Skip to content
One source so far

Trump signs executive order on BTC-reserve

№ 0685Published Updated 1 min read

The crypto market is falling

Cryptoczar David Sachs reported about Trump signing an executive order to create a strategic reserve of bitcoins.

The reserve will be formed from previously confiscated BTC, which is now in the wallets of the US government. A multi-currency crypto reserve has also been created from other previously confiscated coins.

The government will not acquire additional assets for the crypto reserve other than those obtained as a result of forfeiture

David Sachs:

President Trump promised to create a strategic BTC-reserve and cryptocurrency reserve. Those promises have been kept.

Telegram

Get the full story in Telegram

Extended details, links and updates are published in our channel.

Sources

Related stories

Security

Mercado Bitcoin begins phased reopening after hack

Mercado Bitcoin has begun a phased recovery after the hack. The exchange is currently available in view-only mode, with payments and trading unavailable. The company said it would compensate users for the stolen assets with its own funds.…

Read →
Regulation

FinCEN and the Fed Drop Plan to Lower Travel Rule Threshold to $250

Bitcoin Magazine reports that FinCEN and the Board of Governors of the Federal Reserve System have withdrawn a 2020 proposed rule. It would have lowered the threshold for cross-border transfers from $3,000 to $250 and explicitly included c…

Read →
Exchanges

Charles Schwab Adds SOL, AVAX and LINK to Crypto Trading

Charles Schwab has expanded direct cryptocurrency trading: eligible retail clients can now trade Solana (SOL), Avalanche (AVAX) and Chainlink (LINK), in addition to Bitcoin and Ether. Bitcoin.com News reports that the announcement was made…

Read →
Trump signs executive order on BTC-reserve | $uicideChain