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Anthony Pompliano Offers Trump Three Ways to Integrate Bitcoin into the Economy

Anthony Pompliano Offers Trump Anthony Pompliano - founder of Pomp Investments

Pompliano's Plan: 3 Steps for Trump to Boost Bitcoin Integration

A Blueprint for Bitcoin's Role in the U.S. Economy

Anthony Pompliano, founder of Pomp Investments, has outlined a three-step plan for President-elect Donald Trump's administration to integrate Bitcoin into the U.S. economy more effectively. By addressing regulatory, strategic, and tax-related challenges, Pompliano believes the government can unlock Bitcoin's full potential as a transformative asset.

1. Repeal SAB-121 Accounting Regulation

Pompliano's first recommendation is to repeal SAB-121, a controversial accounting rule introduced by the SEC. This regulation requires companies holding cryptocurrencies to classify them as liabilities on their balance sheets, discouraging institutions—especially banks—from holding Bitcoin.

"If you're a bank, you don't want to hold an asset that's classified as a liability," Pompliano stated. He emphasized that repealing SAB-121 would encourage banks to hold Bitcoin, making it a safer and more attractive option for institutional clients. This move would pave the way for broader adoption by large legal entities, enhancing Bitcoin's legitimacy in the financial system.

2. Create a Strategic Bitcoin Reserve

Pompliano also urged the U.S. government to create a strategic Bitcoin reserve and actively acquire more Bitcoin for the federal balance sheet. While the government already holds approximately $200,000 worth of crypto assets, Pompliano argued that this amount is insufficient for a long-term economic strategy.

"Bitcoin is a long-term economic asset," Pompliano explained. A strategic reserve would not only strengthen the government's financial position but also signal confidence in Bitcoin's role as a store of value and hedge against inflation.

3. Reclassify Bitcoin as a Currency

The final step in Pompliano's plan is to reclassify Bitcoin as a currency, exempting cryptocurrency transactions from capital gains tax. Currently, Bitcoin transactions are subject to tax, which hinders its use for everyday payments.

"This is crazy. You don't do this with dollars," Pompliano remarked, highlighting the inconsistency in how Bitcoin is treated compared to fiat currencies. Reclassifying Bitcoin as a currency would facilitate its use in commerce, making it more accessible as a payment method and integrating it seamlessly into the economy.

Potential Impact on Bitcoin's Value

Pompliano is confident that implementing these changes would significantly boost Bitcoin value. By removing barriers to institutional adoption, building a federal Bitcoin reserve, and simplifying everyday use, the government could create an environment where Bitcoin thrives.

"If Trump can do these three things, Bitcoin will be much higher," Pompliano concluded.

A Vision for Bitcoin's Future in the U.S.

Pompliano's proposals highlight Bitcoin's potential to reshape the financial landscape. His call for regulatory reform, strategic investment, and tax policy adjustments reflects a comprehensive approach to integrating Bitcoin into the mainstream economy. If adopted, these measures could position the U.S. as a global leader in cryptocurrency adoption and innovation.

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