The US Federal Reserve Board stated on Monday that it is eliminating “reputational risk” as a supervisory tool for banks. The move could potentially open the digital doors for crypto companies that have faced challenges dealing with banks. Reputational risk was often cited as justification for banks to avoid crypto-related businesses. The US House Committee…
U.S. Senator Cynthia Lummis has stated that American military generals are “big supporters” of a strategic Bitcoin reserve. The Wyoming lawmaker made the remarks earlier this week while addressing attendees at the Bitcoin 2025 conference in Las Vegas. Economic Power and Security According to Lummis, she has spoken to generals who understand that economic power…
Bitcoin Magazine What is a Strategic Bitcoin Reserve? A Strategic Bitcoin Reserve is a designated accumulation of Bitcoin (BTC) held by a government, institution, or corporation to secure financial stability, hedge against inflation, and reinforce economic sovereignty. Similar in function to gold or foreign exchange reserves, it leverages Bitcoin’s fixed supply, decentralization, and global liquidity…
Bitcoin Magazine Arizona Becomes Second State to Establish Strategic Bitcoin Reserve Arizona has made history by becoming the second state in the U.S. to create a Strategic Bitcoin Reserve. On Thursday, Governor Katie Hobbs signed House Bill 2749 into law, officially launching the Arizona Bitcoin & Digital Assets Reserve, a pioneering move that channels profits…
Bitcoin Magazine UK Treasury Secretary Says No To National Bitcoin Reserve Speaking at the Financial Times Digital Asset Summit in London on Tuesday, Emma Reynolds, Economic Secretary to the Treasury, emphasized that while the UK aims to become a crypto hub, it will take a different approach from both the U.S. and EU in regulating…
On Jan. 21, Donald Trump Junior announced the purchases to “commemorate the inauguration of Donald J. Trump as the 47th President of the United States.” The family’s World Liberty Finance DeFi platform has made several “strategic purchases,” including $47 million worth of wrapped Bitcoin (wBTC) and $47 million worth of Ethereum. There were also $4.7…
Steve Hanke is wrong about something Bitcoin related once again. He’s recently taken aim at the idea of the U.S. creating a Strategic Bitcoin Reserve (SBR). In the video embedded in the X post below, Hanke claimed that converting government savings into bitcoin would be a “drag on the economy” because those savings wouldn’t be…
Republican State Representative Giovanni Capriglione has officially filed to create a strategic Bitcoin (BTC) reserve for Texas. According to him, the bill is meant to enhance fiscal stability while solidifying the state’s leadership in digital innovation. The Proposed Legislation Capriglione announced the proposed Texas Strategic Bitcoin Reserve Act (H.B. No. 1598) during an X Spaces…
GLENDALE, Ariz. — The Chargers placed defensive back Deane Leonard on injured reserve on Monday afternoon, one of a number of moves designed to bolster their health in the secondary before facing the Arizona Cardinals. Leonard, who also plays a key role on special teams, has a hamstring injury. Leonard must sit out four games,…
