Explainer: How would a US crypto strategic reserve work?

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US President Donald Trump has given a first glimpse into what a US cryptocurrency reserve could look like, saying the stockpile would include bitcoin and ethereum and a range of smaller tokens.

Trump in January signed an executive order for the creation of a digital asset working group to explore the possibility of a strategic bitcoin reserve. Trump had directed the group to turn in a report by July addressing criteria for such a stockpile, potentially derived from cryptocurrencies seized by the federal government.

On Sunday, he gave more details in…



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Explainer: How would a US crypto strategic reserve work?


US President Donald Trump has given a first glimpse into what a US cryptocurrency reserve could look like, saying the stockpile would include bitcoin and ethereum and a range of smaller tokens.

Trump in January signed an executive order for the creation of a digital asset working group to explore the possibility of a strategic bitcoin reserve. Trump had directed the group to turn in a report by July addressing criteria for such a stockpile, potentially derived from cryptocurrencies seized by the federal government.

On Sunday, he gave more details in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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