#WhiteHouseCryptoSummit A The White House and Bitcoin (BTC) have been in the spotlight recently. President Donald Trump signed an executive order establishing a "Strategic Bitcoin Reserve" and a "Digital Asset Stock" using cryptocurrencies seized in federal criminal actions ¹.
This measure is part of the U.S. government's effort to position itself as a leader in the cryptocurrency sector. Additionally, the White House held a summit with cryptocurrency industry executives to discuss regulatory policies, stablecoins, and the proposed plan to establish a strategic cryptocurrency reserve ².
The U.S. government holds about 200,000 Bitcoins, which were obtained through criminal and civil proceedings, including the Silk Road case ¹. This reserve of Bitcoins is separate from the stock of digital assets and can be expanded through new purchases.
It is important to note that the summit at the White House will not address taxes but will seek to establish a regulatory framework for the cryptocurrency sector in the U.S. ².