President Donald Trump signed an Executive Order establishing a Bitcoin Reserve Fund, with Bitcoin held in this fund being assets seized from various cases rather than budget appropriations. It is estimated that the government controls around 200,000 BTC, and this order gives the government the authority to control and prohibit the sale of these Bitcoins, treating them as a form of national wealth overseen by the Treasury Department. This move is expected to impact other seized cryptocurrencies as well, as per Trump’s previous statements.
The next point of discussion revolves around the addition of other cryptocurrencies to the Reserve Fund. Initially, ETH, XRP, SOL, ADA are being considered, but the question remains whether more cryptocurrencies will be included in the future.
Source: CNBC
TLDR: President Trump establishes a Bitcoin Reserve Fund with seized assets, intending to control and prohibit the sale of Bitcoins as a form of national wealth, sparking a debate on the inclusion of other cryptocurrencies in the Reserve Fund.
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