Congressman Connolly urges the Treasury to block Trump’s strategic Bitcoin reserve, calling it unsound fiscal policy. Will this initiative survive?
#BTCReserve #Bitcoin #Trump #Congressman #CryptoPolicy

https://cryptosnewss.com/congressman-gerald-connolly-pushes-treasury-to-block-trumps-bitcoin-reserve-plan/

Utah lawmakers approved a key digital asset bill but removed the Bitcoin investment provision. Meanwhile, Arizona, Texas, and other states push forward in the race to establish the first Strategic Bitcoin Reserve! #Bitcoin #bitcoinbill #Utah #CryptoRegulation #BTCReserve

https://cryptosnewss.com/utah-senate-passes-bitcoin-bill-but-removes-strategic-bitcoin-reserve-clause/

Update on State BTC Strategy Reserve:

Utah leads, awaiting the final vote, with Arizona close behind. Even if many U.S. states adopt a BTC reserve, the inflow might not be huge compared to #MSTR holdings. However, state governments holding BTC means reduced market circulation, as they won't sell short-term.

If Utah passes in March, it could boost market sentiment. Positive news!

Breaking News!

U.S. Commerce Secretary reveals Trump will announce a #Bitcoin Strategic Reserve Plan at the White House #CryptoSummit. Other #tokens will also gain attention, albeit differently. A pivotal moment for crypto policy!

US Bitcoin reserve would have ‘profound’ impact on adoption: CoinShares - The Bitcoin Act’s passage could eventually send BTC’s price past $1 mill... - https://cointelegraph.com/news/us-bitcoin-reserve-profound-impact-adoption-coinshares #strategicbitcoinreserve #bitcoinprice #bitcoinetf #bitcoinact #btcreserve #coinshares #btcprice #bitcoin #btcetf #btc