Bicoin Greenlights Greenlights Bitcoin Bill Strategic Bill in the BTC Trump Reserve Order
- President Trump has signed an executive order that creates an American Bitcoin Reserve that will retain the encoded currency that was seized from illegal activities instead of selling it.
- The government will not buy Bitcoin immediately, but it will explore the methods of gaining the neutral budget, with Michael Sailor suggesting a possible goal of one million Bitcoin.
- Texas is submitting its strategic reserve initiative after the Senate in the state approved the SB-21 bill in a vote 25-5 on March 6, which will then move to the House of Representatives.
- Despite the positive news about the government bitcoin reserves, the cryptocurrency market showed a limited reaction with bitcoin trading less than 88,000 USD and suffers from continuous fluctuations.
The US federal government overcame the states in the race to the Bitcoin Reserve. Crypto Czar David Sacks go to Twitter to announce this US President Donald Trump has just signed an executive orderAnd that will keep the BTC to which the United States seized as part of illegal activities.
They will not buy more immediately, but they will look at “neutral budget” ways to get more OG currency in the reserve, with the strategic Saylor suggestion that they can add a million Bitcoin.
Related to: It’s time to go everything on encryption? Financial analysts weigh Trump’s turbulent disorder
There will also be coding stock, including many altcoins.
Texas house to vote on the following draft law
Meanwhile, Texas is moving towards a similar goal, as the Senate in Texas recently acknowledged the SB-21 strategic reserve bill through 25-5 votes on March 6. Although there was some debate in the discussion before the vote, the result was “yes” was overwhelming.
The draft law now will move to the second chamber, which is the House of Representatives in Texas for more attention before the ruler must sign it.
“He hopes to make Texas the center of America’s digital future,” said Dan Patrick in a letter.
However, some countries have rejected similar bills, among them Montana, north and south of Dakota, as well as Wyoming.
Utah also, along with approval, is currently the draft law titled “Blockchain and digital innovation modifications”, which passes a second reading in the Senate.
Many other countries are in different stages of Bitcoin and Crypto Reserve Bills.
Jp Morgan Anxiety has been expressed recently The encryption reserves exceeded “it will be difficult to include smaller symbols outside Bitcoin and Ethereum”, mainly due to “risks and volatility.”
In addition, central banks in Switzerland and Poland She rejected the ideas of coding reserves.
Related to: Solana’s co -founder of Trump’s national encryption plan doubts the risks of decentralization
Although it remains to see whether they will change their opinion, adoption tends to progress slowly and is unlikely to lead to extensive immediate investments in all countries.
The market ignores the bullish reserve news
However, good news from Washington, DC about the American reserve, must make investors happy. However, despite this, Bitcoin is still trading less than $ 88,000 (139.3 thousand USD), a decrease of 2.5 % over the past 24 hours.
At the time of writing this report, BTC is trading $ 8,7,286 ($ 138,297), and continues to dance with fluctuation.
Like BTC, MSTR, Bitcoin’s contract agent, may also rush.
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