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Michael Saylor, Tom Lee Strategic Bitcoin Reserve

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Strategy Founding Partner Michael Saylor and Fundstrat Cio Tom Lee are among the heavy weights of crypto, which will meet US deputies today.

Mara CEO, Fred Thiel and Bitdeer’s eighteen crypto industry leader, including Haris simple, will attend the round table meeting organized by digital chambers and its affiliated institution digital power network.

The meeting will focus on developing the Senator Cynthia Lummis’s Bitcoin Law, designed to create the US Strategic Bitcoin Reserve and set rules to obtain and manage the Bitcoin held by the government.

After proposal during the election campaign of President Donald Trump last year, a hyper, strategic Bitcoin reserve attempt as a potential game exchanger has slowed down since then and disappointed some of some of the crypto industry.

Also at the meeting Cleanspark executives Matt Schultz and Margeaux and Mara’s Jayson Browder plaisting. Crypto -oriented venture capital companies will join chain capital managers and reserve One, with Andrew McCormick, the chairman of the US business, the investment platform Ethoro.

Western Alliance Bank’s David Fragale and Blue Square Sealth’s Jay Bluestine will be among the executives from traditional finance.

Bitcoin movement to set rules for strategic Bitcoin Reserve

The Bitcoin law is officially aimed at creating a US strategic Bitcoin reserve for Bitcoin, and tries to set rules on how Bitcoin will be acquired, stored and managed.

As part of the law, the US would receive 1 million Bitcoin for a period of five years, all of them would be continued under the program for at least twenty years except for special conditions.

The law requires the acquisition of Bitcoin in a neutral way, ie there should be no additional cost for US taxpayers. Some of the financing strategies mentioned so far are the re -evaluation of the Treasury’s gold certificates and tariff income.

The Bitcoin law is based on Trump’s “Strategic Bitcoin Reserve and the Establishment of the United States Digital Asset Stock”.

According to the president of the President, the US government would build a strategic BTC reserve by using Bitcoin, which was lost by the Treasury Ministry of Treasury through the loss of criminal or civil assets.

US government has 198K BTC

Data Bitbo He claims that the US government has 198,012 BTC as of December 15 last year.

Some of the biggest seizures include Bitfinex Hack One with 94,643 BTC seized by Hack’s orchestrators, Ilya Lichtenstein and Heather Morgan.

69,370 BTC from the Silk Road market, 15,085 BTC from other Bitfinex Hacks were seized.

There is also 9,800 BTC seized by James Zhong, also related to the Silk Road.

With Bitcoin trade 1:42 am Est of $ 115.879.79, the government’s estimated assets have more than $ 22.93 billion.

BTC price

BTC Price Graph (Source: CoinMarketcap)

Bitcoin Holdings is an estimation, because no official explanation has been made about how much it actually kept. According to Bitbo, some BTCs are still under closed cases, are still in transit, or are not yet taken into account yet.

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