Prøve GULL - Gratis
US crypto reserve: Odd idea with a silver lining
Mint Mumbai
|March 10, 2025
Trump's proposal last week wasn't the crypto boost that fans of digital tokens expected. Its market impact must always stay neutral. If CBDCs gain US approval, that will be a bonus
-
If any other owner of a cryptocurrency platform had announced a national reserve of cryptocurrencies, howls of protest over conflict of interest would have rent the air.
When President Donald Trump declared that the US would create a Bitcoin reserve and a separate crypto stockpile, his fan base took it as a move to fulfil a campaign promise.
But the proposal he unveiled last week seemed like a bit of a con. For Bitcoin, the US government will merely rename its existing holdings as a strategic reserve. No additional tokens will be bought. No federal funds being deployed also goes for the multiple-crypto stash to be held alongside. What's already in the US crypto vault had fallen into state ownership as a result of legal proceedings against wrongdoing.
Denne historien er fra March 10, 2025-utgaven av Mint Mumbai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Mumbai
Mint Mumbai
Sebi to revamp settlement rules, curb penalties
India’s capital markets regulator has initiated a review of its rules on case settlement to simplify calculations and address concerns on stringent conditions and inflated penalties, three people familiar with the matter said.
3 mins
November 15, 2025
Mint Mumbai
Investors dump tech shares as shutdown relief evaporates
Wall Street's relief at the end of the government shutdown gave way on Thursday to new fears about a flood of delayed economic data, the prospect of slowing interest-rate cuts and the extreme valuations of tech giants.
3 mins
November 15, 2025
Mint Mumbai
Tata Motors rejects Maruti’s call for softer emissions on small cars
A rift between India’s top automakers over emission norms has burst into the open. Tata Motors Passenger Vehicles Ltd on Fri day publicly rejected calls for easing norms for small cars, directly countering market leader Maruti Suzuki India Ltd’s longstanding demand for relaxed standards.
2 mins
November 15, 2025
Mint Mumbai
Tata Motors PV slips into a loss in Q2 as JLR woes mount
JLR cuts operating profit margin guidance for 2025-26 fiscal year amid multiple headwinds
3 mins
November 15, 2025
Mint Mumbai
Centre to roll over electric bus and truck incentives to FY27
The ministry of heavy industries has asked the finance ministry to shift the allocation for financial incentives to encourage the purchase of e-trucks and e-buses to next year's budget, according to two people aware of the development.
1 mins
November 15, 2025
Mint Mumbai
Relief on specialty steel likely
Govt plans to temporarily suspend strict quality-control rules for importing 55 products to address supply gaps
3 mins
November 15, 2025
Mint Mumbai
The bespoke tailor to the stars
Meet Madhav Agasti, the self-taught designer who has created costumes for heroes and villains for 50 years
5 mins
November 15, 2025
Mint Mumbai
Wakefit boosts listing size, seeks pre-IPO fundraise
Home-furnishings brand Wakefit is gearing up for a ₹1,400-crore public listing in early December, three people with knowledge of the matter said.
2 mins
November 15, 2025
Mint Mumbai
Govt defers safety rules for electrical devices, machinery
Centre scraps rollout date, a day after withdrawing 14 QCOs for imported petrochemicals and industrial raw materials.
2 mins
November 15, 2025
Mint Mumbai
India Inc.’s new hiring play: Bring in industry outsiders
Firms believe hiring from other sectors will question existing practices, enable new work styles
2 mins
November 15, 2025
Listen
Translate
Change font size