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carlp • Sep 1, 2025, 9:48 pm EDT

U.S. Takes Historic Step by Publishing GDP Data on Nine Blockchains

The Trump administration has taken a groundbreaking step in legitimizing blockchain technology, with the Department of Commerce announcing Thursday that it would begin distributing critical economic data through public blockchains—a move that represents the most significant government endorsement of cryptocurrency infrastructure to date. The department published its quarterly gross domestic product data across nine major blockchains, including Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism. The initiative, described as a “proof of concept,” marks the first time the U.S. government has used blockchain technology to disseminate market-moving economic information. “We are making America’s economic truth immutable

3 minutes

carlp • Jan 23, 2025, 10:49 am EST

Victory for Freedom: A New Era Begins!

The dawn of 2025 has brought an unprecedented wave of change sweeping across America, marking what many of us at Byte Federal believe could be the most significant shift toward freedom and market principles in recent history. The events of the past few days have left us inspired and more optimistic than ever about America’s future. A Historic Inauguration: Promises of Freedom and Prosperity President Trump’s inauguration speech resonated deeply with those of us who believe in American exceptionalism and free market principles. His vision for a prosperous America was crystal clear as he declared, “America will be a manufacturing

3 minutes

johnd • Nov 12, 2024, 12:17 pm EST

Bitcoin as the New Gold Standard: Implications of a National Bitcoin Reserve

Bitcoin’s recent surge to $88,000— briefly spiking above $89,000 —comes at a critical turning point in global financial markets. The rally coincides with Donald Trump’s electoral victory and a major policy proposal from Senator Cynthia Lummis: the establishment of a National Bitcoin Reserve. As Bitcoin’s role expands from speculative asset to a potential cornerstone of national financial strategy, we are witnessing a pivotal moment for the United States and, perhaps, the world. Trump, Lummis, and a National Bitcoin Reserve Senator Lummis’s call for a National Bitcoin Reserve under a Trump administration has the potential to fundamentally reshape sovereign wealth management.

3 minutes

carlp • Oct 31, 2024, 10:45 am EDT

Florida CFO Proposes Bitcoin as Pension Fund Asset

Florida’s Chief Financial Officer, Jimmy Patronis, has proposed a plan that could put Florida at the forefront of bitcoin adoption. In a recent letter to the Florida State Board of Administration (SBA), Patronis recommended establishing a “strategic Bitcoin reserve” and evaluating Bitcoin as a potential addition to the state’s pension funds. His aim? To diversify Florida’s retirement portfolio and provide state workers—from teachers to firefighters—a hedge against traditional financial volatility. Bitcoin as “Digital Gold”: A Hedge Against Economic Uncertainty In his letter, Patronis emphasized Bitcoin’s unique position as “digital gold,” highlighting how Bitcoin’s decentralized nature could serve as a counterbalance

3 minutes

arusso • Aug 7, 2024, 1:54 pm EDT

RFK’s Bitcoin Journey

Robert F. Kennedy Jr. has emerged as an unexpected but powerful Bitcoin advocate, positioning himself as one of the most knowledgeable and passionate political figures championing the asset. His first public endorsement of Bitcoin was last year at the Miami Bitcoin Conference in 2023 and the depths of his understanding have clearly evolved based on his policy proposals at this year’s conference in Nashville. RFK Jr. has proven that he is not just another politician with surface-level understanding—he’s done his homework, and he’s ready to reshape the financial future of America. Miami 2023 When RFK Jr. first spoke about Bitcoin

4 minutes

johnd • Aug 2, 2024, 10:50 am EDT

Pro American Policy is Now Pro Bitcoin Policy

The Bitcoin 2024 Conference in Nashville has benchmarked a new chapter in American Policy. The Bitcoin 2024 conference in Nashville marked a historic moment in the intersection of cryptocurrency and American politics. With the theme “Bitcoin is now American Policy,” the event drew unprecedented attention, including speeches from two presidential candidates—Donald Trump and Robert F. Kennedy Jr. The presence of a former U.S. president and the national spotlight on the event signaled that Bitcoin has firmly entered the mainstream political discourse. Trump’s Historic Appearance Former President Donald Trump’s keynote speech was the highlight of the conference. As the first former

5 minutes

satoshin • Jul 9, 2024, 10:09 am EDT

RNC Embraces Pro-Bitcoin Stance in 2024 Party Platform

In a significant move, the Republican National Committee (RNC) has endorsed a pro-crypto, pro-Bitcoin stance in its draft of the 2024 party platform. Titled “America First: A Return to Common Sense,” the document was approved by an RNC panel and is set to face a final vote on Tuesday. The draft includes a dedicated section on digital assets and Bitcoin, emphasizing the party’s support for the growing digital asset sector. Chapter three of the platform, “Build the Greatest Economy in History,” outlines the RNC’s commitment to defending the right to mine bitcoin and ensuring every American can self-custody their digital

3 minutes

johnd • Jun 4, 2024, 3:12 pm EDT

Australia Launches Its First Spot Bitcoin ETF

Australia is set to launch its first spot Bitcoin exchange-traded fund (ETF). Monochrome Asset Management is heading the project, offering the ETF as a regulated investment vehicle designed to provide investors direct exposure to Bitcoin. Bitcoin ETFs are a growing trend globally with other recent approvals in the EU and Hong Kong. Details of the New Bitcoin ETF The ETF, set to begin trading tomorrow, will be listed on Cboe, making it the first Australian exchange to host a Bitcoin ETF. Cboe is getting out ahead of the larger Australian Securities Exchange (ASX), which is also expected to approve its

2 minutes

johnd • May 24, 2024, 9:19 pm EDT

SEC Approves Spot Ether ETFs

The U.S. Securities and Exchange Commission (SEC) has approved the sale of spot Ether Exchange-Traded Funds (ETFs) in the United States, marking another significant milestone for the cryptocurrency industry. On May 23, 2024, the SEC granted approval to Nasdaq, CBOE, and NYSE to list ETFs tied to the price of ether, potentially setting the stage for these products to begin trading later this year. A Milestone Decision This approval follows the SEC’s earlier decision in January 2024 to approve Bitcoin ETFs and ETPs after a prolonged battle. The recent decision represents the SEC’s second major step regarding crypto Exchange-Traded Products,

3 minutes

carlp • May 23, 2024, 11:35 am EDT

Trump Campaign to Accept Cryptocurrency Donations

Donald Trump has become the first major party candidate to accept cryptocurrency donations for his 2024 presidential campaign. While other candidates like RFK Jr. and Vivek Ramaswamy have embraced crypto, Trump is the first major party candidate to do so, marking a significant shift in the political landscape. Crypto Becomes a Hot Topic in the 2024 Presidential Race Bitcoin and cryptocurrency have emerged as pivotal issues in the 2024 U.S. Presidential race. The current administration has taken a stringent stance against the industry, with efforts to label crypto users as criminals. Leading Democratic Senators, such as Elizabeth Warren, have openly

3 minutes