Jack Mallers, Cynthia Lummis' '2024 BTC Act' Cited
"Trump Starts Collecting BTC to Protect the Dollar"... Emphasizes Impact
BTC Breaks $100,000 on the 16th, Continues to Set New All-Time Highs
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Jack Mallers, CEO of mobile payment app Strike, appeared on a YouTube podcast on the 16th and mentioned that President-elect Trump will start collecting at the government level based on the bill introduced in the U.S. Congress.
Jack Mallers is the person who developed the Lightning Network, a new technology that solved the weaknesses of in 2021, and contributed to the Salvadoran government's adoption of as legal tender.
The bill Mallers referred to is the '2024 Act' proposed by Congresswoman Cynthia Lummis in July this year. The 2024 Act stipulates that the U.S. Treasury and the Federal Reserve will collect 200,000 per year for a total of 1 million over 5 years.
Mallers said, "President-elect Trump can start collecting on the first day of his inauguration based on the collection bill to protect the dollar," and "what is important is the meaning of this action beyond the U.S. government's collection."
On the 13th, President-elect Trump attended the opening ceremony of the New York Stock Exchange (NYSE) and told CNBC in an interview, "We will do great things with cryptocurrencies" and "We do not want other challengers, including China, to adopt cryptocurrencies, and the U.S. will take the lead in cryptocurrencies."
broke through $104,000 on the morning of the 16th and is currently trading around $105,000. As of 9 a.m. on the 16th, based on CoinMarketCap, is recorded at $105,012.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
