Bitcoin And Altcoins? Trump’s Order On ‘Digital Asset Stockpile’ Explained

On Thursday, January 23, US President Donald Trump issued the first-ever executive on cryptocurrencies. The order outlines the formation of a “national digital asset stockpile,” which has prompted questions about whether the United States intends to actively purchase Bitcoin (BTC) or merely incorporate confiscated BTC into a reserve. Additionally, the scope regarding the inclusion of altcoins in this stockpile remains uncertain.

The executive order states that “The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.” This broad language has led to varied interpretations among industry experts.

Bitcoin And Altcoins? Buy Or Just Hodl?

Dennis Porter, founder and CEO of the Bitcoin lobbying non-profit Satoshi Act Fund, expressed support for the initiative via X, emphasizing the strategic choice of terminology. “We fully endorse the working group for a ‘Strategic Digital Asset Stockpile’,” Porter said.

He highlighted that “it is pragmatic for the working group to use the word “digital asset” for the exact same reason that Satoshi Act Fund has utilized this approach within our model policy which has passed into law 4 times at the state level.” This strategy, according to Porter, facilitates a broader conversation on the importance of Bitcoin and protects its long-term viability, ultimately aiming to position the United States as the largest holder of Bitcoin globally.

Crypto analyst MacroScope shared insights via X, noting that the executive order lays the groundwork for a strategic Bitcoin reserve (SBR) with a clear timeline. “Groundwork for a strategic Bitcoin reserve is underway with a clear timeline,” he stated and pointed out that within 180 days, the Working Group is expected to submit a report to the President recommending regulatory and legislative proposals to advance the policies established in the order.

Alex Thorn, Head of Research at Galaxy Digital, Go to Source to See Full Article
Author: Jake Simmons

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