Even the Government Gets Robbed: Why the US Needs Bitcoin Custody Standards | BPH Ep 44

🎬 Even the Government Gets Robbed: Why the US Needs Bitcoin Custody Standards | BPH Ep 44
The government keeps getting robbed of its own Bitcoin and a new bill wants to fix that. The BPI team breaks down the American Reserve Modernization Act (ARMA): what it would do for Treasury custody standards, why it has Democratic co-sponsors, and why they're bullish it could pass the House. They also cover the wave of digital-asset departures shaking up DC, from Hester Peirce to Paul Grewal. They also cover Kimi K3, China's open-source push, and the data center fight.
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➤ The American Reserve Modernization Act (ARMA) aims to establish statutory authority and custody standards for the US government to hold Bitcoin, addressing concerns about security and transparency following a recent theft of seized assets.
➤ The discussion also delves into the rapid advancements in open-source AI models from China (like Kimi K3) and the potential geopolitical and regulatory implications for the US, including debates on open-source versus proprietary models and potential restrictions on Chinese AI.
➤ Broader themes include growing opposition to data center development in the US, seen as a proxy for anxieties about AI's societal impact, and the observation that many crypto policy professionals are departing DC due to perceived stagnation in legislative progress.

#Bitcoin #ARMA #US Treasury #custody standards #AI policy #China AI #data centers #open source AI

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