Reserve

Bitcoin

President Trump

Kamala Harris

US presidential candidate Robert F. Kennedy Jr. If elected president, he has promised to issue several Bitcoin-related executive orders on his first day in office. Kennedy, who is running as an independent, made the announcement at the Bitcoin 2024 conference in Nashville on Friday.
Robert Kennedy F. Jr. “I understand that President Trump may announce tomorrow his plan to authorize the US government to purchase one million Bitcoins as a strategic reserve asset, and I applaud that announcement,” he said.
Kennedy detailed his plan to direct the U.S. Department of Justice and the U.S. Marshals Service to turn over approximately 200,000 Bitcoins currently held by the U.S. government to the Treasury Department. He stated that these assets would be held as a “strategic asset”.
Kennedy also announced his intention to sign an executive order instructing the US Treasury to purchase 550 Bitcoins daily until it accumulates a reserve of 4 million BTC. With approximately 21 million Bitcoins in circulation, this policy aims to capture a significant portion of the global Bitcoin supply.
Related News: <a href="https://en.bitcoinsistemi.com/how-would-a-potential-kamala-harris-presidency-affect-bitcoin-and-cryptocurrencies/" target="_blank" rel="noopener noreferrer nofollow">How Would a Potential Kamala Harris Presidency Affect Bitcoin and Cryptocurrencies?</a>
“Our country holds approximately 19% of global gold reserves,” Kennedy said. “This policy will earn us approximately the same proportion of total Bitcoin. This cascading effect and these actions will eventually push Bitcoin to a valuation of hundreds of trillions of dollars.” “
In addition, Kennedy announced his plan to sign an executive order directing the US Internal Revenue Service (IRS) to issue guidance declaring that all transactions between Bitcoin and the US dollar will be considered non-reportable and therefore non-taxable.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/us-presidential-candidate-rfk-trump-could-announce-bitcoin-as-a-us-reserve-asset-today/" rel="noopener noreferrer nofollow">US Presidential Candidate RFK: “Trump Could Announce Bitcoin as a US Reserve Asset Today”</a>

US Presidential Candidate RFK: “Trump Could Announce Bitcoin as a US Reserve Asset Today”

Bitcoin Sistemi EN

Other articles published on Jul 27, 2024

Vitalik Buterin Rejects Ethereum Centralization Claims: Details Inside

Bitcoin ETFs Draw Major Investments

Bitcoin advocate Mow lists six proposals for Trump's Nashville speech

'No US Dollar by 2045': Samson Mow Reacts to Michael Saylor's Epic Forecast

Jupiter Coin Price Soars 20% Ahead Major Week And Supply Proposal

Ethereum ETF Experiences A Significant Outflow Despite Increased Inflows!

Join our free newsletter for daily crypto updates!