U.S. President Donald Trump signed an executive order Thursday authorizing the creation of a strategic Bitcoin reserve, based on the 200,000 BTC seized by the federal government through asset forfeiture in criminal and civil cases.
The move signals a potential shift in U.S. monetary policy towards recognizing Bitcoin as a sovereign reserve asset, potentially pressuring other nations to formalize their own Bitcoin strategies.
Separately, the executive order also establishes a digital asset stockpile consisting of digital assets other than Bitcoin, with the White House asserting Bitcoin’s “special” status over other cryptocurrencies.
President Trump Signs Executive Order to Establish Bitcoin Reserve, Crypto Stockpile
The order also seeks to provide a “full audit” of the U.S. Goverment's digital asset holdings which is estimated to possess 200,000 bitcoin.
Elizabeth Warren Demands David Sacks Prove He Isn't 'Directly Profiting' From Trump Crypto Policies
Sen. Elizabeth Warren demands Crypto Czar prove he isn't “directly profiting” from the Trump administration's policies.
White House: Bitcoin 'Deserves Special Treatment' Over XRP, Solana, Cardano in Crypto Reserve
A senior White House official said Friday that the U.S. government won't sell Bitcoin it collects, but could sell altcoins.
Sam Bankman-Fried Says Diddy Has Been 'Kind' to Him in Jail
FTX founder Sam Bankman-Fried is getting along with disgraced hip-hop mogul Diddy in prison, the crypto crook told Tucker Carlson.
Prediction Market MYRIAD Launches USDC Markets
MYRIAD’s new USDC markets will drive more accurate predictions, and redefine the revenue model for media and creator content.
From our partner
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Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (866)-775-0313 or visit our website at etfs.grayscale.com/mnrs. Read the prospectus or summary prospectus carefully before investing. MNRS is distributed by Foreside Fund Services, LLC and Grayscale Advisors, LLC is the adviser.
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