PANews reported on November 15 that according to Jinshi, an ally of US President-elect Trump in the US Senate has developed a plan to fill Trump's proposed strategic Bitcoin inventory without increasing the government deficit, that is, to sell some of the Federal Reserve's gold. Wyoming Republican Senator Cynthia Lummis plans to promote a bill when the new Congress takes office next year. The bill requires the United States to purchase 1 million bitcoins, accounting for nearly 5% of the outstanding tokens. At current market prices, the acquisition will cost about $90 billion, but if the bill is passed and investors act before the government purchases, the amount required for the acquisition may increase.
Trump ally proposes selling some of the Fed’s gold to buy Bitcoin
- 2024-11-15
Italy’s Intesa Sanpaolo Bank Expands Crypto Trading Desk to Include Spot Trading
- 2024-11-15
A wallet hoarded about $15.57 million worth of PEPE in the past 9 hours
- 2024-11-15
QCP Capital: The crypto market still maintains extremely high leverage levels, especially the altcoin market
- 2024-11-15
OKX Connect already supports Cosmos and Sei networks
- 2024-11-15
Yesterday, the US spot Bitcoin ETF trading volume exceeded US$5 billion
- 2024-11-15
A whale spent $2.24 million to increase its PEPE holdings 9 hours ago. The current value of its PEPE holdings is $11.71 million.