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Powell says Fed cannot hold bitcoin, not seeking to change thatwww.reuters.com/technology/fed-cant-hold-bitcoin-not-seeking-change-that-powell-says-2024-12-18/
1472 sats \ 6 comments \ @ch0k1 8h news
Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin.
"We're not allowed to own bitcoin," Powell said at a press conference following the Fed's latest two-day policy meeting, in which policymakers cut rates as expected while signaling a less certain path for monetary policy in the months ahead.
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21 sats \ 0 replies \ @zapsammy 24m
who will hold the keys? corporations cannot hold keys. only living men or women can hold keys, perhaps as representatives of a corporation.
moreover, what is the purpose of accounting while holding bitcoin when bitcoin is the accountant? there is no such thing as gain, or loss, or income, or yield on the bitcoin network. only distribution and fees. all sats are always accounted for, since 1-3-2009.
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21 sats \ 0 replies \ @mrsu 26m
Bitcoin obsoletes the Fed and all of its employees. The Fed is not needed to hold bitcoin.
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21 sats \ 0 replies \ @OgFOMK 8h
"We're not allowed to own bitcoin," Powell said at a press conference following the Fed's latest two-day policy meeting, in which policymakers cut rates as expected while signaling a less certain path for monetary policy in the months ahead.
The Federal Reserve has over 129 documents that mention Bitcoin. So while they are not allowed to own bitcoin they still have access to bitcoin and are testing it. Or they are using someone else's bitcoin. Regardless it's always good to see the language of the press releases.
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0 sats \ 0 replies \ @nullama 2m
"We're not allowed to own bitcoin,"
But what happens when they seize Bitcoin?.
They even have the laptop used to seize Bitcoins from 2016 Bitfinex heist at the Smithsonian museum.
So, the US clearly owned those 94,000 Bitcoin at some moment in time.
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0 sats \ 0 replies \ @Maximux 1h
Donald Trump has been clear about the importance of creating a Strategic Bitcoin Reserve in the United States. Trump never gives up, that means one way or another he will make the BTC Reserve a reality.
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0 sats \ 0 replies \ @LowK3y19 8h
Good keep your grubby hands off the bitcoin
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