A groundbreaking Dogge investigation has catalyzed a more intense debate over several financial sectors after Elon Musk went to the surfaces on Fort Knox’s $ 425 billion gold warehouse. The Department of the Government’s efficiency (Dogge) has designed a comprehensive review to verify whether Fort Knox actually maintains its reported 4580 tonnes of gold and revolutionizes traditional tax chamber monitoring.
Surely it is reviewed at least every year?
– Elon Musk (@elon musk) February 15, 2025
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How Elon Musk’s Dogge investigation can affect Fort Knox’s gold reserves
Political response and bitcoin options
Senator Rand Paul said:
“No. Let’s do it ”
Senator Cynthia Lummis had this to say:
“Bitcoin fixes this. A bitcoin reserve can be reviewed at any time around the clock with a basic computer. It’s time to upgrade our reserves. “
Bitcoin fixes this.
A bitcoin reserve can be reviewed at any time around the clock with a basic computer.
It’s time to upgrade our reserves. https://t.co/via9fujtg4
– Senator Cynthia Lummis (@senlummis) February 16, 2025
Bitcoin Act initiative
This important DODE investigation comes after Senator Lummis created the groundbreaking bitcoin lawwhich aims to create a strategic reserve formed by 1 million bitcoins, which would be optimizing a huge amount of 5% of the total BTC offering. The initiative distributes Secure Bitcoin Vaults, which is run through some sophisticated state protocols. This would use the existing Federal Reserve and Treasury Resources.
How states use and their own gold
Several large states have pointed their own Cryptocurrency initiatives while Fort Knox discussions continue at federal level. Pennsylvania, Texas, Wyoming, Arizona and Wisconsin have designed innovative state-based Bitcoin reserve strategies and catalyzes significant momentum for Cryptocurrency’s assumption in various state sectors.
Treasury has exploited its existing 200,000 BTC holdings, primarily acquired through strategic assets coordinated by US marshaler. According to the groundbreaking Bitcoin Act, these digital assets would be integrated into state operations, which is groundbreaking a new era of national cryptocurrency reserves.
The current position of the Treasury
An important inspection by Fort Knox was conducted in 2017 during the Ministry of Finance Steve Mnuchin’s visit. The plant had remained sealed since 1974, when selected journalists and legislators were given outstanding asset after widespread concerns about missing gold. Vault’s sophisticated security architecture requires several authorized staff for access and presents ongoing challenges for extensive verification.
Senator Lummis also said about gold reserves, said:
“A Bitcoin reserve can be reviewed at any time around the clock with a basic computer. It’s time to upgrade our reserves. “
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