President Donald Trump signed an executive order establishing a government reserve of bitcoin, retaining 200,000 seized bitcoins. The U.S. government will not sell any bitcoin deposited into the Reserve, aiming for a full accounting of its holdings and developing strategies for acquiring additional bitcoin. Trump’s move towards mainstream acceptance of cryptocurrency includes the creation of a U.S. Digital Asset Stockpile for seized cryptocurrencies other than bitcoin.
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AOC teams up with Florida Republican Rep. Anna Paulina Luna for bill capping credit card interest at 10%
Millennial congresswomen Reps. Anna Paulina Luna and Alexandria Ocasio-Cortez have introduced legislation to cap credit card interest rates at 10%, aiming to protect working class Americans from high interest rates. Despite previous support from President Trump, experts warn that such a drastic cap could lead to credit rationing and harm low-income borrowers. The proposal faces opposition from banking groups and has not gained significant traction in Congress. Full Article
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