Editor's PiCK
"White House to Soon Announce Additional Details on Strategic Digital Asset Reserves"
Suehyeon Lee
Summary
- The White House is expected to soon announce additional details on strategic digital asset reserves.
- Purchasing digital assets with tax money would require congressional approval, which realistically seems difficult to pass.
- Alternatives being discussed include utilizing digital assets seized by the government or using sovereign wealth funds.
The White House is expected to provide additional details on strategic digital asset (cryptocurrency) reserves soon.
On the 7th (local time), Charles Gasparino, a Fox Business reporter, shared through his X account that "according to sources, the White House is preparing additional explanations about strategic digital asset reserves either today or tomorrow."
He further explained, "The key issue is the funding method. Purchasing digital assets with tax money would require congressional approval, which realistically seems difficult to pass. Therefore, alternatives being discussed include utilizing digital assets seized by the government or using sovereign wealth funds."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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