Search results for Samuel Paparo
Crypto
U.S.-China rivalry spills into cryptocurrency with diverging strategies on bitcoin
The U.S. Department of Defense is operating bitcoin nodes to run network security tests, in its first official acknowledgement of such activity, as competition intensifies over using bitcoin as a national security asset. Admiral Samuel Paparo Jr said bitcoin is linked to national security and has cyber applications beyond its economic value. Iran, Taiwan and Russia are also considering or using bitcoin in payments or reserves. U.S.-China tensions extend to seized holdings and mining supply chains.
Crypto
U.S. Senator Lummis backs using bitcoin for national security, urges fast passage of Clarity Act
U.S. Republican Senator Cynthia Lummis (신시아 루미스) urged Congress to move quickly on the Clarity Act after testimony that the U.S. Indo-Pacific Command is running real-time bitcoin nodes and testing the protocol for military network security. The debate is about bitcoin’s potential use in military and security infrastructure, not its price. Lummis warned legislative momentum could fade until at least 2030 if the Senate Banking Committee does not advance the bill by April 25.
Crypto
U.S. military confirms operating bitcoin nodes, first test of bitcoin as national security asset
The U.S. Indo-Pacific Command is operating nodes on the bitcoin network and conducting cybersecurity operational tests using the bitcoin protocol, commander Samuel Paparo said at a Senate Armed Services Committee hearing. He said the work focuses on computer science rather than monetary policy and examines security applications of proof-of-work. Paparo said he could provide details in a classified setting. The remarks were described as the first time an active U.S. combatant commander publicly discussed bitcoin as a national security asset in a formal congressional proceeding.