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There’s also some disappointment that Trump did not create a strategic stockpile (or reserve) directly. His promise at the Bitcoin conference that “if I am elected, it will be the policy of my administration, United States of America, to keep 100% of all the Bitcoin the US government currently holds or acquires into the future” has now become a sub-bullet point in an executive order, instructing that an eleven-person committee led by a venture capitalist fond of non-bitcoin cryptocurrenciesc “shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile”. After they submit their recommendation in their report, it will be passed over along to Congress for further arguing. As L0la L33tz wrote on Twitter, “ngl Trump being wooed by the crypto industry to the tune of hundreds of millions of dollars only to drop an EO that establishes a working group to maybe build a stock pile by stealing your coins is pretty legendary.”16

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There’s also some disappointment that Trump did not create a strategic stockpile (or reserve) directly. His promise at the Bitcoin conference that “if I am elected, it will be the policy of my administration, United States of America, to keep 100% of all the Bitcoin the US government currently holds or acquires into the future” has now become a sub-bullet point in an executive order, instructing that an eleven-person committee led by a venture capitalist fond of non-bitcoin cryptocurrenciesc “shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile”. After they submit their recommendation in their report, it will be passed over along to Congress for further arguing. As L0la L33tz wrote on Twitter, “ngl Trump being wooed by the crypto industry to the tune of hundreds of millions of dollars only to drop an EO that establishes a working group to maybe build a stock pile by stealing your coins is pretty legendary.”16
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Molly White (molly0xfff@hachyderm.io)'s status on Saturday, 25-Jan-2025 02:17:18 JST Molly White
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The much-awaited crypto executive order came later on. Instead of establishing a “bitcoin strategic reserve”, Trump created a committee to think about whether to recommend he establish a stockpile from digital assets already held by the government.
#crypto #cryptocurrency #USpolitics #USpol

In conversation about 4 months ago from hachyderm.io permalink