Binance Square

德克萨斯州比特币战略储备法案

1.3M views
908 Discussing
美国德克萨斯州比特币战略储备法案SB21在参议院获得通过。该法案拟允许该州将部分公共资金投入数字资产,包括比特币。美国各州比特币储备法案进展如何?哪些州会率先完成立法,将比特币纳入财政储备?
Binance News
--
See original
Texas Passes Bill Allowing Public Funds to Invest in BitcoinAccording to Foresight News, the Bitcoin Strategic Reserve Bill SB 21 has passed in the Senate of Texas. The bill aims to allow the state to invest a portion of public funds into digital assets, including Bitcoin.

Texas Passes Bill Allowing Public Funds to Invest in Bitcoin

According to Foresight News, the Bitcoin Strategic Reserve Bill SB 21 has passed in the Senate of Texas. The bill aims to allow the state to invest a portion of public funds into digital assets, including Bitcoin.
See original
Latest Market Evening Report: DOGE Dogecoin price reaches $0.20524 per coin, with a daily increase of 3.51% Coin World reports: Data from BOSS Wallet, today's market news for Dogecoin, the latest price of DOGE Dogecoin: $0.20524, 24-hour decline of -2.494%, trading volume $1.607 billion According to the analysis of the candlestick chart, there is currently an upward trend. Compared to 08:00, there has been a significant increase, and there is a recovery compared to 01:00, breaking through the high point of 09:00. When prices rise while trading volume declines, it typically indicates that the market's upward momentum is weakening, and the number of buyers is decreasing. This divergence phenomenon between volume and price is often due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it is difficult for prices to sustain their rise, and caution should be exercised regarding the risk of high-level pullbacks. Investors should pay attention to whether trading volume can accompany price increases and whether new buying pressure enters the market. Recently, trading volume has decreased, and the momentum of price increases has weakened. The Williams indicator shows that it is now an overbought situation. Recently, trading volume has decreased; trading volume has dropped compared to previous hours, while prices have risen and volume has decreased: upward momentum is weakening. Market upward momentum is weakening; it is recommended to reduce positions or wait and see, be cautious of pullback risks, and pay attention to changes in trading volume. #德克萨斯州比特币战略储备法案 #加密市场回调 #白宫首届加密货币峰会 #DOGE
Latest Market Evening Report: DOGE Dogecoin price reaches $0.20524 per coin, with a daily increase of 3.51%
Coin World reports: Data from BOSS Wallet, today's market news for Dogecoin, the latest price of DOGE Dogecoin: $0.20524, 24-hour decline of -2.494%, trading volume $1.607 billion
According to the analysis of the candlestick chart, there is currently an upward trend. Compared to 08:00, there has been a significant increase, and there is a recovery compared to 01:00, breaking through the high point of 09:00. When prices rise while trading volume declines, it typically indicates that the market's upward momentum is weakening, and the number of buyers is decreasing.
This divergence phenomenon between volume and price is often due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it is difficult for prices to sustain their rise, and caution should be exercised regarding the risk of high-level pullbacks. Investors should pay attention to whether trading volume can accompany price increases and whether new buying pressure enters the market.
Recently, trading volume has decreased, and the momentum of price increases has weakened. The Williams indicator shows that it is now an overbought situation. Recently, trading volume has decreased; trading volume has dropped compared to previous hours, while prices have risen and volume has decreased: upward momentum is weakening.
Market upward momentum is weakening; it is recommended to reduce positions or wait and see, be cautious of pullback risks, and pay attention to changes in trading volume. #德克萨斯州比特币战略储备法案 #加密市场回调 #白宫首届加密货币峰会 #DOGE
See original
The whole world is just a huge chaotic stage...The entire cryptocurrency market is waiting for the results of Trump's cryptocurrency summit. Unless something unexpected happens, there will be a wave of positive news released. But this wave of good news may be a good opportunity to reduce leverage. When the expectations of the entire market are aligned, the market often moves in the opposite direction. If we say the market can just take off from here, I think the possibility is low. This current oscillation range is expected to continue for a while. Only after the market has sufficiently exchanged chips at this position and consolidated can it rise, which would be the healthiest trend. If this position soars, there will undoubtedly be a subsequent sharp decline.

The whole world is just a huge chaotic stage...

The entire cryptocurrency market is waiting for the results of Trump's cryptocurrency summit.
Unless something unexpected happens, there will be a wave of positive news released.
But this wave of good news may be a good opportunity to reduce leverage.
When the expectations of the entire market are aligned, the market often moves in the opposite direction.
If we say the market can just take off from here, I think the possibility is low.
This current oscillation range is expected to continue for a while. Only after the market has sufficiently exchanged chips at this position and consolidated can it rise, which would be the healthiest trend.
If this position soars, there will undoubtedly be a subsequent sharp decline.
See original
On the morning of March 7, Eastern Time, Trump officially signed the executive order, causing Bitcoin to flash crash!! Trump deploys the "only hoard, not sell" tactic!Core event: The U.S. government has included 200,000 seized Bitcoins (worth about $18 billion) in its strategic reserves, clearly stating "not spending a penny to increase holdings, not selling any inventory." This landmark decision caused Bitcoin to plummet over 5% within an hour, bewildering the crypto circle. Why has the epic positive news turned into "negative news"? Key contradiction point: ① Expectation gap: The market previously speculated that the government might actively increase Bitcoin holdings, but the final policy was only to "seal existing forfeited assets"; ② Liquidity anxiety: The executive order clearly states that the Treasury only obtains new coins through confiscation, cutting off the channel for incremental funds to enter;

On the morning of March 7, Eastern Time, Trump officially signed the executive order, causing Bitcoin to flash crash!! Trump deploys the "only hoard, not sell" tactic!

Core event:
The U.S. government has included 200,000 seized Bitcoins (worth about $18 billion) in its strategic reserves, clearly stating "not spending a penny to increase holdings, not selling any inventory." This landmark decision caused Bitcoin to plummet over 5% within an hour, bewildering the crypto circle.

Why has the epic positive news turned into "negative news"?
Key contradiction point:
① Expectation gap: The market previously speculated that the government might actively increase Bitcoin holdings, but the final policy was only to "seal existing forfeited assets";
② Liquidity anxiety: The executive order clearly states that the Treasury only obtains new coins through confiscation, cutting off the channel for incremental funds to enter;
See original
White House Crypto Summit: A "dud" event with high expectations!The thunder was much ado about nothing and the market reaction was lukewarm. Everyone was expecting this summit to bring something new, but it turned out to be a big disappointment. Trump proposed a new idea at the meeting, saying that he wanted to build a US digital asset library to store cryptocurrencies. It sounds very high-sounding, but when you ask carefully, there is no implementation plan or timetable, it is just empty talk! Then US Treasury Secretary Scott Bessent also joined in the fun, saying that the government would no longer crack down on crypto assets. This sounds quite lenient, but when asked about specific policies, there were no details and it was impossible to point out the direction for the market.

White House Crypto Summit: A "dud" event with high expectations!

The thunder was much ado about nothing and the market reaction was lukewarm.
Everyone was expecting this summit to bring something new, but it turned out to be a big disappointment. Trump proposed a new idea at the meeting, saying that he wanted to build a US digital asset library to store cryptocurrencies. It sounds very high-sounding, but when you ask carefully, there is no implementation plan or timetable, it is just empty talk!
Then US Treasury Secretary Scott Bessent also joined in the fun, saying that the government would no longer crack down on crypto assets. This sounds quite lenient, but when asked about specific policies, there were no details and it was impossible to point out the direction for the market.
--
Bullish
See original
Why can’t you ever earn, while they can lay back and count money?01. The essence of easy money is 'credit premium' • The value of credit: Tether (the issuer of USDT) earns hundreds of billions of RMB annually through credit endorsement; asset management giants like Grayscale and BlackRock charge high management fees by leveraging trust relationships. • Trust as a moat: Successful enterprises and institutions gain market recognition and premiums through long-term accumulated trust, such as banks and Moutai. 02. Qualifications are scarcer than abilities • The importance of industry barriers: Early Bitcoin miners accumulated computing power advantages through intense competition, making it difficult for later entrants to enter. • The value of trust capital: Successful individuals like Sun Ge and CZ have gained industry recognition and resources based on years of accumulated credibility.

Why can’t you ever earn, while they can lay back and count money?

01. The essence of easy money is 'credit premium'
• The value of credit: Tether (the issuer of USDT) earns hundreds of billions of RMB annually through credit endorsement; asset management giants like Grayscale and BlackRock charge high management fees by leveraging trust relationships.
• Trust as a moat: Successful enterprises and institutions gain market recognition and premiums through long-term accumulated trust, such as banks and Moutai.
02. Qualifications are scarcer than abilities
• The importance of industry barriers: Early Bitcoin miners accumulated computing power advantages through intense competition, making it difficult for later entrants to enter.
• The value of trust capital: Successful individuals like Sun Ge and CZ have gained industry recognition and resources based on years of accumulated credibility.
See original
Trump Signs Executive Order on Crypto Reserves, Market in an Uproar: Is This a Penny Pinching?Special topic: Trump orders the establishment of Bitcoin reserves; the White House cryptocurrency summit holds its first session. On Friday, the U.S. will hold a cryptocurrency summit at the White House, attracting global attention. On the eve of the summit, U.S. President Trump signed an executive order to establish a Bitcoin strategic reserve. However, this should have been positive news that triggered a significant drop in Bitcoin. On Thursday evening Eastern Time, the price of Bitcoin fell by 5% to the $85,000 range, and then slowly rebounded. An important reason for the market's dissatisfaction with the Bitcoin strategic reserve is that the Bitcoin within this reserve will be entirely composed of Bitcoin seized by the U.S. government from criminal and civil cases. This means the U.S. government will not purchase any additional Bitcoin.

Trump Signs Executive Order on Crypto Reserves, Market in an Uproar: Is This a Penny Pinching?

Special topic: Trump orders the establishment of Bitcoin reserves; the White House cryptocurrency summit holds its first session.

On Friday, the U.S. will hold a cryptocurrency summit at the White House, attracting global attention. On the eve of the summit, U.S. President Trump signed an executive order to establish a Bitcoin strategic reserve.



However, this should have been positive news that triggered a significant drop in Bitcoin. On Thursday evening Eastern Time, the price of Bitcoin fell by 5% to the $85,000 range, and then slowly rebounded.
An important reason for the market's dissatisfaction with the Bitcoin strategic reserve is that the Bitcoin within this reserve will be entirely composed of Bitcoin seized by the U.S. government from criminal and civil cases. This means the U.S. government will not purchase any additional Bitcoin.
See original
In 2025, the newly released cryptocurrencies increased 12 times, will the altcoin season be delayed? In January, the issuance of new cryptocurrencies reached a record high, and analysts expressed concerns about insufficient liquidity for market investors. According to data, over 600,000 new cryptocurrencies were launched in January, a 12-fold increase compared to the same period in 2024. Ong wrote in an X post on February 14: "Approximately 50,000 new tokens were minted each month from 2022 to 2023." "Fast forward to the fourth quarter of 2024, we see an addition of 400,000 tokens each month, and in January 2025, we even set a record of 600,000 new tokens per month!" he added. As a result, the wide variety of tokens today has diluted liquidity and investors' attention, leading to more chaotic price movements. Due to weak liquidity in the crypto market, many more mature altcoins also lack the momentum to recover to their 2021 peaks. Analysts predict that the increase in the number of cryptocurrencies, leading to token dilution, may delay the altcoin season. Additionally, sharing a highly potential cryptocurrency, Golden Dog 𝗖𝗼𝗻𝗮𝗻 (last digits BQt). This is the only Dogecoin of 46083685121, with a top-tier narrative, a community of over 20,000 people continuously building, there is consensus, and it is active enough; the two coins it previously pushed have both seen hundreds of times increase! Currently in the early stage of construction, there is significant growth potential, worth looking into!
In 2025, the newly released cryptocurrencies increased 12 times, will the altcoin season be delayed?

In January, the issuance of new cryptocurrencies reached a record high, and analysts expressed concerns about insufficient liquidity for market investors.

According to data, over 600,000 new cryptocurrencies were launched in January, a 12-fold increase compared to the same period in 2024.

Ong wrote in an X post on February 14: "Approximately 50,000 new tokens were minted each month from 2022 to 2023."

"Fast forward to the fourth quarter of 2024, we see an addition of 400,000 tokens each month, and in January 2025, we even set a record of 600,000 new tokens per month!" he added.

As a result, the wide variety of tokens today has diluted liquidity and investors' attention, leading to more chaotic price movements.

Due to weak liquidity in the crypto market, many more mature altcoins also lack the momentum to recover to their 2021 peaks.

Analysts predict that the increase in the number of cryptocurrencies, leading to token dilution, may delay the altcoin season.

Additionally, sharing a highly potential cryptocurrency, Golden Dog 𝗖𝗼𝗻𝗮𝗻 (last digits BQt).

This is the only Dogecoin of 46083685121, with a top-tier narrative, a community of over 20,000 people continuously building, there is consensus, and it is active enough; the two coins it previously pushed have both seen hundreds of times increase! Currently in the early stage of construction, there is significant growth potential, worth looking into!
See original
Analysis of March 8th Afternoon: Yesterday's market trend accurately matched the worry-relief live broadcast and the early morning forecast, everything is under control. Currently, since today is a weekend, market activity is usually low, and funds are entering cautiously. It is expected that the market will continue to maintain a range-bound oscillation in the short term, and it is recommended to operate around the range with high selling and low buying. ​ ​Operational Suggestions: ​ ​Control around 87,000 for Bitcoin, buy around 85,000, with a defensive suggestion of holding in the range of 300 to 600. ​ ​Control around 2,185 for Ether, buy around 2,065, with a defensive suggestion of holding in the range of 20 to 40. ​ ​(Personal suggestions are for reference only) $ETH $BTC #白宫首届加密货币峰会 #德克萨斯州比特币战略储备法案 #币安优化上币机制 #特朗普签署行政命令 #特朗普签署行政命令
Analysis of March 8th Afternoon:

Yesterday's market trend accurately matched the worry-relief live broadcast and the early morning forecast, everything is under control. Currently, since today is a weekend, market activity is usually low, and funds are entering cautiously. It is expected that the market will continue to maintain a range-bound oscillation in the short term, and it is recommended to operate around the range with high selling and low buying.

​Operational Suggestions:

​Control around 87,000 for Bitcoin, buy around 85,000, with a defensive suggestion of holding in the range of 300 to 600.

​Control around 2,185 for Ether, buy around 2,065, with a defensive suggestion of holding in the range of 20 to 40.

​(Personal suggestions are for reference only) $ETH $BTC #白宫首届加密货币峰会 #德克萨斯州比特币战略储备法案 #币安优化上币机制 #特朗普签署行政命令 #特朗普签署行政命令
See original
The key strategy shared by experts in the cryptocurrency space for guaranteed profits mainly focuses on correct position management and investment strategies. Here are the key points:The key strategy shared by experts in the cryptocurrency space for guaranteed profits mainly focuses on correct position management and investment strategies. Here are the key points: Control Positions and Risks 1. Position Sizing Method: Divide capital into several parts, for example into 5 shares [1], and only invest a part each time. This way, even if a specific investment fails, it won't lead to significant losses. For instance, using one-fifth of each part for investment and setting a 10% stop-loss means that each mistake only loses 2% of total capital, and only after five mistakes would there be a 10% loss. If profitable, a take-profit point of at least 10% should be set to prevent profit shrinkage.

The key strategy shared by experts in the cryptocurrency space for guaranteed profits mainly focuses on correct position management and investment strategies. Here are the key points:

The key strategy shared by experts in the cryptocurrency space for guaranteed profits mainly focuses on correct position management and investment strategies. Here are the key points:
Control Positions and Risks
1. Position Sizing Method: Divide capital into several parts, for example into 5 shares [1], and only invest a part each time. This way, even if a specific investment fails, it won't lead to significant losses. For instance, using one-fifth of each part for investment and setting a 10% stop-loss means that each mistake only loses 2% of total capital, and only after five mistakes would there be a 10% loss. If profitable, a take-profit point of at least 10% should be set to prevent profit shrinkage.
See original
As of today, the probability of interest rate cuts in the Federal Reserve's meetings in the first half of 2025: March 20: Probability of no change in interest rates 94.0%, Probability of a 25 basis point cut 6.0%; May 8: Probability of no change in interest rates 66.9%, Probability of a 25 basis point cut 31.4%; June 19: Probability of no change in interest rates 25.0%, Probability of a 25 basis point cut 51.3%. P.S.: Compared to last week's changes, the probability of a 25 basis point cut at the May 8 Federal Reserve meeting has increased by about 10%, while the probability of a 25 basis point cut at the June 19 meeting has decreased by 1.4%. It can be preliminarily predicted that a 25 basis point cut in the first half of the year is likely to be locked in at the meetings in May or June, with the highest possibility currently appearing to be on June 19, and the likelihood of consecutive cuts is temporarily low. The most ideal scenario is still a cut in June; if there is a cut in May and no cut in June, there will definitely be a significant drop in June-July, with a rate hike from Japan in July. #特朗普签署行政命令 #德克萨斯州比特币战略储备法案
As of today, the probability of interest rate cuts in the Federal Reserve's meetings in the first half of 2025:

March 20: Probability of no change in interest rates 94.0%, Probability of a 25 basis point cut 6.0%;

May 8: Probability of no change in interest rates 66.9%, Probability of a 25 basis point cut 31.4%;

June 19: Probability of no change in interest rates 25.0%, Probability of a 25 basis point cut 51.3%.

P.S.: Compared to last week's changes, the probability of a 25 basis point cut at the May 8 Federal Reserve meeting has increased by about 10%, while the probability of a 25 basis point cut at the June 19 meeting has decreased by 1.4%. It can be preliminarily predicted that a 25 basis point cut in the first half of the year is likely to be locked in at the meetings in May or June, with the highest possibility currently appearing to be on June 19, and the likelihood of consecutive cuts is temporarily low.

The most ideal scenario is still a cut in June; if there is a cut in May and no cut in June, there will definitely be a significant drop in June-July, with a rate hike from Japan in July.

#特朗普签署行政命令 #德克萨斯州比特币战略储备法案
See original
--
Bullish
See original
On the weekend of March 8, 2025, the Ethereum trend is biased towards volatility. Pay attention to short-term rebound repairs. After testing the bottom at 2100 twice, I positioned a short order at 2245 in the early morning, and any exit point is in a profit state. From the 4-hour level, the candlestick shows that the market continues to decline after experiencing a brief rebound, especially forming a significant head pattern after reaching the high point of 2552.09 and continuing to move downward. In terms of indicators, the Bollinger Bands show that the current price is between the middle band and the lower band, indicating slight market weakness and reduced volatility, suggesting that the price may continue to consolidate in the short term. Note that the support level below 2101.56 is an important resistance, which could become a key breakthrough point for prices in the short term. Pay attention to the performance at the support level; if this position can stabilize with increased trading volume, it may become an opportunity for a rebound. The strategy focuses on buying on dips, and it is recommended to buy around 2110/20, looking at 2165/2195/2240.
On the weekend of March 8, 2025, the Ethereum trend is biased towards volatility. Pay attention to short-term rebound repairs.
After testing the bottom at 2100 twice, I positioned a short order at 2245 in the early morning, and any exit point is in a profit state. From the 4-hour level, the candlestick shows that the market continues to decline after experiencing a brief rebound, especially forming a significant head pattern after reaching the high point of 2552.09 and continuing to move downward. In terms of indicators, the Bollinger Bands show that the current price is between the middle band and the lower band, indicating slight market weakness and reduced volatility, suggesting that the price may continue to consolidate in the short term.
Note that the support level below 2101.56 is an important resistance, which could become a key breakthrough point for prices in the short term. Pay attention to the performance at the support level; if this position can stabilize with increased trading volume, it may become an opportunity for a rebound.
The strategy focuses on buying on dips, and it is recommended to buy around 2110/20, looking at 2165/2195/2240.
See original
🤔I think Binance, as the Number 01 exchange, should listen more to the voices and suggestions of the crypto community. This market is no longer a rough and ready one; coin listings should be carefully selected. What this circle lacks the least is coins. You can't just list them for 💰; without rules, there's no order. Good quality control is essential; we cannot let a few bad apples spoil the whole batch. Otherwise, the market will eventually suffer. This is also to consider Binance's future growth and strength. The interests of crypto enthusiasts come first; without them, the market makers 🐶P are nothing 😂. For example, this kind of 🌶︎🐔$SHELL , $GPS can be directly removed. Do you see this operation as something a person can do? 😡#特朗普签署行政命令 $BTC #非农就业数据来袭 @BinanceSquareCN #白宫首届加密货币峰会 @CZ #德克萨斯州比特币战略储备法案
🤔I think Binance, as the Number 01 exchange, should listen more to the voices and suggestions of the crypto community. This market is no longer a rough and ready one; coin listings should be carefully selected. What this circle lacks the least is coins. You can't just list them for 💰; without rules, there's no order. Good quality control is essential; we cannot let a few bad apples spoil the whole batch. Otherwise, the market will eventually suffer. This is also to consider Binance's future growth and strength. The interests of crypto enthusiasts come first; without them, the market makers 🐶P are nothing 😂. For example, this kind of 🌶︎🐔$SHELL , $GPS can be directly removed. Do you see this operation as something a person can do? 😡#特朗普签署行政命令 $BTC #非农就业数据来袭 @币安广场 #白宫首届加密货币峰会 @CZ #德克萨斯州比特币战略储备法案
See original
Powell's Dovish Signals and Market Impact 1. Policy Tone Analysis - Increased Tolerance for Inflation: Clear statement that 2% is not a strict target, weakening market tightening expectations - Clarification of Rate Cut Path: Rate cuts will start if the economy overheats, effectively establishing a policy safety cushion - Tariff Policy Positioning: Delay in adjustment rhythm, eliminating short-term policy disturbances 2. Market Impact Projection - U.S. Treasury Yield: Three rate cut expectations are debunked, interest rates may maintain high volatility - U.S. Stock Logic: Short-term volatility alarm lifted, policy support mechanism established - Expectation Management: Monetary policy enters observation period, inflation data becomes new pricing anchor 3. Recent Market Predictions - If next week's CPI exceeds expectations, it is likely to catalyze a dual bull market in stocks and bonds - Trump's policy disturbances enter a vacuum period, risk appetite is expected to recover temporarily - In the medium term, beware of "Trump Risk 2.0", policy games may trigger a Minsky moment The current market has entered a phase driven by "dovish policy + data validation". It is advised to seize the rebound window during the policy window, but be cautious of the resonance risks between the political and monetary cycles in the fourth quarter. From policy games to data games, the market is completing the shift in expectation framework. Blindly acting alone will never bring opportunities. Follow me for insights on tenfold potential coins! Top-tier resources! Daily Focus: PROS BNX BETA #白宫首届加密货币峰会 #非农就业数据来袭 #德克萨斯州比特币战略储备法案
Powell's Dovish Signals and Market Impact

1. Policy Tone Analysis
- Increased Tolerance for Inflation: Clear statement that 2% is not a strict target, weakening market tightening expectations
- Clarification of Rate Cut Path: Rate cuts will start if the economy overheats, effectively establishing a policy safety cushion
- Tariff Policy Positioning: Delay in adjustment rhythm, eliminating short-term policy disturbances

2. Market Impact Projection
- U.S. Treasury Yield: Three rate cut expectations are debunked, interest rates may maintain high volatility
- U.S. Stock Logic: Short-term volatility alarm lifted, policy support mechanism established
- Expectation Management: Monetary policy enters observation period, inflation data becomes new pricing anchor

3. Recent Market Predictions
- If next week's CPI exceeds expectations, it is likely to catalyze a dual bull market in stocks and bonds
- Trump's policy disturbances enter a vacuum period, risk appetite is expected to recover temporarily
- In the medium term, beware of "Trump Risk 2.0", policy games may trigger a Minsky moment
The current market has entered a phase driven by "dovish policy + data validation". It is advised to seize the rebound window during the policy window, but be cautious of the resonance risks between the political and monetary cycles in the fourth quarter. From policy games to data games, the market is completing the shift in expectation framework.

Blindly acting alone will never bring opportunities. Follow me for insights on tenfold potential coins! Top-tier resources!

Daily Focus: PROS BNX BETA

#白宫首届加密货币峰会 #非农就业数据来袭 #德克萨斯州比特币战略储备法案
--
Bullish
See original
President Trump signed an executive order to establish a 'Bitcoin Strategic Reserve'. This reserve mainly consists of the Bitcoin currently controlled by the federal government, as well as Bitcoin that may be confiscated in the future. It should be noted that this 'Bitcoin Strategic Reserve' is not the same as the 'Strategic Federal Reserve' bill proposed by another Senator, Cynthia Lummis, in Congress. With Trump's initiative, the government can directly control it but will not purchase Bitcoin with additional funds (unless approved by Congress). Cynthia Lummis's bill, on the other hand, aims to allocate separate funds for purchasing Bitcoin, targeting the purchase of one million over five years. Has Trump fulfilled his promises this time? From an executive standpoint, it can be considered so, as he has essentially done what he mentioned during his campaign regarding Bitcoin, such as establishing a reserve and forming a cryptocurrency advisory group. However, to say he has completely fulfilled them would be inaccurate, as he also stated that he wanted to create the larger 'Strategic Federal Reserve', which depends on whether Cynthia Lummis's bill can pass in Congress. Will Trump announce more good news about Bitcoin at the White House cryptocurrency summit early tomorrow morning? It's possible, but don't set your expectations too high. Because what he can do at the executive level is mostly already done, and it's unlikely there will be any major moves. Unless he really dares to use the foreign exchange stabilization fund that can be activated without Congressional approval to buy Bitcoin, but that carries too much risk, and he is unlikely to do so. Trump currently gives the impression of being very 'wild', wanting to do whatever he pleases, testing the boundaries of presidential power. So, he may say more positive things about Bitcoin later, but whether he can truly achieve them remains uncertain. Overall, the path for Bitcoin to enter the national treasury may be somewhat difficult, but it is slowly moving forward. We should also pay more attention to the formal Federal Reserve bill and various state Bitcoin reserve bills. #德克萨斯州比特币战略储备法案 #特朗普签署行政命令 #美国加密战略储备 #白宫首届加密货币峰会
President Trump signed an executive order to establish a 'Bitcoin Strategic Reserve'.

This reserve mainly consists of the Bitcoin currently controlled by the federal government, as well as Bitcoin that may be confiscated in the future.

It should be noted that this 'Bitcoin Strategic Reserve' is not the same as the 'Strategic Federal Reserve' bill proposed by another Senator, Cynthia Lummis, in Congress.

With Trump's initiative, the government can directly control it but will not purchase Bitcoin with additional funds (unless approved by Congress).

Cynthia Lummis's bill, on the other hand, aims to allocate separate funds for purchasing Bitcoin, targeting the purchase of one million over five years.

Has Trump fulfilled his promises this time?

From an executive standpoint, it can be considered so, as he has essentially done what he mentioned during his campaign regarding Bitcoin, such as establishing a reserve and forming a cryptocurrency advisory group.

However, to say he has completely fulfilled them would be inaccurate, as he also stated that he wanted to create the larger 'Strategic Federal Reserve', which depends on whether Cynthia Lummis's bill can pass in Congress.

Will Trump announce more good news about Bitcoin at the White House cryptocurrency summit early tomorrow morning? It's possible, but don't set your expectations too high.

Because what he can do at the executive level is mostly already done, and it's unlikely there will be any major moves.

Unless he really dares to use the foreign exchange stabilization fund that can be activated without Congressional approval to buy Bitcoin, but that carries too much risk, and he is unlikely to do so.

Trump currently gives the impression of being very 'wild', wanting to do whatever he pleases, testing the boundaries of presidential power.

So, he may say more positive things about Bitcoin later, but whether he can truly achieve them remains uncertain.

Overall, the path for Bitcoin to enter the national treasury may be somewhat difficult, but it is slowly moving forward.

We should also pay more attention to the formal Federal Reserve bill and various state Bitcoin reserve bills.

#德克萨斯州比特币战略储备法案 #特朗普签署行政命令
#美国加密战略储备 #白宫首届加密货币峰会
See original
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number