@venturevillagewall · Post #3703 · 24/12/2024, 02:37 PTG
Fed's Role in Bitcoin Reserve Plans Discussions arise on the establishment of a Bitcoin Strategic Reserve (BSR) if Trump decides to act quickly. The U.S. Treasury could use the Exchange Stabilization Fund to purchase Bitcoin via an executive order. Long-term stability requires congressional legislation to include Bitcoin in the Strategic Reserve Act. Both steps are Treasury-led, firmly placing the Federal Reserve outside of this decision-making process. In another noteworthy development, blockchain project Trrue has secured a $10 million investment commitment from GEM Digital, despite GEM's background of fraudulent activity, raising concerns over transparency in reporting. Read more: Wu Blockchain News | CoinDesk | Wu Blockchain News #Fed#Bitcoin#BSR#UStreasury#ExecutiveOrder#Trrue#Investment#GEMDigital#Fraud#Blockchain#Transparency#Congress#ReserveAct#Crypto#Finance#News#Regulation#Market#Tokens#Ecosystem#Institution