Overview
- President Donald Trump signed a decree creating a strategic Bitcoin reserve, holding approximately 200,000 BTC valued at over $17 billion.
- The reserve will include Bitcoin obtained through government seizures, with additional acquisitions allowed without taxpayer expense.
- A separate digital asset stockpile will hold Ethereum, Solana, and other cryptocurrencies, though no active purchases are planned for these assets.
- Trump hosted a cryptocurrency summit at the White House, emphasizing his goal to make the U.S. the 'crypto capital of the world.'
- Critics raise concerns about potential conflicts of interest involving the Trump Organization and the broader implications of aligning government policy with industry interests.