Moish Peltz Quoted in CoinDesk Article on Strategic Bitcoin Reserve

FRB Partner Moish E. Peltz, co-chair of the firm's Digital Assets Practice Group, was quoted in the CoinDesk article “Can a Strategic Bitcoin Reserve Move Forward Without Congress? Experts Disagree,” discussing the potential for the U.S. government to establish a Strategic Bitcoin Reserve, including by using as a starting point the significant digital assets which the U.S. government already possesses (largely as part of asset seizures). 

“[The government’s] existing experience with the seizure and custody of large amounts of Bitcoin demonstrates competency and makes it easy to imagine from a technical perspective a relatively low level of difficulty in establishing a strategic reserve," Moish explained. "Over time, this could evolve into a more significant stance as regulatory clarity improves, legislation is enacted (and implemented), and the government develops a more comprehensive digital asset strategy.” 

Moish was also quoted in the article’s discussion of the legislative proposal from Senator Cynthia Lummis, which calls for the government to purchase over one million bitcoin financed by the sale of a portion of its gold reserves, establishing a reserve akin to the U.S. Strategic Petroleum Reserve. Moish acknowledged that new initiatives like this would likely require substantial financial commitments and legislation from Congress. 

To read the full article with Moish’s thoughts on the evolving role of Bitcoin and other cryptocurrencies in U.S. policy, click here. 

Falcon Rappaport & Berkman remains at the forefront of emerging technologies and digital assets and offers comprehensive legal guidance to businesses navigating the evolving regulatory landscape. If you have any questions related to emerging technologies and digital assets, please contact Moish Peltz at mpeltz@frblaw.com or submit the form below.