One of the most visible advancements in the use of Bitcoin in public finances has been in the state of Florida, as a bill to establish a Strategic Bitcoin Reserve has been tabled by the legislative body, which would look to invest a potential 10% of its strategic assets in
The controversy has been whether the U.S. government is breaking its own rule by selling Bitcoin that was supposed to be kept as part of the national Bitcoin reserve. They already passed Executive Order 14233 that if the government seized the Bitcoin, then it should not be sold. In November
Pakistan is emerging in the international arena of the digital asset industry due to the pace of developments in regulating and using cryptos in the country. One of the leading figures in the industry, Changpeng Zhao, ex-Binance CEO, has observed that if the pace being adopted in the industry is
According to crypto entrepreneur Mike Alfred, the U.S. will hold off on buying Bitcoin to add to its strategic reserve until foreign competitors decide to go ahead with their purchases. Alfred is of the opinion that American officials will be compelled by foreign pressure to take the initiative in the
Senator Cynthia Lummis has declared that the funding of the Strategic Bitcoin Reserve in America may start now as the cryptocurrency keeps gaining momentum. The Lummis attributed the advancement of the initiative to President Trump due to recent policy formulations and executive orders. Recently, Bitcoin has reached a historic milestone
Trump Media and Technology is moving forward with its Bitcoin treasury plans. As per the latest reports, the US SEC has made the firm’s Bitcoin treasury-related S-3 registration effective from Friday. Following the SEC’s official approval, the firm has filed a final prospectus with the SEC. For its Bitcoin treasury
Brad Lander, the New York City Comptroller, attacked the recent proposal of Eric Adams to issue municipal bonds supported by Bitcoin, alerting that doing so will come with a financial risk and take away investor confidence. On May 29, Lander issued a statement in which he mentioned that he would
Pakistan makes headlines in the crypto verse by hinting at its intentions to lead the crypto adoption race. The nation announced recently that it will establish a national Bitcoin strategic reserve. It is a complete opposite move as the nation previously opposed digital assets. Pakistan’s Huge Investments to Support Crypto
In a landmark move for state-level cryptocurrency adoption, the Texas House of Representatives on Tuesday advanced Senate Bill 21, aimed at establishing a state-managed Bitcoin reserve. The bill passed its second reading with a strong 105-23 vote, gaining bipartisan backing and edging closer to becoming law. The proposed legislation Texas
As global interest in cryptocurrency adoption grows, Ukraine is taking a bold step toward integrating digital assets into its national financial strategy. The Eastern European nation is reportedly drafting legislation to establish a national strategic Bitcoin reserve, with the support of Binance, one of the world’s leading crypto exchanges. A
