Among the latest news from the USA, there is the statement from Senator Tommy Tuberville who will introduce a law to allow Americans to invest their pension funds in crypto. In an interview, the senator stated that he supports President Trump, who is in favor of the sector.
USA and the new bill proposal to invest pension funds in crypto
The United States senator, Tommy Turberville, will introduce a law to allow Americans to invest their pension funds in crypto.
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In his interview, the senator stated that his new bill supports President Trump, who is in favor of the cryptocurrency sector.
Here are his words:
“America is the land of freedom, but under Joe Biden, the federal government has tried to control how Americans invest their money. President Trump is the crypto President. That’s why I am reintroducing the Financial Freedom Act to give Americans the freedom to invest their retirement in cryptocurrencies.”
USA: the proposal to invest pension funds in crypto thanks to the Trump presidency
As anticipated, the new proposal by Senator Turberville to allow Americans to invest their pensions in crypto reflects the guidance of the new USA President, Donald Trump.
In fact, in the last month, Trump has already done something that demonstrates support for the bull sector of cryptocurrencies.
Trump has signed the executive order to establish the Strategic Bitcoin Reserve. In this reserve, there are the first 200,000 BTC resulting from confiscation proceedings.
Such BTC from the USA reserve will not be sold, but kept as a “Digital Fort Knox” of the Country.
At the same time, Trump also established the Digital Asset Stockpile, consisting of digital assets other than bitcoin confiscated in criminal or civil proceedings. In practice, it is a reserve of altcoin or crypto, which are not Bitcoin.
In this regard, in one of his social posts, Trump had also stated that the crypto reserve of the USA would involve Ripple (XRP), Cardano (ADA), and Solana (SOL), in addition to obviously BTC and ETH.
The mining of Bitcoin
Another more recent news item, then, concerns the new investment by the Trump family in the Bitcoin mining sector.
In fact, Donald Trump Jr and Eric Trump have decided to merge their companies, American Data Centers and Hut 8, to create a new entity called American Bitcoin.
The new project will bring with it 61,000 mining machines already operational, with the declared goal of building a strategic Bitcoin reserve, retaining part of the mined BTC.
