-
Zhao stated that you can buy Bitcoin either after the US government has finished buying Bitcoin or before
-
Four US States passed the Strategic Bitcoin Reserve Legislation out of committee
-
These developments could indicate that the US Government is actively accumulating Bitcoin
Changpeng Zhao – co-founder of Binance and former CEO – recently hinted at the fact that the US Government is a major Bitcoin buyer.
Yesterday, he said on X: “You can purchase Bitcoin after the US government has finished buying, or even before.” There is no choice .”
This tweet was sent in response to reports that Montana’s proposed “Strategic Bitcoin Reserve” legislation had passed committee review. The bill will now be voted on by the House.
Montana Bill Sparks speculation of US Bitcoin Reserve
The bill proposes to create a special revenue account which allows the state invest in precious metals and digital assets whose average market capitalization has been over $750 billion for the past year. Bitcoin is currently the only cryptocurrency that meets these criteria.
Montana has joined a growing list of states, such as Arizona, Utah, and Oklahoma, which have introduced similar Bitcoin reserve bills on their respective House floor.
These developments could indicate that the US government is aggressively buying the world’s most popular virtual asset, which could propel its price upward.
US Government’s Position on Bitcoin
In recent years, there have been some positive intentions from the US government toward Bitcoin. This is especially true with the Trump administration being pro-crypto.
Senator Cynthia Lummis, before Trump’s administration in July 2024, introduced a bill for the establishment of a strategic Bitcoin Reserve. This legislation requires the US Treasury and Federal Reserve acquire 200,000 Bitcoins each year over five years in order to reach a total reserve 1 million Bitcoins.
The goal is to show leadership in the global crypto world and improve national financial resilience.
Pro-Bitcoin Bills Gaining Ground In The US
The bill has yet to gain traction but it does show that Bitcoin remains a hot topic for some officials within the US government.
In January 2025, US president Donald Trump signed a directive titled “Strengthening American Leadership on Digital Financial Technology.” This directive outlines the administration’s plan to strengthen the United States position in digital assets.
These legislative actions are indicative of a trend where government agencies are recognizing digital assets such as Bitcoin and adding them to their financial strategies.
This site is for entertainment only. Click here to read more
