President Donald Trump has signed an executive order to create a Strategic Bitcoin Reserve, using bitcoin that the government has already seized. This decision comes ahead of a meeting with cryptocurrency leaders and has disappointed investors who were hoping for new federal purchases of digital assets. Following the announcement, the price of bitcoin dropped by ...
President Donald Trump has initiated a strategic bitcoin reserve and a separate stockpile for other digital assets as part of his commitment to the cryptocurrency industry. This bitcoin reserve will utilize assets seized from criminal cases, which means it won’t cost taxpayers anything. Trump’s crypto advisor, David Sacks, emphasized that the U.S. government owns around ...
Cryptocurrencies took a hit after President Donald Trump established a U.S. strategic bitcoin reserve through an executive order. Bitcoin fell 3%, trading around $87,586 after dropping as low as $84,688. Other cryptocurrencies like Ether and XRP also experienced declines. The reserve will consist of bitcoins seized from past law enforcement actions, with the U.S. government ...
President Donald Trump has announced the establishment of a Strategic Bitcoin Reserve through an executive order, a significant shift in U.S. digital asset policy. This reserve will be funded by bitcoin obtained from criminal and civil forfeitures, ensuring no cost to taxpayers. The order also calls for a thorough assessment of federal digital asset holdings ...
On January 23, 2025, President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve, fundamentally changing U.S. digital asset policy. This reserve will be funded by bitcoin seized from criminal cases, ensuring no cost to taxpayers. The U.S. government reportedly controls around 200,000 bitcoins, and the order aims to account for these ...
On March 7, US President Donald Trump plans to sign an executive order to establish a “Strategic Bitcoin Reserve” aimed at increasing the government’s Bitcoin holdings. This initiative comes during the White House Crypto Summit, where various options for crypto-related executive actions are being discussed. The reserve could allow the US to buy more Bitcoin ...
As you consider taking a break from trading this weekend, it might be wise to reconsider. A recent analysis from STS Digital predicts that the upcoming White House crypto summit on Friday could spark significant Market activity. President Trump is set to host major crypto leaders, including representatives from Coinbase and Chainlink, potentially announcing a ...
China is reportedly intensifying efforts to create a strategic Bitcoin reserve as the US navigates new cryptocurrency regulations. This initiative coincides with the Chinese government’s past sale of 194,000 Bitcoin that were seized from the PlusToken scam, highlighting a complex approach to digital currencies. Despite maintaining a ban on domestic crypto trading since 2021, Beijing’s ...
China is reportedly fast-tracking its efforts to form a strategic Bitcoin reserve in response to changing cryptocurrency regulations in the US. The country had previously maintained a ban on domestic cryptocurrency trading and mining since 2021, but now aims to utilize Bitcoin as a decentralized asset. There are claims that China sold 194,000 Bitcoin that ...
Senator Cynthia Lummis is set to meet with industry leaders on March 11 to discuss a proposed US Bitcoin reserve initiative, according to Bitwise CEO Hunter Horsley. This discussion comes as the regulatory environment for digital assets in the US becomes more favorable, paving the way for increased Bitcoin investments in the first quarter of ...
