skshawon6
Open Trade
Frequent Trader
1 Years
3 Following
10 Followers
8 Liked
0 Shared
Posts
#MarketRebound On March 6, the White House announced the creation of the U.S. Digital Asset Stockpile. The move was highly anticipated by the crypto industry, which initially viewed it as a major step by the Trump administration toward making America the "crypto capital of the world" -- a commonly cited campaign promise in the 2024 elections.
So let's take a closer look at how the creation of the U.S. Digital Asset Stockpile might affect your crypto portfolio.
Start Your Mornings Smarter!Ā Wake up withĀ Breakfast newsĀ in your inbox every market day.Ā Sign Up For Free Ā»
What is the Digital Asset Stockpile, and what does it hold?
As outlined in the March 6 executive order signed by President Trump, the U.S. Digital Asset Stockpile will essentially become a central repository for all cryptocurrencies held by the U.S. government, with the exception ofĀ Bitcoin. A separate Strategic Bitcoin Reserve will hold the estimated 200,000 Bitcoins belonging to the U.S. government.
As it stands now, all U.S. government agencies will have 30 days to figure out what crypto assets they hold and report that information to the U.S. Treasury, which will have ultimate stewardship of the U.S. Digital Asset Stockpile. The only crypto assets that can be included in the stockpile are those that have been seized by the government as the result of criminal or civil asset forfeiture proceedings, and these will be transferred to the U.S. Treasury for safekeeping.
But the details are sketchy at best. The executive order did not, for example, specify which cryptocurrencies are to be included. In an earlier social media post, President Trump suggested thatĀ Solana,Ā XRP, andĀ CardanoĀ would be included in this stockpile. But as online blockchain sleuths have subsequently discovered, the U.S. government does not have any significant holdings of those currencies.
So let's take a closer look at how the creation of the U.S. Digital Asset Stockpile might affect your crypto portfolio.
Start Your Mornings Smarter!Ā Wake up withĀ Breakfast newsĀ in your inbox every market day.Ā Sign Up For Free Ā»
What is the Digital Asset Stockpile, and what does it hold?
As outlined in the March 6 executive order signed by President Trump, the U.S. Digital Asset Stockpile will essentially become a central repository for all cryptocurrencies held by the U.S. government, with the exception ofĀ Bitcoin. A separate Strategic Bitcoin Reserve will hold the estimated 200,000 Bitcoins belonging to the U.S. government.
As it stands now, all U.S. government agencies will have 30 days to figure out what crypto assets they hold and report that information to the U.S. Treasury, which will have ultimate stewardship of the U.S. Digital Asset Stockpile. The only crypto assets that can be included in the stockpile are those that have been seized by the government as the result of criminal or civil asset forfeiture proceedings, and these will be transferred to the U.S. Treasury for safekeeping.
But the details are sketchy at best. The executive order did not, for example, specify which cryptocurrencies are to be included. In an earlier social media post, President Trump suggested thatĀ Solana,Ā XRP, andĀ CardanoĀ would be included in this stockpile. But as online blockchain sleuths have subsequently discovered, the U.S. government does not have any significant holdings of those currencies.
#TariffsPause On March 6, the White House announced the creation of the U.S. Digital Asset Stockpile. The move was highly anticipated by the crypto industry, which initially viewed it as a major step by the Trump administration toward making America the "crypto capital of the world" -- a commonly cited campaign promise in the 2024 elections.
So let's take a closer look at how the creation of the U.S. Digital Asset Stockpile might affect your crypto portfolio.
Start Your Mornings Smarter!Ā Wake up withĀ Breakfast newsĀ in your inbox every market day.Ā Sign Up For Free Ā»
What is the Digital Asset Stockpile, and what does it hold?
As outlined in the March 6 executive order signed by President Trump, the U.S. Digital Asset Stockpile will essentially become a central repository for all cryptocurrencies held by the U.S. government, with the exception ofĀ Bitcoin. A separate Strategic Bitcoin Reserve will hold the estimated 200,000 Bitcoins belonging to the U.S. government.
As it stands now, all U.S. government agencies will have 30 days to figure out what crypto assets they hold and report that information to the U.S. Treasury, which will have ultimate stewardship of the U.S. Digital Asset Stockpile. The only crypto assets that can be included in the stockpile are those that have been seized by the government as the result of criminal or civil asset forfeiture proceedings, and these will be transferred to the U.S. Treasury for safekeeping.
But the details are sketchy at best. The executive order did not, for example, specify which cryptocurrencies are to be included. In an earlier social media post, President Trump suggested thatĀ Solana,Ā XRP, andĀ CardanoĀ would be included in this stockpile. But as online blockchain sleuths have subsequently discovered, the U.S. government does not have any significant holdings of those currencies.
So let's take a closer look at how the creation of the U.S. Digital Asset Stockpile might affect your crypto portfolio.
Start Your Mornings Smarter!Ā Wake up withĀ Breakfast newsĀ in your inbox every market day.Ā Sign Up For Free Ā»
What is the Digital Asset Stockpile, and what does it hold?
As outlined in the March 6 executive order signed by President Trump, the U.S. Digital Asset Stockpile will essentially become a central repository for all cryptocurrencies held by the U.S. government, with the exception ofĀ Bitcoin. A separate Strategic Bitcoin Reserve will hold the estimated 200,000 Bitcoins belonging to the U.S. government.
As it stands now, all U.S. government agencies will have 30 days to figure out what crypto assets they hold and report that information to the U.S. Treasury, which will have ultimate stewardship of the U.S. Digital Asset Stockpile. The only crypto assets that can be included in the stockpile are those that have been seized by the government as the result of criminal or civil asset forfeiture proceedings, and these will be transferred to the U.S. Treasury for safekeeping.
But the details are sketchy at best. The executive order did not, for example, specify which cryptocurrencies are to be included. In an earlier social media post, President Trump suggested thatĀ Solana,Ā XRP, andĀ CardanoĀ would be included in this stockpile. But as online blockchain sleuths have subsequently discovered, the U.S. government does not have any significant holdings of those currencies.
#BinanceLaunchpoolWCT On March 6, the White House announced the creation of the U.S. Digital Asset Stockpile. The move was highly anticipated by the crypto industry, which initially viewed it as a major step by the Trump administration toward making America the "crypto capital of the world" -- a commonly cited campaign promise in the 2024 elections.
So let's take a closer look at how the creation of the U.S. Digital Asset Stockpile might affect your crypto portfolio.
Start Your Mornings Smarter!Ā Wake up withĀ Breakfast newsĀ in your inbox every market day.Ā Sign Up For Free Ā»
What is the Digital Asset Stockpile, and what does it hold?
As outlined in the March 6 executive order signed by President Trump, the U.S. Digital Asset Stockpile will essentially become a central repository for all cryptocurrencies held by the U.S. government, with the exception ofĀ Bitcoin. A separate Strategic Bitcoin Reserve will hold the estimated 200,000 Bitcoins belonging to the U.S. government.
As it stands now, all U.S. government agencies will have 30 days to figure out what crypto assets they hold and report that information to the U.S. Treasury, which will have ultimate stewardship of the U.S. Digital Asset Stockpile. The only crypto assets that can be included in the stockpile are those that have been seized by the government as the result of criminal or civil asset forfeiture proceedings, and these will be transferred to the U.S. Treasury for safekeeping.
But the details are sketchy at best. The executive order did not, for example, specify which cryptocurrencies are to be included. In an earlier social media post, President Trump suggested thatĀ Solana,Ā XRP, andĀ CardanoĀ would be included in this stockpile. But as online blockchain sleuths have subsequently discovered, the U.S. government does not have any significant holdings of those currencies.
So let's take a closer look at how the creation of the U.S. Digital Asset Stockpile might affect your crypto portfolio.
Start Your Mornings Smarter!Ā Wake up withĀ Breakfast newsĀ in your inbox every market day.Ā Sign Up For Free Ā»
What is the Digital Asset Stockpile, and what does it hold?
As outlined in the March 6 executive order signed by President Trump, the U.S. Digital Asset Stockpile will essentially become a central repository for all cryptocurrencies held by the U.S. government, with the exception ofĀ Bitcoin. A separate Strategic Bitcoin Reserve will hold the estimated 200,000 Bitcoins belonging to the U.S. government.
As it stands now, all U.S. government agencies will have 30 days to figure out what crypto assets they hold and report that information to the U.S. Treasury, which will have ultimate stewardship of the U.S. Digital Asset Stockpile. The only crypto assets that can be included in the stockpile are those that have been seized by the government as the result of criminal or civil asset forfeiture proceedings, and these will be transferred to the U.S. Treasury for safekeeping.
But the details are sketchy at best. The executive order did not, for example, specify which cryptocurrencies are to be included. In an earlier social media post, President Trump suggested thatĀ Solana,Ā XRP, andĀ CardanoĀ would be included in this stockpile. But as online blockchain sleuths have subsequently discovered, the U.S. government does not have any significant holdings of those currencies.
#USCryptoReserve Investing.com-- Bitcoin rose on Thursday, extending a rebound from recent losses amid heightened speculation over U.S. President Donald Trumpās plans for a crypto reserve before a White House summit this week.Ā
Risk appetite was also aided by Trump making some concessions in his recently imposed 25% tariffs against Canada and Mexico, although his tariffs against China persisted, while the U.S. president also flagged plans for more trade duties in April.
Still, Bitcoin was trading well above sub-$80,000 lows hit last week, when risk appetite was battered by concerns over slowing U.S. growth and a brewing global trade war.Ā
Trumpās earlier mentions of a crypto reserve had also sparked only fleeting gains in prices.Ā
Bitcoin rose 6.2% to $92,532.3 by 00:46 ET (05:46 GMT). Gains in the crypto also came tracking a recovery in global stock markets.
Risk appetite was also aided by Trump making some concessions in his recently imposed 25% tariffs against Canada and Mexico, although his tariffs against China persisted, while the U.S. president also flagged plans for more trade duties in April.
Still, Bitcoin was trading well above sub-$80,000 lows hit last week, when risk appetite was battered by concerns over slowing U.S. growth and a brewing global trade war.Ā
Trumpās earlier mentions of a crypto reserve had also sparked only fleeting gains in prices.Ā
Bitcoin rose 6.2% to $92,532.3 by 00:46 ET (05:46 GMT). Gains in the crypto also came tracking a recovery in global stock markets.
Login to explore more contents