Dec 20, 2024 · To fund the purchase, the government would revalue about $11 billion worth of gold certificates on the Federal Reserve’s balance sheets. Lummis said establishing a bitcoin reserve could help...

Nov 11, 2024 · The BITCOIN Act mandates that the government decrease the permissible amount of the surplus funds of the Federal reserve banks by about $4.4 billion, from $6,825,000,000 to $2,400,000,000.

Jul 31, 2024 · The bill directs Treasury to establish a Strategic Bitcoin Reserve for the secure storage of U.S. Bitcoins. The reserve must be a decentralized network of secure facilities across the United States. Existing U.S. Bitcoin holdings must be transferred to the reserve.

Dec 18, 2024 · Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin.

5 days ago · Austan Goolsbee, president of the Federal Reserve Bank of Chicago, on January 31, 2025 clarified the institution’s hands are tied by law. Legal Barriers to a Bitcoin Reserve Goolsbee’s emphasized that the Fed is legally limited in what it can hold on its balance sheet.

Federal Reserve Chair Jerome Powell has dismissed the idea of the Fed holding bitcoin, emphasizing legal restrictions, as U.S. crypto policies and market dynamics rapidly shift.

Dec 18, 2024 · Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the digital currency and signaled a more cautious approach to rate...

Dec 8, 2024 · Senator Cynthia Lummis introduced the BITCOIN Act of 2024, which proposes the US Treasury establish a national Bitcoin reserve by acquiring 1 million BTC over five years, with annual purchases...

Jan 31, 2025 · A bill to establish a Strategic Bitcoin Reserve and other programs to ensure the transparent management of Bitcoin holdings of the Federal Government, to offset costs utilizing certain resources of the Federal Reserve System, and for other purposes.

Dec 19, 2024 · The Federal Reserve announced a 25-basis-point rate cut at the final FOMC meeting of 2024. Fed Chair Jerome Powell stated the central bank is not permitted to hold Bitcoin. Powell’s comments triggered a sharp crypto market downturn, erasing $800 million in …