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    You are at:Home»Tech»Crypto & Blockchain»New BITCOIN Act would allow US reserve to exceed 1M: Law Decoded
    Crypto & Blockchain

    New BITCOIN Act would allow US reserve to exceed 1M: Law Decoded

    newsworldaiBy newsworldaiMarch 17, 2025No Comments3 Mins Read1 Views
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    New BITCOIN Act would allow US reserve to exceed 1M: Law Decoded
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    By re -promoting innovation, technology and competitiveness through the Optimized Investment National Wide (Bitcoin) Act of 2025 through Senator Cynthia Lumius, the United States will allow the United States to have more than 1 million bitcoin in its crypto reserves (BTC).

    https://www.tiqets.com/en/new-york-new-york-hotel-casino-tickets-l235895/?partner=travelpayouts.com&tq_campaign=bc55a31e7f434e4ab93246c49-615741

    The bill directs the government to buy 200,000 BTC annually in five years, pay with existing funds within the Federal Reserve and the Treasury Department.

    If the law is signed, this Act will allow the United States to hold more than 1 million BTCs unless the assets are obtained directly through legal sources, including criminal or urban seizures, gifts, or transfer from federal agencies.

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    Democratic lawmaker urges Trump’s Bitcoin Reserve Plans from Treasury to end

    US Representative Gerald Conoli, a Democrat from Michigan, called on Treasury to stop his efforts to make a crypto reserve in the United States. The lawmaker said that US President Donald Trump has a conflict of interest and argued that the reserve would not benefit Americans.

    Konoli criticized the reserve in a address to the Treasury Secretary Scott Basant, and argued that the Americans had no “understandable benefit” and that the move would make Trump and his donors rich.

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    Argentina’s lawyer requested Interpol Red Notice for Labra Creator: Report

    Argentina’s lawyer Gregorio Dalbin Labra is looking for Interpol Red Notice for Hayden Davis, co -creator of Labra token, causing a political scandal in Argentina.

    Dalbin presented a petition, in the acquisition of a Red Notice, to Prosecutor Edward Tiano and Judge Maria Survien, who is investigating President Jeveer Miley’s involvement in the Memon Quinn project.

    In filing, the lawyer said that if Davis is free, there is a risk of a procedure. The lawyer argued that Davis could have access to funds, which allows him to hide or flee to the United States.

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    America is mandatory

    At the House Financial Services Committee hearing, US Representative Tom Emer said the Central Bank Digital Currency (CBDC) threatened US values. The lawmaker called on the Congress to approve its CBDC Anti -Surveillance State Act so that the future could prevent the administration from launching the CBDC without the approval of the Congress.

    Emer said at the hearing that CBDC technology “is naturally non -American”, adding that allowing non -elected bureaucrats to issue CBDC “can improve American lifestyle.”

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    Texas legislator tried to make the state’s proposed BTC purchase in Million 250 million

    Ron Rynolds, a Democratic State representative in Texas, has proposed a hat for the state’s investment in Bitcoin or other crypto currencies.

    The lawmaker suggested in a bill that the controller of the state should not be allowed to invest more than 250 million millions in Crypto. The bill also instructs Texas municipalities or counties not to invest in more than 10 million millions in Crypto.

    The proposed bill follows the establishment of a strategic bitcoin reserve in the state after the Texas Senate legislation was approved in the state.

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