Gold

Bitcoin

<ul class="wp-block-list">
 <li>Rep. Ro Khanna advocates for the U.S. to retain seized Bitcoin as a strategic reserve asset to enhance financial leadership.</li>  
 <li>Khanna highlights Bitcoin's advantages over gold, citing lower storage costs and resistance to foreign inflation.</li>  
 <li>Khanna co-sponsored the FIT 21 bill to improve cryptocurrency regulations, gaining support from over 70 Democrats.</li> 
</ul>  
<p>Ro Khanna, a Democratic Representative, has suggested that the US should keep confiscated Bitcoin as a strategic reserve. Khanna's stance shows a nonpartisan strategy, proposing that having Bitcoin could boost the Federal Reserve's assets and uphold its status as a top player in the worldwide financial sector.</p>  
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<p>Khanna pointed out that most of the U.S. government's Bitcoin holdings come from illegal activities. Usually, the authorities resell these assets in the market.&nbsp;</p>  
<p>Nevertheless, Khanna suggests that retaining Bitcoin could lead to enduring advantages for the financial stability of the nation. Khanna believes that Bitcoin's potential for growth makes it a desirable asset for the U.S. reserves.</p>  
<h2 class="wp-block-heading" id="h-advantages-over-gold"><strong>Advantages Over Gold</strong></h2>  
<p>In addition, Khanna pointed out that <a href="https://cryptonewsland.com/the-epic-debate-bitcoin-vs-gold-which-holds-more-value/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin holds several advantages</a> over traditional assets like gold. For example, storing Bitcoin costs less and it is less affected by inflation in other countries.&nbsp;</p>  
<p>He believes that it is important for the U.S. to take the lead in determining the future of digital currencies by establishing market regulations instead of copying other nations. Additionally, <a href="https://bitcoin.org/" rel="noopener noreferrer nofollow">Bitcoin</a> has the capability to enable more affordable and quicker cross-border transactions by utilizing its fundamental blockchain technology.</p>  
<h2 class="wp-block-heading" id="h-khanna-push-for-better-crypto-regulation"><strong>Khanna Push for Better Crypto Regulation</strong></h2>  
<p>Moreover, Ro has been actively involved in efforts to reform cryptocurrency regulations. He co-sponsored the <a href="https://cryptonewsland.com/us-house-of-representatives-approve-fit21-bill-with-strong-bipartisan-support/" target="_blank" rel="noopener noreferrer nofollow">FIT 21 bill</a> alongside Republican Patrick McHenry, aiming to create a more balanced regulatory framework for digital assets. The bill received support from over 70 Democrats, reflecting his ability to unite lawmakers across party lines on this issue.</p>  
<p>Khanna’s advocacy goes beyond Bitcoin reserves. He is working on <a href="https://cryptonewsland.com/harris-campaign-team-to-engages-crypto-leaders-in-policy-roundtable-talks/" target="_blank" rel="noopener noreferrer nofollow">changing the Democratic Party’s approach</a> to cryptocurrency, encouraging a more favorable stance toward decentralization and innovation. He also emphasizes the need for policies that support Bitcoin mining and protect digital assets from excessive government control.</p> 
<p>The post <a href="https://cryptonewsland.com/khanna-advocates-for-bitcoin-reserves-over-gold/" rel="noopener noreferrer nofollow">Khanna Advocates for Bitcoin Reserves Over Gold to Boost U.S. Economy</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Khanna Advocates for Bitcoin Reserves Over Gold to Boost U.S. Economy

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