Trump signed order to establish a Strategic Bitcoin Reserve (but its just a stockpile)

Trump has signed an Executive Order to establish a Strategic Bitcoin Reserve

• The reserve will be funded with Bitcoin owned by the federal government, obtained through criminal or civil asset forfeiture proceedings.
• The U.S. will not sell any Bitcoin deposited into the reserve.
• The secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional Bitcoin.
• The executive order creates a U.S. digital asset stockpile.
• The government will not acquire additional assets for the stockpile beyond those obtained through forfeiture proceedings.

Those details indicate it’s a ‘stockpile’ rather than reserve. The cyrpto kids argue that a ‘reserve’ would mean government purchases of crypto, vs. a stockpile which implies crypto being held that is acquired via situations such as above, “through criminal or civil asset forfeiture proceedings.”

Another disappointment from Trump, this time for his crypto-base.

This article was written by Eamonn Sheridan at www.forexlive.com.