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VanEck Expert Proposes Mining Royalty to Fund US Bitcoin Acquisition Amid Political Tensions
The head of digital assets research at VanEck proposed implementing a mining royalty that would enable the US government to acquire Bitcoin without impacting the national budget.
He suggested a potential approach involving an executive mechanism utilizing the Exchange Stabilization Fund, which could allocate up to $100 million.
However, he acknowledged that large-scale government purchases of cryptocurrencies could face political opposition, particularly amid the pre-election climate and existing divisions over digital assets.
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AI Analysis
The suggestion from VanEck's digital assets research chief introduces an innovative potential policy for US cryptocurrency engagement. By establishing a mining royalty, the government could accumulate...
AI Recommendation
Investors and stakeholders should monitor the political discourse surrounding this proposal closely. If the government advances toward implementing a mining royalty or utilizing the ESF for Bitcoin ac...
Disclaimer
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