Recently there has been an unconfirmed rumor floating around that Ripple CEO, Brad Garlinghouse had a secret meeting with :trump: President Trump. Since Ripple has actively promoted its Central Bank Digital Currency (CBDC) solutions on its official website this raises concerns that Ripple wants to co-opt U.S. lawmakers into their anti-bitcoin agenda
:lummis: Senator Cynthia Lummis has introduced the #Bitcoin Act of 2024, which is now in the initial stage of the legislative process. For the proposal to become law, it must first pass through the Senate and the House of Representatives before reaching the President for approval. :trump: The Bitcoin Act of 2024 proposes a US Strategic Bitcoin Reserve to strengthen the dollar and maintain crypto leadership. The proposal includes acquiring 1 million bitcoin over five years and using :usfed: Federal Reserve remittances to fund the program.
Satoshi era #Bitcoin wallet just moved 2000 BTC for the first time since 2010. image
Goldman Sachs, once critical of #Bitcoin, now holds U.S. $718M in Bitcoin ETFs, with $461M in BlackRock's IBIT.
Pennsylvania proposes investing up to 10% of state funds in #Bitcoin to diversify assets and combat inflation. If passed, PA would be the first state to directly hold Bitcoin.
#Bitcoin's market cap has surpassed Saudi Aramco, making it the 7th most valuable global asset!