Trump Is Fooling the Crypto Community Again: Here’s the Ugly Truth 🚨
Donald Trump has once again riled up the crypto community. First, he launched his own cryptocurrency that many have called a “fake coin” and then dumped it. Now, the actual text of his executive order on cryptocurrencies reveals that there’s a possibility of building a national stockpile of digital assets from seized cryptocurrencies, not from buying new $BTC . Here’s what you need to know:
💡 Key takeaways from the executive order:
What it actually says:
The U.S. government may establish a “stockpile of digital assets” using cryptocurrencies seized through law enforcement actions (think assets seized from illegal activities).
This does not equate to the government actively buying Bitcoin or any other cryptocurrency on the open market.
What it doesn’t mean:
The U.S. government is not planning to pump money into Bitcoin or any other crypto asset to “stack Satoshis.”
This is not a positive sign for government adoption of Bitcoin, despite the buzz in some crypto circles.
Seizures, not accumulation:
The United States already has a significant amount of $BTC as a result of law enforcement actions such as the Silk Road raid. This guidance proposes simply keeping it rather than selling it at auction (as has been done historically).
