The recently reintroduced Boosting Innovation, Technology, and Competitiveness done Optimized Investment Nationwide (BITCOIN) Act of 2025 by Senator Cynthia Lummis would let the United States to perchance clasp implicit 1 cardinal Bitcoin (BTC) successful its crypto reserves.
The measure directs the authorities to bargain 200,000 BTC annually implicit 5 years, to beryllium paid for with existing funds wrong the Federal Reserve and the Treasury Department.
If signed into law, the enactment would let the US to clasp much than 1 cardinal BTC arsenic agelong arsenic the assets are acquired done lawful means different than nonstop purchases, including transgression oregon civilian forfeitures, gifts, oregon transfers from national agencies.
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Democratic lawmaker urges Treasury to cease Trump’s Bitcoin reserve plans
US Representative Gerald Connolly, a Democrat from Michigan, called connected the Treasury to cease its efforts to make a crypto reserve successful the United States. The lawmaker said determination were conflicts of involvement with US President Donald Trump and argued that the reserve would not payment Americans.
Connolly criticized the reserve successful a missive addressed to Treasury Secretary Scott Bessent, arguing that there’s nary “discernible benefit” to Americans and that the determination would alternatively marque Trump and his donors richer.
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Argentine lawyer requests Interpol reddish announcement for LIBRA creator: Report
Argentine lawyer Gregorio Dalbon is seeking an Interpol Red Notice for Hayden Davis, the co-creator of the LIBRA token, which caused a governmental ungraded successful Argentina.
Dalbon submitted a request, seeking the Red Notice, to authoritative Eduardo Taiano and justice María Servini, who are investigating the engagement of President Javier Milei successful the memecoin project.
In a filing, the lawyer said there’s a procedural hazard if Davis remains free. The lawyer argued that Davis could person entree to funds that mightiness let him to spell into hiding oregon fly to the US.
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America indispensable backmost pro-stablecoin laws, cull CBDCs — US Rep. Emmer
In a House Financial Services Committee hearing, US Representative Tom Emmer said that cardinal slope integer currencies (CBDCs) endanger American values. The lawmaker called connected Congress to walk his CBDC Anti-Surveillance State Act to artifact aboriginal administrations from launching a CBDC without legislature approval.
Emmer said astatine the proceeding that CBDC exertion is “inherently un-American,” adding that allowing unelected bureaucrats to contented a CBDC could “upend the American mode of life.”
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Texas lawmaker seeks to headdress state’s projected BTC purchases astatine $250 million
Ron Reynolds, a Democratic authorities typical successful Texas, has projected a headdress for the state’s concern successful Bitcoin oregon different cryptocurrencies.
The lawmaker projected successful a measure that the state’s comptroller should not beryllium allowed to put much than $250 cardinal successful crypto. The measure besides directs Texas municipalities oregon counties to not put much than $10 cardinal successful crypto.
The projected measure follows the Texas Senate’s support of authorities establishing a strategical Bitcoin reserve successful the state.
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