Does the Federal Reserve Have The Power To Block The Bitcoin Reserve Plan?

Quick Summary:

He underscored that such matters come under the jurisdiction of Congress and the Fed does not wish to seek a change in existing laws to allow for Bitcoin holdings.

Either way, the Treasury Department, rather than the Fed would ultimately take the lead in implementing the Bitcoin reserve.

WuBlockchain in the latest post has shared insights on whether the Fed could prevent the US from creating a national Bitcoin reserve.The U.S.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United States

Topics: News Crypto news Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 15:31:32 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 519 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 24641142

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 19 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #112

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