What Do Trump’s Bitcoin Reserve and Digital Asset Stockpile Mean for New Crypto?
Yesterday, Donald Trump signed the strategic Bitcoin reserve executive order – to Michael Saylor’s delight and altcoin investors’ dismay. White House Crypto Czar David Sacks highlights that no taxpayer dollars will go toward the reserve. The entirety of $BTC in it, worth about $17B at the current price, was seized from criminals. This makes the […]
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Yesterday, U.S. President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve alongside a U.S. Digital Asset Stockpile. This move separates Bitcoin ($BTC) from other cryptocurrencies, positioning it in a distinct category while other digital assets will form the broader national stockpile. The $BTC in the reserve will come from Bitcoins forfeited by […]
It may not have made it into the crypto reserve – as per US President Donald Trump’s executive order, that honor went to Bitcoin alone – but made-in-the-USA altcoin Ripple ($XRP) did make it into the US Digital Assets Stockpile. And only a few days ago, when Trump first tweeted the idea of a crypto […]
US President Donald Trump signed an executive order on March 7 establishing a Strategic Bitcoin Reserve (SBR) and a “Digital Asset Stockpile.” Both will initially be capitalized with cryptocurrency seized via government criminal and civil forfeiture proceedings, with future acquisitions possible under budget-neutral conditions. Moments after the news went public, BTC’s price slipped from roughly […]
The first-ever White House Crypto Summit takes place today, Friday, March 7. A bevy of industry powerplayers are participating, and while the agenda has yet to be announced, the conversation will undoubtedly include the national crypto reserve, the Digital Asset Stockpile, and other pro-crypto policies. Trump has come a long way in his crypto journey, from crypto skeptic to now pledging to make the US the ‘crypto capital of the world’. The executive order and summit meeting are good first steps in this direction. As sentiment around crypto rises in the US, could new crypto projects like....
Crypto advocacy group Blockchain Association has reached out to US President-elect Donald Trump and the newly elected US Congress on ways to create a favorable regulatory environment for the digital asset industry. Related Reading: Strategic Bitcoin Reserve Possible Within Trump’s First 100 Days, Says Insider Trump’s Ideal Crypto Priorities For First 100 Days: Blockchain Association […]