In a recent Unchained Podcast episode, Democratic Representative Ro Khanna voiced his support for the U.S. government to hold Bitcoin as a strategic reserve asset. This marks a significant shift for Democrats in the cryptocurrency space.
Key Highlights:
๐น Holding Seized Bitcoin: Khanna argues that instead of selling seized Bitcoins from illicit activities, the U.S. should hold them to enhance the Federal Reserveโs reserves.
๐น Bitcoinโs Strategic Value: Khanna emphasizes Bitcoinโs potential for appreciation and suggests it could outperform gold due to being cheaper to store and less affected by foreign inflation.
๐น Bipartisan Support: Khanna believes this is a bipartisan issue, with Bitcoin helping the U.S. maintain its financial leadership.
๐น Keynote Appearance: Khanna will keynote a Bitcoin conference in Nashville, alongside prominent figures like Donald Trump and Vivek Ramaswamy.
๐น Regulatory Reforms: Co-sponsoring the FIT 21 bill, Khanna is working to balance CFTC and SEC oversight, gaining support from over 70 Democrats. His goal is to reshape his partyโs approach toward a more positive stance on decentralization and innovation.
This could be a pivotal moment in the crypto conversation for Democrats and the future of Bitcoin in the U.S.
