Artificial intelligence applies the brakes… while Bitcoin applies the gasBitcoin and the Strategic Reserve
A committee in the US House of Representatives approved the ARMA Act by a vote of 28 to 21. It includes the creation of a strategic Bitcoin reserve under the supervision of the Treasury Department, with a holding period of no less than 20 years.
It also includes a separate reserve for other digital assets, with research into ways to increase BTC holdings without imposing new taxes or increasing debt.
The CLARITY Act stalls… but the Bitcoin reserve proposal moves forward.
Crypto wins on some fronts and loses on others.
$BTC
Bernstein expects the US Securities and Exchange Commission and the US Commodity Futures Trading Commission to issue “strict and fast” regulatory rules for cryptocurrencies after the CLARITY bill failed to advance.
$XAUT
#tether
Moves strongly into gold financing
Tether lent $1.5 billion to Gold.com and is now financing almost most of the company’s gold-backed loans.
Tether already holds around 146 tons of actual gold in its reserves, valued at approximately $18.8 billion.
The USDT printer is also becoming one of the world’s largest gold financiers.
A committee in the US House of Representatives approved the ARMA Act by a vote of 28 to 21. It includes the creation of a strategic Bitcoin reserve under the supervision of the Treasury Department, with a holding period of no less than 20 years.
It also includes a separate reserve for other digital assets, with research into ways to increase BTC holdings without imposing new taxes or increasing debt.
The CLARITY Act stalls… but the Bitcoin reserve proposal moves forward.
Crypto wins on some fronts and loses on others.
$BTC
Bernstein expects the US Securities and Exchange Commission and the US Commodity Futures Trading Commission to issue “strict and fast” regulatory rules for cryptocurrencies after the CLARITY bill failed to advance.
$XAUT
#tether
Moves strongly into gold financing
Tether lent $1.5 billion to Gold.com and is now financing almost most of the company’s gold-backed loans.
Tether already holds around 146 tons of actual gold in its reserves, valued at approximately $18.8 billion.
The USDT printer is also becoming one of the world’s largest gold financiers.
