US should fund Bitcoin strategic reserve with tariff surplus: Author
The proposal included geographically distributed multi-signature cold-storage for secure self-custody, proof of reserves, and a budget cap.
The United States government can purchase more Bitcoin (BTC) for the US strategic reserve through funneling portions of the tariff receipt surplus into BTC acquisitions, according to Adam Livingston, author of “The Bitcoin Age and The Great Harvest.”
Livingston proposed taking a portion of the surpluses generated by trade tariffs every month and funneling that into secure, cold storage BTC that is not traded, staked, sold, rehypothecated, used to fund programs or secure loans, or lent out for yield. He said:
That Surplus is unallocated. It's not pre-spent. It's not tied to Medicare, entitlements, or debt service. It's just floating, waiting, looking for a productive use case, ” Livingston continued.
Source: Cointelegraph →Related News
- 4 hours ago
Stablecoins will force 'everyone' to share yield — Stripe CEO
- 5 hours ago
Blockchain network revenues declined 16% in September: Report
- 8 hours ago
Tokenizing stocks of DATs compounds investor risk: Crypto execs
- 11 hours ago
XRP slides below $3: How low can the price go next?
- 12 hours ago
Confidential lending will unlock trillions for DeFi markets