American crypto firms are still basking in their electoral victory after pulling off a remarkable political comeback and gaining influence in D.C. last November—but does a brewing civil war among their ranks now threaten to call the honeymoon off?

Last week, President Donald Trump issued a much-anticipated executive order on crypto, making good on a promise to deliver the industry a grab-bag of wishlist items. While the order thrilled many, it was the document’s omission of a single word that threatened to undo a fragile truce among crypto’s competing factions: Bitcoin. 

Throughout his campaign, Trump vowed to establish a strategic federal Bitcoin stockpile, which would effectively invest the U.S. government in the world’s top cryptocurrency. Last week’s executive order did indeed

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Author: Sander Lutz