Trump Rings Crypto Bell

This discussion followed President-elect Donald Trump's opening bell at the New York Stock Exchange (NYSE), where he called for US action on cryptocurrencies.

Trump told Jim Cramer, “We are going to do something great with crypto because we don’t want China, or anybody else, to be ahead,” emphasizing the seriousness of the issue.

Like Trump, Senator Lummis said on X (previously Twitter), “I’m ready to help you make this a reality.” Lummis has long supported Bitcoin, comparing the present situation to the “Space Race” and arguing that America must prevail.

Many Bitcoin advocates agree with her that a strategic reserve is needed to combat the US's decades-long economic collapse.

However, this Bitcoin reserve drive has been contested. Some in the Bitcoin business believe the objective is good but the technique is wrong.

While the US government has confiscated over $1 billion in Bitcoin, the emphasis appears to be on establishing a strategic reserve rather than improving rules to avoid aggressive asset seizures.

An unidentified business leader said, “We’re missing the mark by a mile. Instead than looting, shouldn't we preserve our rights?

Lummis Bitcoin Bill Gains Bipartisan Support

Lummis sponsored a measure in July to buy 1 million BTC using government cash. The measure has bipartisan support, including from Democratic Congressman Ro Khanna, who wants the US to keep its stolen Bitcoin as a strategic reserve asset.

Bitcoin adoption by nation-states might cause a digital gold rush, reducing actual gold ownership. US authorities may use Bitcoin to fight China and Russia's shift away from the currency and toward precious metals.

Cardano Founder Hoskinson Reveals 2025 Plans
The US Bitcoin strategic reserve's future is unknown, but it shows a desire to embrace technological innovation. Many Americans see it as a forward-thinking government.

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