CryptoMediaClub
Wednesday, June 25, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Rep. Nick Begich Introduces Companion Laws to Sen. Cynthia Lummis’ BITCOIN Act

12.03.2025
A A
0
120
VIEWS
ShareShare

Key Takeaways:

  • The companion invoice seeks to formalize Bitcoin as a strategic, lengthy‑time period reserve asset within the nationwide monetary framework.
  • Lawmakers look to bolster financial independence by integrating digital property into authorities holdings.
  • The proposal mandates safe, decentralized storage and enshrines everlasting, not short-term, asset administration.
  • It additionally emphasizes defending particular person self‑custody rights whereas driving innovation in fiscal coverage.

Congressman Nick Begich (R-AK) launched companion laws to Senator Cynthia Lummis’ BITCOIN Act within the U.S. Home of Representatives on Tuesday, March 11, on the Bitcoin Coverage Institute’s Bitcoin For America discussion board.

Cynthia Lummis, Nick Begich Re-introduce BITCOIN Act

Talking on the March 11 occasion, Begich stated that he would introduce same-day laws that will see the USA develop a strategic bitcoin reserve.

Right this moment, I launched the BITCOIN Act of 2025 within the U.S. Home.
The battle on innovation is over and the golden age of digital foreign money has arrived. pic.twitter.com/5GvbP0nH4y

— Congressman Nick Begich (@RepNickBegich) March 11, 2025

Representatives Addison McDowell (R-NC), Pat Harrigan (R-NC), Michael Rulli (R-OH), Troy Nehls (R-TX), Dave Taylor (R-OH), and Mike Collins (R-GA) are co-sponsoring the invoice.

“This legislative initiative goals to make sure the USA maintains monetary independence and management within the international digital financial system,” Begich stated.

“This invoice acknowledges bitcoin’s potential to enrich our gold reserves, fortify nationwide safety, and supply financial stability in an more and more risky monetary world,” he added.

What Does The BITCOIN Act Entail?

Begich’s announcement comes the identical day that Lummis unveiled she would reintroduce the BITCOIN Act after her preliminary proposal in July 2024.

If handed, the invoice would set up a program to buy 1 million Bitcoin models—representing 5% of the full Bitcoin provide—create a decentralized community of safe Bitcoin vaults for presidency holdings, and affirm the self-custody rights of personal Bitcoin holders.

Senators Marsha Blackburn (R-TN), Bernie Moreno (R-OH), Roger Marshall (R-KS), Jim Justice (R-WV), and Tommy Tuberville (R-AL) have signed on as co-sponsors for the Senate model of the laws.

“Bitcoin shouldn’t be merely a technological alternative, however a nationwide crucial for America’s continued monetary management within the twenty first century,” Lummis stated in a press release.

“Collectively, we’re not simply adapting to the long run—we’re actively shaping it, writing the following chapter in America’s proud historical past of economic innovation and securing lasting prosperity for all our residents,” she added.

As lawmakers like Begich and Lummis push for the combination of Bitcoin into America’s monetary framework, essential questions emerge: How will such an unprecedented reserve have an effect on international monetary dynamics, and can different nations observe swimsuit?

The BITCOIN Act indicators a serious shift—not solely in how the U.S. views digital property but in addition the way it approaches financial sovereignty in an period outlined by technological innovation.

Solely time will inform if this transfer cements America’s place within the evolving digital financial system or units the stage for intense debate about authorities’s function in cryptocurrency.

Often Requested Questions (FAQs)

How would possibly a Bitcoin reserve improve the nation’s monetary posture?

Integrating Bitcoin into nationwide reserves goals to diversify authorities property and supply an inflation hedge, reinforcing fiscal stability whereas considerably enhancing the greenback’s international standing.

What dangers does the proposed reserve introduce for asset administration?

Dangers middle on Bitcoin’s volatility and shifting insurance policies that will undermine lengthy‑time period reserve methods. Strong asset administration would require strict oversight and adaptable rules to counter market strikes.

How does this laws differ from prior govt measures on digital property?

In contrast to previous govt orders, the invoice creates a everlasting authorized construction for Bitcoin acquisition and storage. It enshrines lengthy‑time period holding with decentralized vaults, marking a shift from short-term measures.

The publish Rep. Nick Begich Introduces Companion Laws to Sen. Cynthia Lummis’ BITCOIN Act appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

Animoca Brand’s Moca Network Unveils Identity-Focused Moca Chain
All news

Animoca Brand’s Moca Network Unveils Identity-Focused Moca Chain

25.06.2025
0

Moca Foundation, the community-owned foundation behind Moca Network, is launching Moca Chain, a Layer-1 blockchain for identity and user data.Moca...

Read moreDetails
BIS Frames Tokenization as Foundation of Next-Generation Financial System

BIS Frames Tokenization as Foundation of Next-Generation Financial System

25.06.2025
Why Is Crypto Down Today? – June 25, 2025

Why Is Crypto Down Today? – June 25, 2025

25.06.2025
Mastercard Opens Direct Access to Crypto Purchases on DEXs

Mastercard Opens Direct Access to Crypto Purchases on DEXs

25.06.2025
US-Listed Chinese Tech Firm Aurora Mobile Announces Crypto Reserve Strategy

US-Listed Chinese Tech Firm Aurora Mobile Announces Crypto Reserve Strategy

25.06.2025
Load More
Next Post
Whales accumulate 65,000 Bitcoin as market uncertainty grows

Whales accumulate 65,000 Bitcoin as market uncertainty grows

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Bitcoin and Ethereum inflows surge past $1.2B despite rising geopolitical risks

Bitcoin and Ethereum inflows surge past $1.2B despite rising geopolitical risks

2 days ago
Hashing It Out podcast: What does the future hold for BNB Chain?

Hashing It Out podcast: What does the future hold for BNB Chain?

2 years ago
Pudgy Penguins Partners with Walmart, Reviving NFT Enthusiasm

Pudgy Penguins Partners with Walmart, Reviving NFT Enthusiasm

2 years ago
XRP Slumps 2.5%; Yet Adds 1200 Accounts In a Day

XRP Slumps 2.5%; Yet Adds 1200 Accounts In a Day

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Mastercard Opens Direct Access to Crypto Purchases on DEXs

US-Listed Chinese Tech Firm Aurora Mobile Announces Crypto Reserve Strategy

Peter Thiel’s Founders Fund Backs $200M Raise for Polymarket at $1B Valuation

Eight South Korean Banks Join to Establish Won-Backed Stablecoin, Plans Two Key Models

ChatGPT Picks The Top 3 Coins To Take Positions in Before End of June 2025

Crypto Price Prediction Today 24 June – SHIB, TON, PEPE

Trending

Animoca Brand’s Moca Network Unveils Identity-Focused Moca Chain
All news

Animoca Brand’s Moca Network Unveils Identity-Focused Moca Chain

25.06.2025
0

Moca Foundation, the community-owned foundation behind Moca Network, is launching Moca Chain, a Layer-1 blockchain for identity...

BIS Frames Tokenization as Foundation of Next-Generation Financial System

BIS Frames Tokenization as Foundation of Next-Generation Financial System

25.06.2025
Why Is Crypto Down Today? – June 25, 2025

Why Is Crypto Down Today? – June 25, 2025

25.06.2025
Mastercard Opens Direct Access to Crypto Purchases on DEXs

Mastercard Opens Direct Access to Crypto Purchases on DEXs

25.06.2025
US-Listed Chinese Tech Firm Aurora Mobile Announces Crypto Reserve Strategy

US-Listed Chinese Tech Firm Aurora Mobile Announces Crypto Reserve Strategy

25.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz