Search results for BITCOIN Act
Crypto
Trump hints at expanding U.S. bitcoin holdings; large market purchases up to Congress
U.S. President Donald Trump said he is considering expanding holdings of bitcoin and other cryptocurrencies, but analysts say launching a multi-billion-dollar open-market purchase program would require explicit authorisation from Congress. Existing law leaves limited routes for the executive branch, mainly through seized assets, donations and tax payments. Large-scale purchases or funding them by selling other digital assets could conflict with federal fiscal rules without new legislation.
Crypto
U.S. Treasury adds PayPal, Venmo to national debt donations as bitcoin reserve bill stalls
The U.S. Treasury has added PayPal and Venmo payments to its Pay.gov form that allows the public to make voluntary donations to reduce the national debt. The program has operated since 1961, with about $67 million received since 1996 and around $30,000 in February 2026. Donations remain small compared with total U.S. debt of $39 trillion and monthly interest costs of about $88 billion. A proposed bitcoin reserve bill remains stuck in committee.
Crypto
Bitcoin investment spreads to U.S. politics as BlackRock IBIT purchase filing draws attention
U.S. Republican Representative Sheri Biggs disclosed that her spouse bought about $250,000 of BlackRock’s spot bitcoin ETF, IBIT, in a March 4 trade. A filing submitted to the House clerk showed the purchase ranged from $100,001 to $250,000 and was made through a professionally managed spouse account at UBS Financial Services. The disclosure comes as the Senate considers bitcoin-related legislation, including a proposal for the Treasury to buy 1 million bitcoins over five years.