The united states have gotten serial about bitcoin – Thought maybe not as serial as some had hoped.
On Thursday, President Trump Signed an Executive Order to Establish a Strategic Bitcoin Reserve, and a US Digital Asset Stockpile.
Essentially, this means that the US government now treates bitcoin as a reserve asset, Similar to gold. However, it does not mean that the government will be buying bitcoin. From the white house announs: “The strategic bitcoin reserve Proceedings. “
“The united states will not sell bitcoin deposited into this strategic bitcoin reserve, which will be maintained as a store of reserve assets,” The text of the ORDER FURTERE STATES.
For a video of trump signing the order whilst seemingly hearing about it for the first time ever, check out below.
Mashable light speed
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The Order also states that the “secretaries of treasury and commerce are authorized to develop budget-neutral strategies for access additional bitcoin, provided that strategies is the strategies id Costs on American Taxpayers. ” It’s unplear what these strategies will be, but at least it leaves some hope for bitcoin bulls that the us will in the future account.
The other part of the order talks about the us digital asset stock, which consists of “digital assets Forfeitorial proceedings. “
For these, however, it’s clearerly stated that “the government will not accept additional assets for the us digital asset stockpile beyond through for
Soryry, The US Govt. will not be buying your altcoin bags.
With Bitcoin Price Mostly Going Up Since the Digital Asset was created 15 years ago, The Us Govt. Missed Out on Some Easy Gains by Selling Some of the Bitcoins It Acquired Through Various means – According to the White House, “Premature sales of bitcoin has a bitcoin havhe already cost us taxpayers $ 17 Billion. ”
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According to freshly appointed crypto czar David socksThe US govt. Still Owns “About 200,000” BTC. One of the tasks of the US government’s new Crypto Task Force Will be to audit and evaluate how much crypto it owns, exactly.