$BTC #WhiteHouseCryptoSummit #USCryptoReserve
President Donald Trump signed an executive order to create a "Strategic Bitcoin Reserve" and a "Digital Asset Stockpile" for other cryptocurrencies. This reserve will be primarily funded by Bitcoin seized through criminal and civil proceedings, with current holdings estimated at approximately 200,000 BTC, valued over $17 billion. The administration emphasizes that these assets will not be sold, aiming to maximize their value
At the inaugural "Crypto Summit" held at the White House, President Trump expressed a commitment to positioning the U.S. as a leader in the cryptocurrency sector. The summit highlighted the administration's pro-crypto stance, including reduced regulatory enforcement and the establishment of the aforementioned reserves. However, this approach has faced criticism regarding potential conflicts of interest, particularly concerning the Trump family's involvement in cryptocurrency ventures.
