Strategic Bitcoin Reserve: Why did investors disappoint in the first white house summit?

On Friday, the White House was hosted by the usaugural crypto on Friday, bringing top executives from the digital property industry to discuss regulatory policies under Trump Administration.

Although the meeting marked a significant transition from strict surveillance during the mandate of President Joe Biden, many in the industry expressed disappointment due to the lack of concrete obligations from the administration, according to NBC News report.

Muffled Market Reply to the announcement of the CRIPTO Reserve

The sense of investors remained lukewarm, and the prices of bitcoin immersion for 3% in late afternoon traded, closing the week almost 7% lower than $ 87,000.

The decline followed the announcement of David Sacks, the administration “CRIPTO CZAR”, that President Donald Trump signed a warrant for determining the strategic reservation Bitcoin.

The reserve, however, consisted only by the BitCoin farms already seized by the Federal Law Enforcement Agencies, together with separate “digital assets” for other cryptocurrency such as Ethereum and Ripl, according to NBC report.

The executive order did not exhaust new purchases, nor did he provide a timeline for government acquisitions. The Management Board assured that any potential purchase would be neutral and would not burden taxpayers.

A step forward but not enough?

Although the creation of a cryptic reserve represents the main shift of the policy in Vansantant’s attitude towards digital property, industry leaders remain skeptical.

The summit initially raised hopes for wider adoption and federal support for cryptocurries, but some investors remained a feeling that administration is not far enough.

“Trump is now officially” from the hook “because of what the Bitcoin community made for him,” Jeff Park, Executive Director in Bodo in Social Medium.

He claimed that the administration did not provide significant changes in policies outside the strategic reservation, saying, “Having only Bitcoin, not the rest of Altcoin in the reserve is not victory.”

“Digital Fort Knok” and tax rumors were separated

The White House officials, in Briefing before the summit, described the Reserve as “Digital Fort Knok”, intended to ensure that the US government maintains control over its digital farm.

Earlier, the authorities liquidated in the unstructured way of seized cryptocurnent property, which, claimed, resulted in a lost value of taxpayers as Bitcoin’s price continued to appreciate.

The Management Board also wanted to deal with speculation that circulates in cryptic circles.

Officials denied claims that profit from cryptian households became released from taxes, rejecting it as a misinterpretation of the initial announcement of the President.

In addition, they explained that the basis of reserves would not include three specific Altcoin, because some investors speculate.

Cripto is a growing political influence

The Cripto industry played a significant role in elections 2024. year, with committees for political actions and associated groups by spending over $ 245 million in campaign financing, in accordance with the data of the Federal Election Commission.

Almost half of all corporate contributions last year, as reported, came from sources related to cryptocurrency.

Despite frustration among investors, the industry acquired more favorable regulatory stations than the Trump administration.

The President confirmed his commitment to supporting digital property, declaring “, we will end the Federal War of Bureaucracy to the CRIPTO.”

While some interested are careful, others watch that the white house is developing a position in step towards the main acceptance of the cryptocurri.

Frequently asked questions

Which crypto will give 1000k in the future?

As Etherum Ecosisist is growing, the demand for the polygon is set to increase, positioning it as one of the best cryptocurries with significant growth potential. The era of speculative investments in the coins and hype-conducted projects has disappeared – long-term success now hinges in the actual utility.

Is crypto real money?

Criptocurrency, or CRIPTO, is a digital product purchased with traditional currency (such as USD or GBP) and traded using blockchain technology.