Dec 18, 2024 · Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin.

Jul 31, 2024 · The bill directs Treasury to establish a Strategic Bitcoin Reserve for the secure storage of U.S. Bitcoins. The reserve must be a decentralized network of secure facilities across the United States. Existing U.S. Bitcoin holdings must be transferred to the reserve.

Dec 20, 2024 · To fund the purchase, the government would revalue about $11 billion worth of gold certificates on the Federal Reserve’s balance sheets. Lummis said establishing a bitcoin reserve could help...

Nov 11, 2024 · The BITCOIN Act mandates that the government decrease the permissible amount of the surplus funds of the Federal reserve banks by about $4.4 billion, from $6,825,000,000 to $2,400,000,000.

Dec 18, 2024 · Federal Reserve Chair Jerome Powell has ruled out the possibility of the central bank adding Bitcoin to its balance sheet, citing legal restrictions under the Federal Reserve Act.

Federal Reserve Chair Jerome Powell has dismissed the idea of the Fed holding bitcoin, emphasizing legal restrictions, as U.S. crypto policies and market dynamics rapidly shift.

Jan 24, 2025 · The Treasury would fund the purchases with profits on Federal Reserve banks' deposits and gold holdings. The bitcoin reserve would subsequently be maintained for a minimum of 20 years.

Dec 18, 2024 · Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the digital currency and signaled a more cautious approach to rate...

Dec 8, 2024 · Senator Cynthia Lummis introduced the BITCOIN Act of 2024, which proposes the US Treasury establish a national Bitcoin reserve by acquiring 1 million BTC over five years, with annual...

Sep 18, 2024 · Shaping the future of banking with bitcoin. Fed Chairman Jerome Powell. (Photo by Chip Somodevilla/Getty Images) The Federal Reserve cut interest rates by 50 basis points today (bps), bringing the...