Market Tanks After Trump Signs Executive Order to Establish Strategic Bitcoin Reserve
2025-07-04 03:07:26
Description
White House crypto czar David Sacks made the announcement late on Thursday, March 6, stating, “Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.” He added that the reserve would be capitalized with Bitcoin owned by the federal government, which was forfeited as part of criminal or civil asset forfeiture proceedings. The US government holds around 200,000 BTC, according to estimates and the executive order “directs a full accounting of the...
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