#Trump , Signed the Executive Order to establish a Strategic #Bitcoin Reserve (but this is just a stock)
Trump signed an Executive Order to establish a Strategic Bitcoin Reserve
The reserve will be funded with Bitcoin that is owned by the federal government and obtained through criminal or legal asset forfeiture processes.
Will not sell the Bitcoins deposited in the US reserve.
The Treasury and Commerce secretaries are authorized to develop budget-neutral strategies to acquire additional Bitcoin.
The Executive Order establishes a digital asset stockpile in the US.
The government will not acquire additional assets beyond those obtained through forfeiture.
These details indicate that this is a 'stock' rather than a reserve. Pumping Crypto kids argue that a 'reserve' would mean government crypto purchases, while a stock refers to crypto obtained through situations like the above, obtained through 'criminal or legal asset forfeiture processes', but that's not the case, it's a negative step rather than a positive one.
