Crypto Community Anticipates Trump’s Bitcoin Executive Order..|

The crypto community is eagerly waiting for President Donald Trump to announce the Bitcoin executive order. During the campaign of Trump, one of the major promises is the Bitcoin executive order.

At the Davos WEF event, Trump reignited the community’s hope by saying, “The United States would be the world capital of crypto and artificial intelligence.”

As per the Strategic Bitcoin Reserve, the U.S. government is to maintain its current Bitcoin holdings. The plan also adds that the government has to collect millions of bitcoins, around 5% of the total supply, in the next five years.

Many states like Florida, Wyoming, and Massachusetts have already introduced bills to add Bitcoin to their reserves. The addition of Bitcoin may be a smart financial move. Since states can’t print money like the federal government, the addition of Bitcoin can help to secure a financial future and protect against economic instability.

Many are wondering if Trump can pass this today, while such decisions aren’t taken overnight, U.S. Senator Cynthia Lummis urges that Congress needs to pass the bipartisan bill to create Bitcoin Strategic Reserve legislation.

Additionally, Lummis, appointed as the chair of the Senate Banking Subcommittee on Digital Assets, will play a crucial role in ensuring that Congress passes the bipartisan bill for a Bitcoin Strategic Reserve.

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