No Bullshit Bitcoin on Nostr: David Sacks, House and Senate leaders say Bitcoin Reserve, market structure bill, and ...
David Sacks, House and Senate leaders say Bitcoin Reserve, market structure bill, and stablecoin legislation are a priority
Sacks highlighted that maintaining innovation within the country is essential for the U.S. to remain a global leader in financial technology. To support this goal, he announced the formation of a joint working group between the House and Senate focused on cryptocurrency legislation.
Speaking of Bitcoin, he said that its one of the administration's priorities:
"We're in the initial phases currently. One of our priorities will be to assess the feasibility of establishing a Bitcoin Reserve," Sacks said, adding that the sovereign wealth fund recently announced by President Trump is a separate matter.
Sen. Bill Hagerty also introduced a stablecoin bill titled "The Genius Act". Sen. Tim Scott aims to prioritize passing it through Congress before addressing a broader 'crypto' market bill, intending to have both bills ready for the President within the administration’s first 100 days.
Sacks highlighted that maintaining innovation within the country is essential for the U.S. to remain a global leader in financial technology. To support this goal, he announced the formation of a joint working group between the House and Senate focused on cryptocurrency legislation.
Speaking of Bitcoin, he said that its one of the administration's priorities:
"We're in the initial phases currently. One of our priorities will be to assess the feasibility of establishing a Bitcoin Reserve," Sacks said, adding that the sovereign wealth fund recently announced by President Trump is a separate matter.
Sen. Bill Hagerty also introduced a stablecoin bill titled "The Genius Act". Sen. Tim Scott aims to prioritize passing it through Congress before addressing a broader 'crypto' market bill, intending to have both bills ready for the President within the administration’s first 100 days.