As President-elect Donald Trump prepares to take office in 2025, the cryptocurrency market hoped that a strategic Bitcoin (CRYPTO: BTC) reserve would take wings and eventually be implemented.
Recent developments evoke optimism, with Trump reportedly planning an executive order to create a national stockpile. He also promised to “do something great with crypto,” when queried about a strategic reserve consisting of the leading cryptocurrency.
However, speculation over the shape and structure of the prospective reserve has been increasing. The Federal Reserve stated last week that it was not permitted to acquire Bitcoin and was not looking for a law change.
Some experts Benzinga spoke with believed the most likely way to regulate and hold Bitcoin would be to use the law proposed by Sen. Cynthia Lummis (R-Wy.).
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Cynthia Lummis’ Proposal The Most Ideal?
Todd Ruoff, CEO of decentralized physical infrastructure firm Autonomys, said, “Senator Cynthia Lummis’ proposal outlines a deliberate plan for expanding this stockpile over time, but its final shape will depend on political dynamics and economic …
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