Donald Trump has been making significant waves in the cryptocurrency space, particularly with Bitcoin, since taking office for his second term.
Earlier this month, he signed an executive order establishing a Strategic Bitcoin Reserve, utilizing approximately 200,000 BTC seized by the U.S. government, currently valued at around $17 billion.
This move aligns with his campaign promise to position the U.S. as the "crypto capital of the world." In a recent address at the Digital Asset Summit in New York City on March 20, Trump reiterated his administration’s commitment to ending what he called a "regulatory war" on Bitcoin and crypto, emphasizing that the U.S. would not sell its Bitcoin holdings but instead maximize their value as a long-term strategic asset.
Additionally, Trump’s crypto venture, World Liberty Financial, announced on March 25 that it plans to launch USD1, a dollar-pegged stablecoin, following a successful $550 million raise from token sales.
This venture, backed by Trump and his family, aims to compete in the growing stablecoin market. Meanwhile, Trump Media & Technology Group, the parent company of Truth Social, partnered with Crypto.com to launch exchange-traded funds (ETFs) under its Truth.Fi brand, incorporating Bitcoin and other digital assets, further signaling Trump’s push into the crypto economy.
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