Crypto News

Trump signs the posting order Bitcoin ‘Fort Knox’ and digital property supplies stock

President Donald Trump focused his administration to establish a strategic reserve Bitcoin to have the property he seed, and further called for the crypto stock of other types of property.

At the moment, all assets provided for in order would be seized in civil or criminal Life. Bitcoin will be located for long-term value in what “Digital Fort Knok” is called.

“Reserve will be introduced in Bitcoin owned by the Federal Government, which was confiscated as part of the criminal or civilian procedure,” David bags, Trump Cripto Czar in the statement Posted on Site Social Media Ks.

In a video showing the president Signing accountTrump says that the reserve “, he gave promise, didn’t he?”

The order also collected government officials to seek ways to add more Bitcoin in the reservation, until it harms the federal budget.

“Secretaries of Treasury and Trade are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that these strategies do not have incremental costs of American taxpayers,” bags said.

Assets for non-Bitcoin stocks will be any crypto that the government does not confiscate otherwise. SACKS did not emphasize any special names of property in that category, despite recently recently highlighted the president.

Market reaction

Bitcoin fell by almost 5% to $ 85,000 in the minutes after the order, perhaps due to disappointment, the reservation that already held the government, but – for now – involves new purchases.

Ethereum’s (ETH), Ripple’s (XRP), Cardano’s (ADA) and Solana (Solana) are increasing by 4% -8% in the past hour, because the order allows the purchase of fresh government about these tokens.

The announcement of the Executive Order was made before the Summit of the White House, in which the leaders from the entire crypto spectrum were placed to discuss policy issues with members of Trump Management. The president expected to announce the details of the CRIPTO reset before or during that event.

“The establishment of American strategic reserves Bitcoin and digital property is a huge moment for the crypto and American management, Nathan McCaulei, General Manager, and a digital anchor, one of the business leaders who attended the round table.

Matt Hougan, the main investment officer for asset management and assets, said in the post If the move that set Bitcoin reserve decreases the chance that the government could ever try to stare assets, and it dramatically increases that other nations will establish strategic reserves Bitcoin. “

Ali Charles Edwards, Founder Bitcoin-focused Hedge Funds Capriola Investment, He called him “The most and disappointing outcome we could expect for this week” claiming that without a purchase plan, the strategy is “pig to lipstick.”

Update (7. Marta 2025, 24:59 UTC): He adds answers from people in the industry, along with the action of prices.

Update (7. Marta 2025, 01:39 UTC): Adds a comment to the digital general director of the anchorage.



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2025-03-07 03:34:00

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