by aria-crypto.com
March 15, 2025 at 09:01
US Authority Tightens Grip on Crypto with New Strategic Reserves and Legislation
United States authorities are taking significant strides in integrating cryptocurrencies into national strategic reserves, signaling a stronger regulatory and legal framework surrounding digital assets. Recently, TJ Stone was charged with wire fraud by US authorities, underscoring the heightened scrutiny within the crypto sector. In parallel, US Representative Byron Donalds announced plans to introduce legislation to codify President Trump's executive order establishing a Strategic Bitcoin Reserve (SBR) aimed at protecting the cryptocurrency from future administrative changes. This proposed bill mandates congressional approval for any modifications to the reserve, which includes a substantial stockpile of Bitcoin funded by assets seized through criminal and civil forfeiture.
Moreover, the "Bitcoin Act on 2025" was introduced to further cement the reserve akin to the United States' gold reserves. Criticism and support for these moves have divided lawmakers, with some viewing it as a significant step towards financial independence and leadership in the global digital economy, while others question the fiscal prudence of such measures. As these legislative efforts unfold, the role of cryptocurrencies in US economic strategy is poised to become a pivotal issue in the coming years, potentially reshaping how digital assets are perceived and managed on a national scale.
Alex Thorn, the head of research at Galaxy Digital, anticipates that the US government will acquire Bitcoin (BTC) to enhance the Strategic Bitcoin Reserve (SBR) this year. In a recent Bloomberg Crypto intervie...
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