Trump signs executive order establishing U.S. strategic bitcoin reserve
- President Donald Trump has signed an executive order to create a strategic cryptocurrency reserve containing 198,000 bitcoins, valued at approximately $17 billion.
- David Sacks, White House crypto czar, stated that the reserve will not cost taxpayers anything and will serve as a store of value.
- The establishment of the reserve marks a significant step for bitcoin toward mainstream acceptance, according to sources.
- Many individuals, especially crypto entrepreneurs, are seeking pardons from Trump amidst a changing political landscape.
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'White collar defendants' and crypto entrepreneurs 'cast themselves as victims' in bid for Trump’s mercy
Since taking office, President Donald Trump has pardoned and granted clemency to many high profile individuals — and "potential petitioners have taken notice," Politico reports.Per Politico, "white-collar defendants [are] jolting to attention" and "casting themselves as victims of a crooked justice system" in a bid for Trump's lenience.“A Democratic District of Columbia Council member facing federal bribery charges has lavished public praise on …
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