{"id":125243,"date":"2025-03-17T19:18:17","date_gmt":"2025-03-17T19:18:17","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125243"},"modified":"2025-03-17T19:18:17","modified_gmt":"2025-03-17T19:18:17","slug":"new-bitcoin-act-would-allow-us-reserve-to-exceed-1m-law-decoded","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125243","title":{"rendered":"New BITCOIN Act would allow US reserve to exceed 1M: Law Decoded"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe newly reintroduced Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025 by Senator Cynthia Lummis would allow the United States to potentially hold over 1 million Bitcoin (BTC) in its crypto reserves.\u00a0<br \/>\nThe bill directs the government to buy 200,000 BTC annually over five years, to be paid for with existing funds within the Federal Reserve and the Treasury Department.\u00a0<br \/>\nIf signed into law, the act would allow the US to hold more than 1 million BTC as long as the assets are acquired through lawful means other than direct purchases, including criminal or civil forfeitures, gifts, or transfers from federal agencies.\u00a0<br \/>\nContinue reading<br \/>\nDemocratic lawmaker urges Treasury to cease Trump\u2019s Bitcoin reserve plans<br \/>\nUS Representative Gerald Connolly, a Democrat from Michigan, called on the Treasury to cease its efforts to create a crypto reserve in the United States. The lawmaker said there were conflicts of interest with US President Donald Trump and argued that the reserve would not benefit Americans.<br \/>\nConnolly criticized the reserve in a letter addressed to Treasury Secretary Scott Bessent, arguing that there\u2019s no \u201cdiscernible benefit\u201d to Americans and that the move would instead make Trump and his donors richer.\u00a0<br \/>\nContinue reading<br \/>\nArgentine lawyer requests Interpol red notice for LIBRA creator: Report<br \/>\nArgentine lawyer Gregorio Dalbon is seeking an Interpol Red Notice for Hayden Davis, the co-creator of the LIBRA token, which caused a political scandal in Argentina.\u00a0<br \/>\nDalbon submitted a request, seeking the Red Notice, to prosecutor Eduardo Taiano and judge Mar\u00eda Servini, who are investigating the involvement of President Javier Milei in the memecoin project.\u00a0<br \/>\nIn a filing, the lawyer said there\u2019s a procedural risk if Davis remains free. The lawyer argued that Davis could have access to funds that might allow him to go into hiding or flee to the US.\u00a0<br \/>\nContinue reading<br \/>\nAmerica must back pro-stablecoin laws, reject CBDCs \u2014 US Rep. Emmer<br \/>\nIn a House Financial Services Committee hearing, US Representative Tom Emmer said that central bank digital currencies (CBDCs) threaten American values. The lawmaker called on Congress to pass his CBDC Anti-Surveillance State Act to block future administrations from launching a CBDC without congressional approval.\u00a0<br \/>\nEmmer said at the hearing that CBDC technology is \u201cinherently un-American,\u201d adding that allowing unelected bureaucrats to issue a CBDC could \u201cupend the American way of life.\u201d<br \/>\nContinue reading<br \/>\nTexas lawmaker seeks to cap state\u2019s proposed BTC purchases at $250 million<br \/>\nRon Reynolds, a Democratic state representative in Texas, has proposed a cap for the state\u2019s investment in Bitcoin or other cryptocurrencies.\u00a0<br \/>\nThe lawmaker proposed in a bill that the state\u2019s comptroller should not be allowed to invest more than $250 million in crypto. The bill also directs Texas municipalities or counties to not invest more than $10 million in crypto.\u00a0<br \/>\nThe proposed bill follows the Texas Senate\u2019s approval of legislation establishing a strategic Bitcoin reserve in the state.<br \/>\nContinue reading<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-act-reserve-to-exceed-1-million-law-decoded?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe newly reintroduced Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025 by Senator Cynthia Lummis would allow the United States to potentially hold&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125243"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125243"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125243\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125243"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}