President Trump signed a major measure, creating the first US Bitcoin strategic reserve, using government-confiscated digital assets as capital, assuming that Bitcoin will be a long-term "treasury"! At the same time, Texas also launched the SB-21 law, wanting to get ahead of the United States and become the first state to accumulate Bitcoin! 🚀

President Trump signed a major move, creating the United States' first strategic Bitcoin reserve, using government-seized digital assets as capital, assuming Bitcoin as a long-term 'vault'! Meanwhile, Texas has also introduced the SB-21 bill, aiming to become the first state to hoard Bitcoin ahead of the rest of the country! 🚀

Atlanta Bitcoin Reserve: No selling coins, all based on confiscation! 💪

Trump's executive order established a strategic Bitcoin reserve and a digital asset reserve, with funds entirely from customs and civilian confiscated digital assets. Afghan crypto mogul David Sacks stated that this is a 'digital Fort Knox', and the government will not sell the Bitcoin in reserve! Additionally, there is a non-Bitcoin digital asset vault, but it won't buy coins additionally, relying solely on confiscated assets. Intelligence shows that the government currently holds digital assets valued at $17.71 billion, 198,109 BTC valued at $17.87 billion, along with $122 million in Tether (USDT) and over $119 million in Ethereum (ETH). Trump's data on Truth Social indicates that the reserves will also include XRP, Solana, and Cardano, but these are not yet included in the data. 😏

Texas is not to be outdone: 25 to 5 passed the coin hoarding procurement! 🌟

The Texas Senate passed SB-21 with a vote of 25:5, aiming to become the first state in the U.S. to accumulate Bitcoin! Carl Schwertner pushed this bill, stating that Bitcoin is a scarce treasure, able to resist oxidation, and more reliable than gold! After the bill is signed by the governor, Texas will establish a strategic Bitcoin reserve and can also increase other digital assets. This move aligns with Trump's January order, with the trend of using coins in the state becoming increasingly aggressive!

Sacks angrily criticized: Selling Bitcoin lost tens of billions! 😡

Sacks slammed the past government's Bitcoin operations, saying that selling over 10 years only earned $366 million, but if they hadn’t sold, it would now be worth over $17 billion! He stated that widespread inflation has caused taxpayers to suffer significant losses. Expert Joe Burnett also mentioned that Bitcoin must be held long-term to retain value, rather than focusing on short-term trading. 💸

What does the future hold? The summit will clarify! 👀
On March 7, the White House cryptocurrency summit is expected to unveil the reserve plan. Trump aims to make the U.S. the crypto leader, and this debate has been ongoing since his victory in November. States like Texas and Wyoming are also gearing up, with state-level reserves potentially launching faster than federal ones!