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President Trump Signs Executive Order To ‘Evaluate’ Strategic Bitcoin and Crypto Reserve, Ban Central Bank Digital Currency, Boost Stablecoins

President Trump Signs Executive Order To ‘Evaluate’ Strategic Bitcoin and Crypto Reserve, Ban Central Bank Digital Currency, Boost Stablecoins

President Trump just signed an executive order to evaluate the creation of a strategic national Bitcoin and crypto stockpile, as well as prevent the development of a Central Bank Digital Currency (CBDC) while boosting stablecoin adoption. The order, entitled “Strengthening American Leadership in Digital Financial Technology,” states the administration supports the “responsible growth” and use […]

The post President Trump Signs Executive Order To ‘Evaluate’ Strategic Bitcoin and Crypto Reserve, Ban Central Bank Digital Currency, Boost Stablecoins appeared first on The Daily Hodl.

Bitcoin Struggles Below $97K as Trading Volume Declines

Texas kicks off 89th legislative session with new strategic Bitcoin reserve bill

If passed and signed into law, “it would make Texas the first state to establish a strategic Bitcoin reserve,” says Senator Charles Schwertner.

Texas state Senator Charles Schwertner has introduced a bill in the new legislative session to establish a strategic Bitcoin reserve in the Lone Star State. 

“It’s time for Texas to lead the way in establishing a Strategic Bitcoin Reserve,” the Republican politician and physician said while announcing the Senate Bill (SB 778) on X on Jan. 16. 

“If passed and signed into law, [it] would make Texas the first state in the nation to establish a Strategic Bitcoin Reserve,” he said before adding, “This would position our state at the forefront of the digital economy, driving growth and securing economic freedom for our great state.”

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Bitcoin Struggles Below $97K as Trading Volume Declines

Trump’s inauguration nears, but crypto promises could ‘take some time’ — NYDIG

Donald Trump’s inauguration is just a week away, but key crypto legislation may take a bit longer to come into effect, cautioned NYDIG.

Donald Trump’s inauguration is just days away and the US president-elect has promised to overhaul crypto regulations, but the New York Digital Investment Group says that could be a way off.

NYDIG global head of research Greg Cipolaro said in a Jan. 10 research note that it “would caution on expecting immediate changes” to crypto policy, even with Trump taking office on Jan. 20.

Cipolaro said that while the inauguration is renewing hopes for the incoming administration to execute many of its campaign promises, “many can happen quickly, but some may take some time.”

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Bitcoin Struggles Below $97K as Trading Volume Declines

Strategic Bitcoin Reserve Speculation Grows: Initiatives Allegedly Greenlit by Four Nations

Strategic Bitcoin Reserve Speculation Grows: Initiatives Allegedly Greenlit by Four NationsDavid Bailey, CEO of BTC Inc. and advisor to President-elect Trump’s campaign, has revealed that four undisclosed nations have agreed to establish strategic bitcoin reserve initiatives, hinting at the future organization of a Bitcoin G7. Strategic Bitcoin Reserve Initiatives Allegedly Approved by Four Nations The rise of bitcoin’s concept as a strategic international reserve asset […]

Bitcoin Struggles Below $97K as Trading Volume Declines

US Bitcoin Reserve Proposal Draws Mixed Reactions on Social Media 

US Bitcoin Reserve Proposal Draws Mixed Reactions on Social Media As chatter grows around the idea of a U.S.-led bitcoin strategic reserve, the topic has ignited lively debate. Some enthusiasts view it as an inevitable move toward global bitcoin adoption by nation-states, while others decry the notion as a betrayal of the cryptocurrency’s core philosophy. Contrasting Opinions Surface on the U.S. Adopting a Bitcoin Reserve […]

Bitcoin Struggles Below $97K as Trading Volume Declines

2,200 letters of support for ‘Bitcoin Strategic Reserve’ bill sent to US senators

Senator Cynthia Lummis introduced the bill on July 31, which would direct the US government to start a reserve Bitcoin fund.

Over 2,200 letters were sent to United States senators in 48 hours urging them to co-sponsor and support Senator Cynthia Lummis’s newly proposed Strategic Bitcoin Reserve bill.

In a post on X, Lummis expressed gratitude for the support given to the Strategic Bitcoin Reserve bill.

In an Aug. 3 X post, Dennis Porter, founder of the Satoshi Action Fund, said that Democratic Party senators received 1,333 letters, Republican Party senators received 850, and Independents received 41. This bipartisan outreach demonstrates that interest in Bitcoin (BTC) and its potential strategic value crosses political and ideological lines.

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Bitcoin Struggles Below $97K as Trading Volume Declines

Binance Executive Discusses Impact of US Government Potentially Holding Bitcoin as Strategic Reserve

Binance Executive Discusses Impact of US Government Potentially Holding Bitcoin as Strategic ReserveBinance’s head of VIP & Institutional views the U.S. discussion on a national bitcoin reserve as a positive sign for the crypto market. The executive notes the growing recognition of bitcoin by politicians and industry leaders, anticipating greater regulatory clarity. She stressed the importance of politicians and industry leaders explicitly acknowledging bitcoin’s value in the […]

Bitcoin Struggles Below $97K as Trading Volume Declines