Member of the longtime congress and support of the Crypto ecosystem, Tom Emmer stood out during his intervention at the Digital Asset Summit. And this because, according to him, the purchase of bitcoins by the United States will be a reality in the next 2 years.
Is the purchase of bitcoins for the American strategic reserve still possible?
Since last summer, the evocation of the famous strategic reserve of cryptocurrencies in the United States has continued to cause debates. Will it only contain bitcoin? If so, will it only contain the BTC seized, or will the United States devote part of their budget to it? Will “Made in America” altcoins be there?
According to Donald Trump, We will have to be satisfied with the bitcoins seized by the American authoritiesespecially in the case of the Silk Road affair. An announcement that disappointed more than one, most investors expecting the country of Uncle Sam investing at least a few deniers in the BTC in order to build a strategic reserve of digital gold.
And to top it all, the BTC could even be put in the same basket as cryptos like ADA, XRP or the soil.
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However, everything is not lost. Republican senator Cynthia Lummis, who initially introduced “bitcoin act” and always defended the idea of buying BTC with federal funds (especially by selling part of Fort Knox's gold), does not intend to stop there. Members of the US Congress also support the initiative, a similar text having been deposited in the House of Representatives.
In broad outline, the idea of defenders of this project would be to buy 1 million bitcoins spread over 5 years. In order to respect the choice of Donald Trump, who was not to spend a penny of taxpayers for the project, only surpluses would be used, in particular via the use of those of the Federal Reserve or the revaluation of the Golden Certificates of the American Treasury.
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According to Tom Emmer, these BTC purchases will soon be a reality
Tom Emmer is a member of the congress and vice-president of the subcommittee on digital assets in the United States. Long -standing support for the Crypto ecosystem, he notably pointed out a few years ago already by qualifying digital central bank currencies (MNBC) of surveillance tools.
He also campaigned for a “equitable” supervision of the stablecoins, especially so that Tether, the emitting the USDT transmitter, issued his stablecoin from the United States. Not having his tongue in his pocket, he stressed that ” The dry was dealing with FTX even as this company stripped investors via the oldest known financial scam in humanity ».
🗞️ North Carolina wants to invest 10 % of its public funds in Bitcoin
But if Tom Emmer interests us today, it is for his opinion on the Bitcoin Strategic Reserve. During the Digital Asset Summit, where Donald Trump said, he said that according to him, progressive Bitcoin purchases by the United States will indeed be a reality before the end of the session of the congress, or January 2027.
The decree concerning the purchase of BTC mentions that the Bitcoins acquired must be kept for a minimum duration of 20 years, and that a maximum of 10 % could be sold over periods of 2 years. The whole would be managed by the Secretary of the Treasury and the Secretary of Commerce.
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Source: X
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