BSV Blockchain Newsletter

BSV Blockchain recently made headlines as former President Donald Trump visited Mar-a-Lago to show solidarity with Bitcoin miners. During the meeting, Trump expressed his support for U.S.-based mining operations and voiced his opposition to the idea of a central bank digital currency (CBDC) through his platform, Truth Social. Simultaneously, the U.S. House of Representatives is in the process of evaluating the Fiscal Year 2025 National Defense Authorization Act. A notable addition to the Act is an amendment proposed by Rep. Kat Cammack, aiming to explore the potential applications of blockchain technology within the Defense Department for enhanced operational efficiency.

The BSV Blockchain Gazette, hosted by Bryan Daugherty, the Director of Public Affairs for the Americas at BSV Blockchain, highlights key figures and entities including the House of Representatives, Representative Kat Cammack (R-FL), the United States Defense Department, Representative Brad Sherman (D-CA), the U.S. Treasury Department, former President Donald Trump, BTC miners, and Truth Social.

Congressional Review of Blockchain Technology Implementation in Military Operations

The House is deliberating on the 2025 NDAA, focusing on an amendment proposed by Rep. Kat Cammack from Florida. This amendment seeks to establish a committee dedicated to exploring the integration of blockchain, smart contracts, and distributed ledger technologies within the Defense Department to streamline its operations.

Rep. Sherman Advocates for Crypto Restrictions in Transactions with Russia

Representative Brad Sherman, from California, has introduced another amendment to grant the Treasury Department the authority to restrict digital asset exchanges under U.S. jurisdiction from engaging in transactions with crypto addresses associated with Russia.

Trump's Stance on BTC Mining and CBDCs

During his meeting with BTC miners at Mar-a-Lago, former President Trump reiterated his commitment to supporting the mining community and emphasized his preference for all BTC mining activities to be conducted within the United States. Additionally, he used Truth Social to announce his firm opposition to the implementation of a CBDC.