Trump’s Bitcoin Reserve Plan: Funded by Confiscated Crypto, Not Taxpayer’s Wallet

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Trump’s Bitcoin Reserve Plan: Funded by Confiscated Crypto, Not Taxpayer’s Wallet - Coinpedia

Quick Summary:

This major step in cryptocurrency policy is set to solidify the U.S.’s position in the growing digital asset space.

The executive order also directs a full audit of the U.S.government’s existing digital asset holdings, with a focus on ensuring responsible stewardship under the Treasury Department.

With the federal government committing to hold Bitcoin as a store of value, the likelihood of Bitcoin being banned by the government has dramatically decreased.