President Trump has just signed an executive order to create a strategic reserve for bitcoin and encryption, which led to the “news sale” event and a sudden decrease in the BTC price.
BTC fell from 90,251 dollars to 85,091 dollars in less than an hour of Trump’s signature, which creates Bitcoin and a national homeland through the seizure digital assets contract from criminal activities instead of its auction as the previous practice was.
BTC has since regained to $ 87,202 at publication time.
The move was widely expected and confirmed that the executive will not actively push the United States to purchase encryption assets.
The White House has released artificial intelligence and Crypto CZAR DAVID SACKS a statement of signature.
Just a few minutes ago, President Trump signed an executive order to create a bitcoin strategic reserve.
The reserve will be deported with Bitcoin owned by the federal government that has been confiscated as part of the procedures for confiscating criminal or civil assets. This means that the taxpayers will not cost ten cents.
It is estimated that the United States government possesses about 200,000 Bitcoin; However, there was no complete audit. EO directs full accounting for the federal government’s digital assets.
The United States will not sell any bitcoin deposited in the reserve. It will be kept as a value store. The reserve is similar to a digital fortress for the cryptocurrency called “digital gold”.
Bitcoin sales have already cost taxpayers in the United States, which exceeds $ 17 billion in the lost value. Now the federal government will have a strategy to increase the value of its property to the maximum.
Secretaries of the Ministry of Treasury and Trade authorized to develop neutral budget strategies to gain an additional bitcoin currency, provided that these strategies are not gradual costs of American taxpayers.
In addition, the executive order creates a stock of digital assets in the United States, consisting of digital assets other than Bitcoin that have been confiscated in criminal or civil procedures.
The government will not get additional assets for the stock behind those obtained through confiscation procedures.
The purpose of the stock is the supervision of the government’s digital assets under the Treasury.
The promises offered, and the reserved promises
President Trump promised to create a strategic bitcoin reserves and digital asset stocks. These promises have been kept.
This executive matter confirms President Trump’s commitment to making the United States “the capital of encryption in the world.”
I would like to thank the president for his leadership and his vision in supporting this advanced technology and its rapid implementation in supporting the digital asset industry. His administration really moves in “technical speed”.
I would also like to thank the president’s working group in the digital asset markets – especially Treasury Secretary Scott Beesen and Minister of Commerce Howard Lottenic – for their help and support in completing this. Finally, Bo Heins played an important role as our work manager for our work group. “
The Bitcoin price step partially regained a large jump that has been largely operated with a pro -profit Trump’s position.
After Trump announced for the first time the strategic Bitcoin reserves during his campaign and won the elections on the fifth of November, BTC rose from about $ 65,000 to a peak of $ 10,8268 on December 17.
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Distinguished Image: Shutterstock/Jovan Vitanovski/PanuwatcCN
