Bitcoin recognizes as a reserve asset: The United States intends to recognize Bitcoin as a reserve asset, potentially reclassifying about 200,000 Bitcoins without new laws. This could occur through an executive order, reflecting a significant shift in financial policy.
Senator proposes substantial Bitcoin reserves: Senator Cynthia Lummis has introduced legislation to accumulate one million Bitcoins as a reserve within five years. This initiative aims to bolster the U.S. Dollar and enhance financial stability amidst ongoing economic challenges.
States move toward Bitcoin reserves: States like Texas are exploring strategic Bitcoin reserves. Proposed bills could enable treasury reserves, marking a growing acceptance and acknowledgment of Bitcoin in U.S. State financial strategies.
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