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Today's Top Crypto Headlines:
Saylor Proposes US Bitcoin Reserve | Trump Appoints Crypto Council Lead | Trump Taps Economist for CEA Role and more...
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Saylor Proposes US Bitcoin Reserve: Michael Saylor suggests a US Digital Assets Framework featuring a Bitcoin reserve, potentially generating $81 trillion for the Treasury.
Trump Appoints Crypto Council Lead: President-elect Trump appointed Bo Hines to lead his administration’s "Crypto Council," alongside AI czar David Sacks.
💡Feature of the Day - Trump Taps Economist for CEA Role: President-elect Trump named Stephen Miran as Council of Economic Advisors chair.
All this and more in today’s headlines!
📰 News Highlights:
Michael Saylor, the founder of MicroStrategy, has proposed a bold Digital Assets Framework for the United States, which includes a strategic Bitcoin reserve.
A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy—empowering millions of businesses, driving growth, and creating trillions in value. michael.com/digital-assets…
— Michael Saylor⚡️ (@saylor)
7:02 PM • Dec 20, 2024
According to Saylor, this initiative could generate $81 trillion for the US Treasury, bolster the dollar, and reduce national debt.
Under his proposal, the framework would categorize digital assets into six groups, including Bitcoin, securities, and tokens, and establish clear compliance roles while minimizing costs.
This is complete bullshit. The proposal would do the opposite. It would weaken the dollar, exacerbate the national debt, and making America a laughing stock. It would deprive business of power, diminish growth, and destroy value.
— Peter Schiff (@PeterSchiff)
7:55 PM • Dec 20, 2024
Critics like Peter Schiff, however, dismissed the plan, claiming it would harm the dollar and increase debt.
President-elect Donald Trump has named Bo Hines, a former college football player and 2022 Republican candidate, as the executive director of his administration's "Crypto Council."
The announcement was made on Dec. 22 via Trump’s Truth Social platform, where he noted that Hines would work alongside AI and crypto czar David Sacks to drive innovation in the digital asset sector.
🇺🇸 I'm honored to be able to serve our country and ensure continued American leadership in AI working closely with @DavidSacks.
Thank you @realDonaldTrump for this opportunity.
— Sriram Krishnan (@sriramk)
10:11 PM • Dec 22, 2024
Trump’s administration has also nominated Paul Atkins to lead the SEC, further signaling a shift toward crypto-friendly policies.
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💡 Feature of the Day:
Economist Stephen Miran has been tapped by President-elect Trump to chair the Council of Economic Advisors, a move seen as pro-innovation and crypto-friendly.
🚨NEW VIDEO🚨
Trump's POTENTIAL Economic and Dollar Playbook REVEALED by Former Treasury Official@SteveMiran, a PhD economist and senior strategist at Hudson Bay, to uncover the potential economic playbook of the Trump administration and its transformative policies.
— The Bitcoin Layer (@TheBitcoinLayer)
12:40 AM • Dec 12, 2024
Miran, a former senior Treasury advisor, has publicly supported deregulation and the role of crypto in fostering economic growth.
I am beyond honored that President Trump has chosen me to lead his Council of Economic Advisers. I look forward to working to help implement the President's policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans!
— Stephen Miran (@SteveMiran)
3:39 PM • Dec 22, 2024
Trump’s cabinet selections continue to lean toward crypto advocates, including Paul Atkins as SEC chair and David Sacks as the AI and crypto czar.
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😂 Crypto Meme of the Day:
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Bukele:
— The ₿itcoin Therapist (@TheBTCTherapist)
2:47 AM • Dec 22, 2024
Meme of the day provided by @TheBTCTherapist
And that’s it for this today.
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See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com