Chancellor Barnett

Founder @JewelBermuda. Systems Thinker. Ocean Lover. Founder Crowdfunder. FinTech Policy.

[Chancellor Barnett @chancebar]

Strategic Bitcoin Reserve

[David Sacks @davidsacks47]

Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.

The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime.

It is estimated that the U.S. government owns about 200,000 bitcoin; however, there has never been a complete audit. The E.O. directs a full accounting of the federal government’s digital asset holdings.

The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called “digital gold.”

Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings.

The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers.

IN ADDITION, the Executive Order establishes a U.S. Digital Asset Stockpile, consisting of digital assets other than bitcoin forfeited in criminal or civil proceedings.

The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings.

The purpose of the Stockpile is responsible stewardship of the government’s digital assets under the Treasury Department.

PROMISES MADE, PROMISES KEPT

President Trump promised to create a Strategic Bitcoin Reserve and Digital Asset Stockpile. Those promises have been kept.

This Executive Order underscores President Trump’s commitment to making the U.S. the “crypto capital of the world.”

I want to thank the President for his leadership and vision in supporting this cutting-edge technology and for his rapid execution in supporting the digital asset industry. His administration is truly moving at “tech speed.”

I also want to thank the President’s Working Group on Digital Asset Markets — especially Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick — for their help and support in getting this done. Finally Bo Hines played a critical role as Executive Director of our Working Group.

[Chancellor Barnett @chancebar]

@elonmusk *Buys largest global platform for sale

*Posts incessantly for one political side / candidate

[CALL TO ACTIVISM @CalltoActivism]

Here is George Clooney response after Trump accused him of being a "Hollywood elite."

"Here’s the thing: I grew up in Kentucky. I sold insurance door-to-door. I sold ladies’ shoes. I worked at an all-night liquor store. I would buy suits that were too big and too long and cut the bottom of the pants off to make ties so I’d have a tie to go on job interviews. I grew up understanding what it was like to not have health insurance for eight years.

So this idea that I’m somehow the “Hollywood elite” and this guy who takes a shit in a gold toilet is somehow the man of the people is laughable.

People in Hollywood, for the most part, are people from the Midwest who moved to Hollywood to have a career. So this idea of “coastal elites” living in a bubble is ridiculous. Who lives in a bigger bubble?

He lives in a gold tower and has twelve people in his company. He doesn’t run a corporation of hundreds of thousands of people he employs and takes care of. He ran a company of twelve people!

When you direct a film you have seven different unions all wanting different things, you have to find consensus with all of them, and you have to get them moving in the same direction.

He’s never had to do any of that kind of stuff. I just look at it and I laugh when I see him say “Hollywood elite.” Hollywood elite? I don’t have a star on Hollywood Boulevard, Donald Trump has a star on Hollywood Boulevard! Fuck you!"

- George Clooney

actor, philanthropist, humanitarian & activist

[Chancellor Barnett @chancebar]

It’s all fun and games until Microsoft Outlook and Teams #startups

[Chancellor Barnett @chancebar]

@LynAldenContact 😂 yes

[Chancellor Barnett @chancebar]

@0xMarcB @0xPolygonLabs @Fwiz Congrats Marc! Looking forward to our collaboration as @JewelBermuda issues our bank stablecoin for real time settlement on @0xPolygonLabs https://t.co/q7wUwwJ3Q5

[Chancellor Barnett @chancebar]

Ready to rumble! We have some incredible product and client momentum at Jewel Bank @JewelBermuda. Excited for future announcements when we can share soon #banking #stablecoins

[Chancellor Barnett @chancebar]

Founders: it’s key recognize which investors have actual insight and conviction with you, and which don’t. Also, ask investors for recent deals & founder references. The wrong investors can waste your time. Great startups (and investors) are the scarce commodity, not money 🙌

[Chancellor Barnett @chancebar]

@CollinRugg @TuckerCarlson You parroting everything Tucker says - hook, line, and sinker - is why you’re not credible or to be trusted. I’ll admit you can seem convincing to the lazy who won’t seek and read elsewhere. Which is part of how it’s obvious to not take you seriously.

[Chancellor Barnett @chancebar]

@lopp Too good 🤣

[Chancellor Barnett @chancebar]

@nnevvinn @JewelBermuda Excited for this and sharing our differing approaches to Stablecoins but well-aligned missions 🤘

[Reserve 🌐 @reserveprotocol]

As the world of crypto is going through rapid changes in banking, regulations and payments, what will the future of stablecoins look like?

Dive into this topic with @nnevvinn (co-founder Reserve) & @chancebar (founder Jewel Bank) at #Consensus2023 ⬇️

https://t.co/OcSxm7u7G4

[Chancellor Barnett @chancebar]

At #Consensus? Join me @nnevvinn CoFounder of @reserveprotocol on Friday: The Future of Stablecoins in a Changing Landscape #stablecoins https://t.co/U7IFo9DbDR

[Chancellor Barnett @chancebar]

Excited as Bermuda continues to execute and attract top tier firms like @coinbase under the leadership of @BermudaPremier - congrats on this and the many more to come. We appreciate it here at @JewelBermuda

[💎 Jewel Bank @JewelBermuda]

We're thrilled to see @coinbase choose Bermuda and congratulate @BermudaPremier and his team for their continued work and success developing Bermuda as the choice for well regulated and compliant firms looking to do business with regulatory clarity https://t.co/H3Klqs0evx

[Chancellor Barnett @chancebar]

Excited for this with Nevin from Reserve as we bring different approaches to stablecoins but see the world in much the same way

[💎 Jewel Bank @JewelBermuda]

Join us @ #Consensus2023 by @CoinDesk on Fri 3pm as Jewel Bank Founder & Chairman @chancebar and @reserveprotocol cofounder @nnevvinn discuss the future of #stablecoins https://t.co/3pHY3PtozM

[Chancellor Barnett @chancebar]

@BitcoinNewsCom Nations are destabilizing themselves on their own account. Bitcoin is a safe haven, and if having a fixed supply and self sovereign internet native digital currency auditable by code destabilizes a nation and its currency, then these were never stable to begin with ✌️

[Chancellor Barnett @chancebar]

@emaad_is @nic_carter I think this might be right and play a part in the SEC action. Plus, it was just BUSD in the action, not any other Paxos issued stablecoins

[Chancellor Barnett @chancebar]

@dotkrueger Possibly

[Chancellor Barnett @chancebar]

Popcorners just won the Suoer Bowl commercial battle with their Break Bad riff #SuperBowl

[Chancellor Barnett @chancebar]

@CoinDesk @michaeldowling Our post aged incredibly well as we see regulators and JP Morgan beginning to understand how Bank-Issued stablecoins for “tokenized deposits,” instead of a USD derivative stable, will win much of the future payments use cases https://t.co/GJFWoWINlo