Trump signs executive order establishing U.S. strategic bitcoin reserve
- Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve, which includes digital currency seized in US criminal proceedings.
- Trump's advisor David Sacks stated the order fulfilled a campaign promise, emphasizing crypto's importance to Trump's coalition.
- Treasury Secretary Scott Bessent noted that stablecoins would help maintain US dollar dominance in a multipolar world, stressing the risks of using crypto.
- Trump hosted significant crypto industry figures at the White House to create policies that support crypto growth and legitimacy in the industry.
403 Articles
403 Articles
'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 …
Trump, Bitcoin, and the Future of the Dollar | by Carla Norrlöf - Project Syndicate
By launching new trade wars and ordering the creation of a Bitcoin reserve, Donald Trump is assuming that US trade partners will pay any price to maintain access to the American market. But if he is wrong about that, the dominance of the US dollar, and all the advantages it confers, could be lost indefinitely.
The Real Reason Trump Backs Crypto
‘Bitcoin, it just seems like a scam,” remarked Donald Trump back in 2021. Yet Trump went on to run for president again on a pro-crypto platform, promising attendees of the 2024 Bitcoin conference in Nashville that he would make America “the crypto capital of the planet.” Since taking office, Trump has been the most pro-crypto president to date. Upon taking office, he appointed the tech investor David Sacks as his “crypto czar,” and last week, th…
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