CRYPTO MECHANIC
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The executive order is not what we expected.
Do not just read the main headline that trump signed the executive order read the full Executive order summary and most importantly the area i highlighted.
Here's a simpler explanation that i understand.
The U.S. government is creating a special storage place for Bitcoin that it already owns. This Bitcoin was taken from criminals or through legal actions, so it doesn't cost taxpayers any money. The government wants to keep this Bitcoin safe and not spend it. US currently holds around 200k Bitcoin.
**The second important point**
The government is also setting up a collection of other Altcoins like we saw Trump mentioned XRP , Ethereum , ADA and solana that were taken from criminals or through legal actions. They won't buy more of these assets; they'll only keep what they get from these legal actions. The goal is to manage these digital assets responsibly.
In short, the government is creating safe places to store Bitcoin and other digital assets that they get from legal actions, without spending extra money from taxpayers.
Do not just read the main headline that trump signed the executive order read the full Executive order summary and most importantly the area i highlighted.
Here's a simpler explanation that i understand.
The U.S. government is creating a special storage place for Bitcoin that it already owns. This Bitcoin was taken from criminals or through legal actions, so it doesn't cost taxpayers any money. The government wants to keep this Bitcoin safe and not spend it. US currently holds around 200k Bitcoin.
**The second important point**
The government is also setting up a collection of other Altcoins like we saw Trump mentioned XRP , Ethereum , ADA and solana that were taken from criminals or through legal actions. They won't buy more of these assets; they'll only keep what they get from these legal actions. The goal is to manage these digital assets responsibly.
In short, the government is creating safe places to store Bitcoin and other digital assets that they get from legal actions, without spending extra money from taxpayers.
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