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Ro Khanna Advocates for Bitcoin as U.S. Strategic Asset
2024-07-31 19:55:08
Politics
Finance

Ro Khanna Advocates for Bitcoin as U.S. Strategic Asset

Congressman Ro Khanna and Scott Melker promote Bitcoin as a strategic reserve asset due to its global acceptance and human rights advantages. Stablecoins' influence on the U.S. economy and international transactions is underscored, with Khanna emphasizing their role in fortifying the dollar as a reserve currency.

The evolving Democratic Party stance on Bitcoin and its potential under future leadership is explored. Rep. Khanna also champions Bitcoin's bipartisan potential while critiquing political exploitation by figures like Donald Trump.

U.S. Senator Cynthia Lummis proposes a national 'Bitcoin Strategic Reserve,' prompting speculation on the government's 200,000 BTC holdings and acquisition plans amid the transition of administrations.

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Trump's Potential Endorsement of Bitcoin as Strategic Reserve ... Asset

Speculation arises as Trump's Bitcoin Conference keynote hints at endorsing bitcoin for U.S. strategic reserve, with experts predicting global adoption and price surge. U.S. Senator Lummis proposes funding a Strategic Bitcoin Reserve by revaluing Fed's gold, supported by former President Trump's endorsement. A Bitcoin Purchase Program, overseen by Treasury secretary, aims to acquire 1 million BTC over 5 years, stored in secure decentralized facilities. The proposal highlights bitcoin's political significance for the 2024 election and potential government efforts to utilize cryptocurrency assets strategically.

Bitcoin 2024 Conference: Trump, RFK Jr, and the Cult of Bitcoin

The Bitcoin 2024 conference held in Nashville became a circus-like event, with thousands of attendees, including former President Donald Trump and RFK Jr. The conference marked a shift in bitcoiners' previously apolitical stance, as they now align themselves with Trump and view themselves as under attack by elites. Trump's speech emphasized his support for bitcoin and promised to fire Gary Gensler, the chair of the Securities and Exchange Commission. While critics argue that bitcoin is volatile and used for criminal activities, bitcoiners see it as a way to liberate people from centralized government power and wealth inequality. The conference also highlighted the political power plays surrounding bitcoin, with rumors of Elon Musk attending and Edward Snowden warning against trusting vote-seeking politicians. Overall, the conference showcased the excitement and confidence of bitcoiners, who see themselves as preparing for a war and believe they will emerge victorious.

Read 1 more recent news on this topic

The press radar on this topic:

The Street
31. August 2024 um 23:05

Congressman Ro Khanna on using Bitcoin as a U.S. strategic reserve asset

Finance
Politics
Economy
Technology
Bitcoin's potential as a U.S. strategic reserve asset is discussed by Scott Melker and Rep. Ro Khanna. Trump and Khanna endorse holding bitcoin, citing its global adoption and human rights benefits. Stablecoins' impact on the U.S. economy, dollar support, and global transactions are emphasized. Khanna highlights stablecoins enabling international dollar transactions, bolstering the dollar's reserve currency status. Discussion also touches on Democratic Party's evolving stance on bitcoin and in..
The Street
29. August 2024 um 19:04

Democrat Ro Khanna champions bitcoin’s bipartisan future

Politics
Finance
Technology
Cryptocurrencies & blockchain
Rep. Khanna attributes some of the divisiveness around bitcoin to political exploitation, notably by figures like Donald Trump. However, he remains optimistic about bitcoin's bipartisan future, championing its role in transforming the global financial system and the need for the U.S. to lead in this innovation.
CoinDesk
31. Juli 2024 um 19:04

The Protocol: Bitcoin Gets Political as U.S. Government Ponders Airdrops

Politics
Technology
Cryptocurrencies & blockchain
U.S. Senator Cynthia Lummis calls for a national "Bitcoin Strategic Reserve"; the government's existing 200,000 BTC holdings and plans to acquire more are unclear, with theories emerging that the Biden administration is rushing to "dump" the Silk Road-related bitcoin stash before the Trump administration takes control.
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