LiberLion on Nostr: Is it possible for the Fed or the U.S. Treasury to mine #Bitcoin BTC? During his ...
Is it possible for the Fed or the U.S. Treasury to mine #Bitcoin BTC?
During his presidential campaign, Trump vowed to "never sell" digital assets seized by the government and to "mine and manufacture bitcoin" in the United States. "If we don't do it, China will," warned the former president, who compared the cryptocurrency industry to the steel industry of 100 years ago and promised to fire SEC Chairman Gary Gensler, an ardent opponent of cryptocurrencies.
He also said he would pay off the U.S. debt with "crypto checks."
Bankers and large mutual funds like BlackRock are adding bitcoin to their investment offerings.
While a legal change is needed for the Fed to mine BTC, the stage is set.
Perhaps Trump's "Plan B" is to have the Treasury do BTC mining, but that would also require a change in the law.
During his presidential campaign, Trump vowed to "never sell" digital assets seized by the government and to "mine and manufacture bitcoin" in the United States. "If we don't do it, China will," warned the former president, who compared the cryptocurrency industry to the steel industry of 100 years ago and promised to fire SEC Chairman Gary Gensler, an ardent opponent of cryptocurrencies.
He also said he would pay off the U.S. debt with "crypto checks."
Bankers and large mutual funds like BlackRock are adding bitcoin to their investment offerings.
While a legal change is needed for the Fed to mine BTC, the stage is set.
Perhaps Trump's "Plan B" is to have the Treasury do BTC mining, but that would also require a change in the law.