Search results for Nick Begich
Crypto
U.S. strategic bitcoin reserve bill takes shape with quarterly reserve proof, external audits mandated
The full text of a U.S. bill on a strategic bitcoin reserve, H.R. 8957, has been released, detailing a structure that effectively locks up federal bitcoin for 20 years. The bill mandates quarterly public cryptographic “proof of reserves” for all government-held bitcoin, along with independent third-party audits and oversight by the inspector general. It also sets limits on disposals and bars using new borrowing, new taxes or deficit spending to acquire bitcoin.
Crypto
KOSPI at 8,400 raises question of when bitcoin will rise as Ethereum foundation infighting spreads
South Korea\'s KOSPI has broken above 8,400 for the first time and is up 100 percent this year, led by a semiconductor rally and inflows into leveraged chip ETFs. By contrast, domestic crypto trading value has fallen about 80 percent and the so-called kimchi premium has turned negative. Attention is also on the U.S. Clarity bill, a proposed federal bitcoin reserve law, and debate inside the Ethereum Foundation over priorities and governance.
Crypto
U.S. lawmaker says U.S. should seek to secure 5 percent of bitcoin supply, sets six-month legislative deadline
Republican U.S. Representative Nick Begich has proposed targeting about 5 percent of total bitcoin supply for a U.S. strategic bitcoin reserve. In an interview with Fox Business, he urged lawmakers to pass related legislation within about six months, before the 2026 midterm elections. He backed the ARMA bill and likened a bitcoin reserve to a “new Fort Knox.” Funding options discussed include using crypto seized under Iran sanctions, with Japan yen figures cited.
