Impact of US Government Holding Bitcoin as a Strategic Reserve: Insights from Binance Executive
Catherine Chen, Binance’s head of VIP & Institutional, views the U.S. discussion on a national bitcoin reserve as a positive development for the crypto market.
She highlights the increasing recognition of bitcoin by politicians and industry leaders as a sign of its growing importance in the financial system. Chen anticipates that this recognition will lead to greater regulatory clarity.
She notes that both Robert F. Kennedy Jr., who has proposed transferring 200,000 bitcoins to the U.S. Treasury and purchasing 550 bitcoins daily, and Donald Trump, who supports a strategic bitcoin stockpile and a crypto advisory council, are enhancing bitcoin’s legitimacy as a financial instrument.
Clever Robot News Desk 31st July 2024
