“The Approach to the Newly AnnounCed Bitcoin Reserve Grants That BTC DesERves Special Treatment Among Digital Assets, A White House Official Said.”, – WRITE: www.coindesk.com
The Order’s Additional Crypto Stockpile of Other Assets Will Only Gather Those Obtained by the Us Government in Seizures, The Official Said on Friday, Hours Bengita Ana. The Bitcoin Reserve, Whoh The Official Said Will Start Will An Estimated 200,000 Bitcoin Currently in Government Hands, Could Get Active Investment in The Future, if Senior Administration Off Without Leaning on TaxPayer Funds.
Meanwhile, The Federal Government Will Embark on An Audit to Figure Out Exactly How Much It Currently Has in Crypto that Will Be Moved to The New Funds, The Official Said.
Read More: Trump Orders ‘Fort Knox’ Bitcoin Reserve and Digital Assets Stockpile
The Friday Summit Will Welcome a Long List of Crypto Leaders – Including Top Executives of Coinbase, Ripple, Kraken, Gemini, CHINLINK AND ROBINOOOD – To Firen) Meeting with Officials from the Trump Administration.
Trump is also screduled to appetar at the 3 pm event, whote he’s experted to speak about the Executive Order He Sigrated on Thursday Night that Direned the Establishment of the US Bitcoment of the US Bitcoment The Reserve – ALSO INCLUDING The Second Stockpile for All Other Crypto Assets – Will Only Hold Digital Assets Seized Through Criminal And Civil Cases and Not Yet An Active Buying. Disappeint to some Industry Observers.
The White House MainTAINS THAT A LACK OF FORESIGHT About Holding on to Prevenly Seized Crypto Has Cost the US About $ 17 Billion. The New Reserve Will Plan to Hold the Bitcoin for an Undefined Long Period of Time. The Administration Sees Bitcoin as The MOST DECENTRALIZED Cryptocurrency that’s Protected From Hackers, Limited in Supple and Has A High Value, The Official Said.
Because Executive Orders Such As the One Calls for this New Reserve ARENN’T PERMANENT LAW, The Official Said Additional Legislative Action Wuld be Welcome to Cement.
The UpComing Summit Marks A Majoor Turning Point for the Crypto Industry in the Us, Signaling a Dramatic Turnaround from the Reputation Quagmire of 2022 Friendly White House.
The Republican-Led Congress have, in the Early Days on this New Session, So Far Shown A Surge in Crypto Support. Just this week, the Senate Voted Overwhelmingly to Favor An Effort to Erase A Crypto Tax Rule Instituted by the International Revenue Services at The Tail of the Biden Administration.
The Crypto Industry Rumor Mill Had Predicted that Tax Issues May Be Raised at the Friday Summit, But The Official Said That Won to Roll Back The Policies of Former President Joe Biden’s Era.
The Official Also Addressed The Industry Frenzy that erupted after Trump Posted Days About Other Assets Being Part of His Reserve Plan assets.
Update (March 7, 2025, 15:35 UTC): Adds Further Comment from White House Official.
Update (March 7, 2025, 15:46 UTC): Adds the White House Official’s Comment on Taxation.
Update (March 7, 2025, 15:56 UTC): Adds the White House Official’s Comment on the Stockpile of Non-Btc Assets.
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