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A new bill introduced on Tuesday would direct the US Treasury to study whether a Strategic Bitcoin Reserve (SBR) is technically and legally feasible, adding fresh momentum to a policy discussion that has picked up steam this year.
US President Donald Trump signed an executive order in March that set up a framework for a Strategic Bitcoin Reserve and a US Digital Asset Stockpile, but a detailed plan has yet to be released.
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According to Alex Thorn, head of firmwide research at Galaxy Digital, there is a high likelihood the US will formally announce an SBR by the end of this year — a view that some market participants say is
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