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