U.S. Government Cryptocurrency Reserve Policy Summary
Core Content
1. Bitcoin Exclusive Strategic Reserve
Trump signed an executive order to include approximately 200,000 Bitcoins acquired by the federal government through criminal/civil forfeiture into the strategic Bitcoin reserve, banning sales and only allowing expansion through 'budget-neutral' strategies (such as judicial forfeiture).
A comprehensive audit will be initiated within 30 days to clarify the total amount and classification of BTC held by the government.
2. Other Tokens' 'Nominal Reserves'
ETH, XRP, SOL, etc. are categorized into the digital asset reserve, but the government will not actively purchase or increase holdings, only holding seized assets.
Currently, the U.S. government does not hold XRP, SOL, or ADA, with ETH holdings of approximately $176 million and BNB holdings of $27 million.
3. Policy Controversy and Market Reaction
Positive: Bitcoin's status as 'digital gold' is strengthened, attracting attention from traditional financial institutions.
Negative: The market originally expected reserves to cover multiple currencies, and following the policy implementation, BTC plummeted 5% to $87,000, with ETH, XRP, and others falling simultaneously.
Key Details
Funding Restrictions: New purchases of Bitcoin require Congressional approval; current policy relies solely on seized assets.
Audit Transparency: The first requirement to disclose the full picture of government-held crypto assets to prevent mismanagement.
Future Variables: The cryptocurrency summit on March 7 may release 'compliance' signals; if the 'Bitcoin Strategic Reserve Act' is passed, the reserve size may expand to 1 million BTC.
Summary in One Sentence
The U.S. government includes 200,000 BTC in the 'Digital Fort Knox,' but other tokens only exist as nominal reserves; following policy implementation, the market crashed—can the Bitcoin priority strategy hedge against short-term negatives?
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