Jim Cramer's Bitcoin Claim Debunked: No Legal Framework for US Government Purchase

CoinDesk has refuted Jim Cramer's assertion that the U.S. government would purchase Bitcoin at $60,000. According to NS3.AI, there is currently no legal framework that permits such an action. Establishing a government Bitcoin reserve would necessitate congressional legislation, which is not present in any proposed bills. The federal government's Bitcoin holdings are primarily derived from criminal seizures, while certain state governments are contemplating legislation to maintain BTC reserves.