During 2024’s presidential election, the crypto industry gave generously to Donald Trump, lobbying hard for him to win. Now that their guy is in the White House, they’re hoping he will deliver on his promise to make America the “world capital” of cryptocurrency.
President Donald Trump ordered the creation of a digital asset working group on Thursday which, among other things, would be tasked with exploring a U.S. cryptocurrency stockpile.
The idea that the government would hold onto the 16 other crypto assets the government is holding is both silly and pointless, as none of those other assets were designed to be a store of value, and a chunk of them are just digital versions of the ever-debasing U.S. dollar.
Trump’s executive order establishes a crypto working group to regulate digital assets and explore a Bitcoin strategic reserve.
· 20h · on MSN
Bitcoin drops after Trump signs executive order on crypto and ‘national digital asset stockpile’
Bitcoin Sees Renewed Volatility in Absence of Immediate Crypto Actions Under Trump
Bitcoin fell as the absence of immediate cryptocurrency executive actions from the Trump administration led to renewed volatility, Hargreaves Lansdown said.
Crypto executives fear investor backlash over Trump memecoins
The memecoins launched by President Donald Trump and his wife days before his inauguration are damaging the industry’s reputation and risk a backlash from investors, crypto executives have warned. $TRUMP was launched by the president on Friday evening in the US and was followed on Sunday by $MELANIA.
Trump is a man in a hurry, and social media is buzzing with questions about whether he will fulfill his promise of a strategic Bitcoin reserve.
BlackRock chief executive Larry Fink as revealed he's had discussions with sovereign wealth funds about buying bitcoin..
Ripple is under fire for influencing Donald Trump to sign an order for a digital asset stockpile instead of a strategic Bitcoin reserve.
Bitcoin’s most likely outcome is to range trade until either a Trump executive order or the upcoming Fed FOMC occurs.
Instead of waiting to see whether Donald Trump follows through on his endorsement of a national “strategic’ Bitcoin stockpile, states are taking matters into their own hands.
Nine U.S. states have seen strategic Bitcoin reserve bills introduced. Pennsylvania was first, followed by Texas, Ohio, and New Hampshire followed. Is Florida next?
Ongoing presidential backing for digital assets is a key determinant for the continuation of 'crypto's golden era,' the report said.
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