The US government bagged $366 million from its Bitcoin sales over the years, but had it held its stash, it would now be more than $17 billion.
White House-appointed ‘Crypto Czar’ David Sacks confirmed that he liquidated all his cryptocurrency holdings—including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Solana (CRY
Trump's executive order launching a Strategic Bitcoin Reserve marks a shift in US crypto policy, as David Sacks reveals a $16 billion bitcoin misstep.
The president’s crypto czar also said there is no evidence that Trump has personal investment in cryptocurrencies like Bitcoin.
Gordon Johnson, an analyst at GLJ Research, criticized what he called market “corruption” Sunday following President Donald Trump‘s announcement of a strategic U.S. cryptocurrency reserve that would include several digital assets.
Trump’s executive order establishes a Bitcoin reserve while relegating other cryptos to a stockpile. Market reaction, insider concerns, and policy implications unpacked.
United States President Donald Trump’s executive order to establish a Bitcoin strategic reserve and a stockpile of other digital assets has failed to impress crypto markets, with Bitcoin’s value plummeting following the announcement.
On-chain data has revealed that the United States government’s public wallets currently hold 198,109 Bitcoins, approximately $16.92 billion.
The reserve will hold cryptocurrency forfeited to the government in criminal or civil proceedings, said the White House.
President Donald Trump is advancing policy and regulations by creating a "Strategic Bitcoin Reserve" aimed at making the U.S., the crypto capital of the world. Other cryptos may also play a role.