Trump Establishes Digital Asset Stockpile By Executive Order
President Trump signed a formal executive order to create a “National Digital Asset Reserve.” This appears to be distinct from Bitcoin reserves, which would likely require congressional approval.
Cryptocurrency National Reserve
this Movement to Create U.S. Bitcoin Reserve Gains Gains It attracted broad support in Congress and several similar proposals in U.S. states. However, President Trump is crazy Sign various executive orders This week, that mechanism may allow his inventory to pass without such scrutiny.
At the same time, Trump also signed an executive order Order Create a “Cryptocurrency Working Group.” The group’s role, official name and potential influence currently appear entirely unclear. earlier this morning, Cynthia Lummis appointed President Members of the Senate Digital Asset Banking Subcommittee, which may overlap with the group.
allegedlyThe working group will provide advice to various government agencies and work on developing a comprehensive digital framework. it will work with Cryptocurrency Czar David Sacks and other pro-industry figures appointed by the Trump White House, but will be strictly prohibited from participating in U.S. CBDC work.
Ultimately, several community members expressed frustration The ambiguity of these executive orders. It’s unclear whether the inventory primarily contains Bitcoin or other assets Like his new Trump meme coin. Regardless, this “stockpile” may not constitute a true national stockpile without congressional approval.
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