The Texas House passed Senate Bill 21 (SB 21) on Wednesday to create a state-managed bitcoin reserve, advancing it to Governor Greg Abbott’s desk for final approval or veto within 20 days. Cryptocurrency in State Hands: Texas Legislature Passes Bitcoin Reserve Bill The bill, titled the Texas Strategic Bitcoin Reserve and Investment Act, aims to […] Source link
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Australia’s government has no plans to establish a strategic crypto reserve
Australia’s government is not currently considering a strategic crypto reserve, despite US President Donald Trump announcing the effort in the United States just days earlier. US President Donald Trump announced on March 2 that the President’s Working Group on Digital Assets was directed to include XRP (XRP), Solana (SOL), Cardano (ADA), Bitcoin (BTC) and Ether (ETH) in the crypto strategic reserve. A swathe of other US states are also considering adding crypto to their balance sheets. However, it is understood the current ruling party has no plans to establish a…
Read MoreSteve Hanke Is Wrong About the Strategic Bitcoin Reserve
Steve Hanke is wrong about something Bitcoin related once again. He’s recently taken aim at the idea of the U.S. creating a Strategic Bitcoin Reserve (SBR). In the video embedded in the X post below, Hanke claimed that converting government savings into bitcoin would be a “drag on the economy” because those savings wouldn’t be invested in “real capital assets that produce things.”He even doubled down, saying bitcoin doesn’t build factories, create jobs, or drive innovation. A US BITCOIN STRATEGIC RESERVE = A STUPID IDEA. Savings funneled into Bitcoin aren't…
Read MoreBitget Announces Strategic Collaboration With SunPump on Growth of Tron Meme Ecosystem
PRESS RELEASE. Bitget, the leading cryptocurrency exchange and Web3 company, has announced a strategic collaboration with SunPump, the premier memecoin fair launch and trading platform on the TRON network. This partnership signifies a monumental stride in the development and expansion of TRON’s burgeoning memecoin ecosystem, unlocking a plethora of opportunities for groundbreaking projects and community-centric […] Source link
Read MoreDonald Trump Pledges Strategic Bitcoin Reserve at Bitcoin Conference in Nashville
Speaking at the Bitcoin 2024 conference in Nashville on Saturday, former President Donald Trump made several pledges to the Bitcoin community if elected in 2024. Most notably, Trump said he would create a strategic national reserve of Bitcoin as an economic asset. “I pledge to the Bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris’ anti-crypto crusade will be over,” “The United States will be the crypto capital of the planet and the Bitcoin superpower of the world.” Trump vowed to fire SEC Chairman…
Read MoreHong Kong Lawmaker Advocates for Bitcoin Inclusion in Strategic Fiscal Reserves
Hong Kong legislator Wu Jiezhuang has proposed an initiative to consider the inclusion of Bitcoin in the region’s strategic fiscal reserves. This move, aimed at enhancing Hong Kong’s economic framework and accelerating Web3 development, underscores the growing global recognition of Bitcoin as ‘digital gold’. Wu’s proposal, which comes in response to Donald Trump’s speech at […] Source link
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