklahoma’s citizens,” Representative Cody Maynard said upon introducing the act.

A new bill to establish Bitcoin as a strategic reserve asset was introduced to the Oklahoma House of Representatives on Jan. 15 by state Representative Cody Maynard.

House Bill 1203, known as the Strategic Bitcoin Reserve Act, would allow Oklahoma’s pension funds and state savings accounts to allocate a portion of their assets to Bitcoin (BTC) as a hedge against inflation.

Rep. Maynard said, “Bitcoin represents freedom from bureaucrats printing away our purchasing power.” The state representative continued:

XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Chile Quiere Bitcoin: Legislators Rally Around Strategic Bitcoin Reserve Proposal

January 5, 2025 Bitcoin.com

Bitcoin strategic reserve

Legislators in Chile are preparing to support the creation of a bitcoin bench in Congress to lead the regulatory charge in the Latin American nation. The goal is to introduce a strategic bitcoin reserve proposal later this year. Chile to Consider Strategic Bitcoin Reserve Proposal This Year Chile, a country not particularly known for its […]

XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Casa unveils ‘Praetorian’ self-custody service for nation-states

December 11, 2024 Coin Telegraph

Bitcoin

Bitcoin policy advocate Dennis Porter recently said he expects states to establish Bitcoin reserves before the federal government.

As talk of a potential Bitcoin (BTC) strategic reserve grows and sovereign states weigh adopting BTC as a reserve asset, crypto custody company Casa recently announced a self-custody option for nation-states called Praetorian.

The new service will provide sovereign powers with security through Casa’s multisignature crypto vaults. Each vault is located in a different jurisdiction and uses strong encryption standards for security. The service also allows for delegation between administrative personnel. Nick Neuman, co-founder and CEO of Casa, wrote:

According to Casa, security and self-autonomy are maintained regardless if Casa remains operational as a company, and funds will remain safe in the event the company ceases to exist.

XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Former New York Fed President Says Strategic Bitcoin Reserve Would Drive Up Inflation and Government Debt

December 8, 2024 The Daily Hodl

Bitcoin

A former Fed president is warning that the proposed Bitcoin (BTC) strategic reserve concept won’t yield any positive benefits for the American people. Bill Dudley, former president of the Federal Reserve Bank of New York and ex-vice chair of the Federal Open Market Committee (FOMC), says in a new opinion piece on Bloomberg that the […]

The post Former New York Fed President Says Strategic Bitcoin Reserve Would Drive Up Inflation and Government Debt appeared first on The Daily Hodl.

XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Bitcoin Price Shatters $100,000 As Top Crypto Asset Explodes on Wall Street, Bursts Into Washington, D.C.

December 5, 2024 The Daily Hodl

Bitcoin

Bitcoin has now surpassed $100,000 as Wall Street sinks its teeth into the top digital asset. The price of BTC has jumped to a high of $101,349 at time of publishing, up 5.5% in the last 24 hours. BTC’s historic push above six-figures comes after this year’s explosive launch of Bitcoin ETFs and last month’s […]

The post Bitcoin Price Shatters $100,000 As Top Crypto Asset Explodes on Wall Street, Bursts Into Washington, D.C. appeared first on The Daily Hodl.

XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Industry execs seek positions on Trump’s crypto advisory council

November 22, 2024 Coin Telegraph

Bitcoin

President-elect Trump promised the establishment of a strategic Bitcoin ‘stockpile’ during the Bitcoin 2024 event in Nashville Tennessee.

Industry executives are reportedly seeking a seat at President-elect Donald Trump’s highly-anticipated crypto advisory council, which will be responsible for crafting regulatory policy and expected to establish a Bitcoin (BTC) strategic reserve.

According to a Reuters report, Coinbase, Ripple Labs, and venture capital firm a16z are among some of the firms looking to join the council. The council may be nestled under the White House’s National Economic Council, but this is not certain, and the council may operate as a separate, standalone entity.

Speaking at the North American Blockchain Summit on Nov. 21, Bitcoin advocate and co-founder of the Satoshi Action Fund Dennis Porter explained the importance of establishing a Bitcoin strategic reserve in the United States:

XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Senator Lummis says Treasury should convert gold for Bitcoin reserve

November 17, 2024 Coin Telegraph

Bitcoin

The United States government has the highest gold reserves in the world, with over 8,000 tons of the precious metal on its balance sheet.

Wyoming Senator Cynthia Lummis is advocating for the United States Treasury Department to convert a portion of its gold holdings into Bitcoin (BTC) to establish a Bitcoin strategic reserve.

Lummis told Bloomberg that by converting gold certificates held by the US Treasury into Bitcoin, the immediate effect on the US government's balance sheet would remain "neutral," as opposed to spending approximately $90 billion to purchase the Bitcoin at current market prices.

The US Senator previously argued that the US Treasury should convert a portion of its assets to purchase Bitcoin for the strategic reserve, but never specified which of the Treasury's holdings should be sold to acquire more of the digital currency.

XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

‘There is a global race underway for Bitcoin’ — Anthony Pompliano

November 16, 2024 Coin Telegraph

Bitcoin

The election of a pro-crypto President in the United States and growing macroeconomic turmoil will continue to drive investors to Bitcoin.

Asset manager and investor Anthony Pompliano recently stated that the global Bitcoin (BTC) arms race between sovereign nations and governments has already started.

In an appearance on Yahoo Finance, Pompliano argued that market participants believe President-elect Trump will keep his campaign promises and establish a Bitcoin strategic reserve, and that doing so would be in the best interest of the United States to prevent being "Front-run by other countries." Pompliano asserted:

The pro-Bitcoin asset manager explained that the race to adopt Bitcoin is primarily driven by currency devaluation and noted that US residents lost approximately 25% of their purchasing power over the last five years.

Bitcoin strategic reserve

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