US President Donald Trump has signed an executive order establishing the country’s strategic bitcoin reserve. Trump’s order comes a day before his meeting with cryptocurrency executives at the White House.
Explaining the details of the order, White House AI and Crypto Czar David Sacks said that the eserve will be capitalized with bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings.
“This means it will not cost taxpayers a dime,” he said.
(This is a breaking, refresh for updates)
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
Air India is under fire for the second time in thirteen months for its inability…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
The Digital Ethics Centre at Delft University of Technology, Netherlands, has been designated as a…
India has the unenviable distinction of being a global diabetes hotspot. More than 100 million…
Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election…