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BitcoinCoalitionCA / Bitcoin Coalition of Canada
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2024-11-06 17:08:14

BitcoinCoalitionCA on Nostr: Given that the incoming U.S. President, Vice President and Republican-led House and ...

Given that the incoming U.S. President, Vice President and Republican-led House and Senate are all aligned on implementation of a #Bitcoin Strategic Reserve for the U.S., it is imperative that the Government of Canada act fast in developing Canada’s #BTC Strategic Reserve plan.

This is not hypothetical. Legislation to establish a U.S. Bitcoin Strategic Reserve has already been tabled in Congress by Senator Cynthia Lummis (R - Wyoming) and will likely be fast-tracked in the next session of Congress, pending re-draft and/or amendments.

LINK: https://www.lummis.senate.gov/press-releases/lummis-introduces-strategic-bitcoin-reserve-legislation

The lead of the United States in establishing a Bitcoin Strategic Reserve for the U.S., following the lead of #ElSalbador, will set in motion a race among countries globally to ensure a national store of #BTC, much like countries have historically stored reserves of gold. Canada must not get left behind.

The Canadian Government and all political parties must accelerate development of Canada’s #Bitcoin Strategic Reserve plan and supportive federal policy that will make Canada one of the best countries for adoption and use of Bitcoin.

For more reading and insight on the importance of a Bitcoin Strategic Reserve, please see this excellent research report developed in the U.S. by our colleagues at Bitcoin Policy Institute / @btcpolicyorg (RSS Feed) (npub1978…8wxa) a multi-disciplinary U.S. research and policy institute.

LINK: https://www.btcpolicy.org/articles/digital-gold-evaluating-a-strategic-bitcoin-reserve-for-the-united-states

#press #cdnpoli #cdnecon
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