The BITCOIN Act of 2024 establishes a Strategic Bitcoin Reserve with geographically distributed keys, cold storage mandate, and proof-of-reserves audits to safeguard against vulnerabilities.
The Act plans to acquire up to 1,000,000 Bitcoins over five years, limiting annual purchases to 200,000 Bitcoins, with reserves to be held for twenty years and restrictions on their use and sale thereafter.
#bitcoin-act-of-2024 #strategic-bitcoin-reserve #bitcoin-purchase-program #us-financial-strategy #cryptocurrency-regulation
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