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Trump signs executive order establishing U.S. strategic bitcoin reserve

Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve, composed of digital currency seized in US criminal proceedings, as part of his promise to make the US the 'crypto capital of the world.'
The reserve aims to avoid costing taxpayers by using forfeited assets and will include a U.S. Digital Asset Stockpile with other cryptocurrencies.
David Sacks stated that the reserve will act as 'a digital Fort Knox for cryptocurrency' without costing taxpayers.
The U.S. Government holds around 200,000 BTC, and the reserve aims to position the U.S. As the 'crypto capital of the world.

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MyCentralOregon.com

+7 Reposted by 7 other sources

White House crypto czar says public has 'lost out on over $17 billion' in bitcoin value

Photo by Andrew Harnik/Getty Images (WASHINGTON) — David Sacks, the White House crypto czar, said Friday that taxpayers have lost out on “over $17 billion of value” because earlier administrations never took advantage of bitcoin already in the U.S. government’s possession. “Over the past decade or so, the federal government has come into the possession of roughly 400,000 bitcoin through civil or criminal asset forfeitures,” Sacks said in an inte…

2 days ago

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The Register

Trump signs Bitcoin Reserve order, crypto dips in value

With no allowance to sell and little room to buy, and markets on the slide, it's UB40 time: Red, red, whine

2 days ago

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The National Pulse

President Trump Establishes Crypto Reserve to ‘Make America the Bitcoin Superpower of the World.’

President Donald J. Trump and his White House economic team have laid out key details of his plan to establish a national Bitcoin reserve amid the increasingly popular use of cryptocurrencies worldwide. Late Thursday, President Trump signed an executive order creating a federal government reserve of Bitcoin with the goal of retaining an estimated 200,000—mainly sourced through cryptocurrency assets already seized by federal agencies in criminal …

2 days ago

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Inquirer

Trump signs EO establishing 'Strategic Bitcoin Reserve'

New York, United States — US President Donald Trump signed an executive order Thursday establishing a “Strategic Bitcoin Reserve,” forcefully endorsing a currency once shunned as a tool for money launderers. The government stockpile, which backers liken to a “digital Fort Knox,” will be composed of digital currency seized in US criminal proceedings, said David

2 days ago·Manila, Philippines

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merkur.de

+4 Reposted by 4 other sources

Trump fulfils election promise: Setting up a Bitcoin Reserve

US President Trump founds a Bitcoin reserve. The response of crypto investors remains subdued. Bitcoin rate fell after initial euphoria.

2 days ago

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Daily Kos

Crypto bros are the latest to be screwed by Trump

There is a strong correlation between Elon Musk, President Donald Trump, and crypto bros. So you could imagine the bros’ elation on Thursday when Trump announced a national “ bitcoin reserve ,”

2 days ago·United States

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