SLCW on Nostr: But it's illegal. The Executive Branch doesn't have the authority to establish such a ...
But it's illegal. The Executive Branch doesn't have the authority to establish such a fund. That's completely within the wheelhouse of Congress. I don't see how cheering an unlawful and practically absurd bitcoin fund is a good look for people who care about Bitcoin. And I don't think it's a good idea to be celebrated that the government is going to be in a position to manipulate the bitcoin market by virtue of their large holdings. I guess it raises Bitcoin's prominence, but that's the extent of the positive aspects of this boondoggle.
Published at
2025-03-07 09:48:07Event JSON
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