The newly reintroduced Boosting Innovation, Know-how, and Competitiveness by means of Optimized Funding Nationwide (BITCOIN) Act of 2025 by Senator Cynthia Lummis would permit america to probably maintain over 1 million Bitcoin (BTC) in its crypto reserves.
The invoice directs the federal government to purchase 200,000 BTC yearly over 5 years, to be paid for with current funds throughout the Federal Reserve and the Treasury Division.
If signed into legislation, the act would permit the US to carry greater than 1 million BTC so long as the property are acquired by means of lawful means aside from direct purchases, together with felony or civil forfeitures, items, or transfers from federal businesses.
Democratic lawmaker urges Treasury to stop Trump’s Bitcoin reserve plans
US Consultant Gerald Connolly, a Democrat from Michigan, referred to as on the Treasury to stop its efforts to create a crypto reserve in america. The lawmaker mentioned there have been conflicts of curiosity with US President Donald Trump and argued that the reserve wouldn’t profit Individuals.
Connolly criticized the reserve in a letter addressed to Treasury Secretary Scott Bessent, arguing that there’s no “discernible profit” to Individuals and that the transfer would as a substitute make Trump and his donors richer.
Argentine lawyer requests Interpol crimson discover for LIBRA creator: Report
Argentine lawyer Gregorio Dalbon is looking for an Interpol Crimson Discover for Hayden Davis, the co-creator of the LIBRA token, which precipitated a political scandal in Argentina.
Dalbon submitted a request, looking for the Crimson Discover, to prosecutor Eduardo Taiano and decide María Servini, who’re investigating the involvement of President Javier Milei within the memecoin venture.
In a submitting, the lawyer mentioned there’s a procedural threat if Davis stays free. The lawyer argued that Davis may have entry to funds that may permit him to enter hiding or flee to the US.
America should again pro-stablecoin legal guidelines, reject CBDCs — US Rep. Emmer
In a Home Monetary Companies Committee listening to, US Consultant Tom Emmer mentioned that central financial institution digital currencies (CBDCs) threaten American values. The lawmaker referred to as on Congress to go his CBDC Anti-Surveillance State Act to dam future administrations from launching a CBDC with out congressional approval.
Emmer mentioned on the listening to that CBDC expertise is “inherently un-American,” including that permitting unelected bureaucrats to situation a CBDC may “upend the American lifestyle.”
Texas lawmaker seeks to cap state’s proposed BTC purchases at $250 million
Ron Reynolds, a Democratic state consultant in Texas, has proposed a cap for the state’s funding in Bitcoin or different cryptocurrencies.
The lawmaker proposed in a invoice that the state’s comptroller shouldn’t be allowed to speculate greater than $250 million in crypto. The invoice additionally directs Texas municipalities or counties to not make investments greater than $10 million in crypto.
The proposed invoice follows the Texas Senate’s approval of laws establishing a strategic Bitcoin reserve within the state.
