Trump has signed an Executive Order to establish a Strategic Bitcoin Reserve
The reserve will be funded with Bitcoin owned by the federal government, obtained through criminal or civil asset forfeiture proceedings.The U.S. will not sell any Bitcoin deposited into the reserve.The secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional Bitcoin.The executive order creates a U.S. digital asset stockpile.The government will not acquire additional assets for the stockpile beyond those obtained through forfeiture proceedings.Those details indicate it's a 'stockpile' rather than reserve. The cyrpto kids argue that a 'reserve' would mean government purchases of crypto, vs. a stockpile which implies crypto being held that is acquired via situations such as above, "through criminal or civil asset forfeiture proceedings."
Another disappointment from Trump, this time for his crypto-base.
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