Trump Signs Executive Order: Establishing U.S. Bitcoin Reserves

U.S. President Trump signed an executive order to establish a strategic Bitcoin reserve, expected to reach 200,000 coins, funded by Bitcoin seized by the government, without using taxpayer money. At the same time, the executive order prohibits the sale of reserve Bitcoin and mandates a thorough audit of the digital assets held by the government. The Treasury and Commerce Departments are authorized to develop budget-neutral plans to further acquire Bitcoin. This is a step for Trump to fulfill his campaign promise, pushing the U.S. to become the 'capital of crypto'.

Market Reaction and Bitcoin Decline

Following the policy announcement, Bitcoin's price fell more than 5%. The market had originally anticipated that the government might directly purchase Bitcoin, but the executive order is limited to seized assets, disappointing some investors who chose to take profits. Additionally, Bitcoin had previously seen significant gains, and the global economic environment is complex, leading to cautious investor sentiment.

BiyaPay: A New Choice for Digital Asset Management

With the establishment of Bitcoin reserves, global investors are seeking more convenient digital asset management tools, and BiyaPay has become a popular choice. Users can exchange Bitcoin for USDT or U.S. dollars through BiyaPay and quickly withdraw to offshore bank accounts, with the entire process taking less than 10 minutes, secure and efficient.

BiyaPay supports multi-currency exchanges, U.S. and Hong Kong stock trading, and cross-border remittances, with fees as low as 0.5%, and fast, transparent, and secure transactions. Its one-stop service helps users efficiently manage digital assets, meeting cash withdrawal, investment, and global remittance needs.