U.S. President Donald Trump has signed an order to establish strategic reserves from Bitcoin and other cryptocurrencies seized in criminal and civil proceedings. The decision was announced ahead of a Friday meeting with leaders from the cryptocurrency industry at the White House.
Fantastic winnings, security, and complete anonymity when betting at crypto casinos SirWin, bitStarz or mBit on our website!
Despite expectations, the market reacted to Trump’s decision with a drop in Bitcoin’s price. Investors were disappointed that the government does not plan to actively purchase cryptocurrencies, AFP reported. However, AP described this move as a significant milestone on the path to broader acceptance of cryptocurrencies as legitimate assets.
Bet on sports matches at SirWin!!! On this occasion you will get fantastic welcome bonuses on our links!
According to Trump’s order, the United States will retain approximately 200,000 Bitcoins that have already been confiscated by authorities. The president’s chief cryptocurrency advisor, David Sacks, stated that these reserves would not be sold, likening them to a “digital Fort Knox”—drawing a comparison between Bitcoin and the U.S.’s traditional gold reserves.
Bonuses or freespins on our links SirWin, bitStarz or mBit!
Trump had previously been critical of cryptocurrencies, but during his last presidential campaign, he drastically changed his stance. This shift earned him support from wealthy investors in the crypto industry, who contributed over $100 million to his campaign.
