According to official calculations, the Federal Administration of the United States has around 200,000 bitcoins. However, so far a complete survey was made to resolve the total number. “The Executive Order orders a complete accounting of federal government digital assets,” he said David Sacks, Cryptocurrency specialist and artificial intelligence of the White House.
Trump created the Bitcoin Reserve
Julián Colombo, general director of Bitso Argentina, explained that between Friday night and this Saturday, “there was an initial fall of Bitcoin, because The market expected Trump to announce the purchase of new crypto, but it was announced that only those that the United States government already have previous criminal seizures would be used. But then he recovered, the Rollback of the rates made the market lift again “, in the middle The nation.
Likewise, the CFO of Lemon, Maximiliano Raimondi, explained that cryptocurrency More than 20% fell between February 23 and 27highlighting: “Today he regained ground and exceeded US $ 90,000 after the advancement of the United States Secretary of Commerce on a crypto summit in the White House.”
Under this framework, Santiago Siri, founder and president of Democracy Earth Foundationlinked the Bitcoin climb in January with the assumption of the Republican President. “That was the market movement anticipating this campaign promise that was finally fulfilled. “
In addition, Siri explained that it is not only a positive step for the sector, but also legitimizes the role of Bitcoin in the world economy, comparing that “the United States does it is much more powerful than El Salvador does.”
“A well -established crypto strategic reserve, together with a clear regulatory framework, will position the United States to maintain its leadership in the digital asset sector. In OKX, we expect this continuous impulse with interest, since we believe that it will promote true innovation in crypto -industry and improve the management and movement of digital assetsallowing more people to contribute to the digital economy, “added Alejandro Estrin, Country Manager of OKX Argentina.
“The reservation It will be capitalized with bitcoins owned by the federal government that have been confiscated as part of seizures of criminal or civil assets. This means that taxpayers will not cost them even a penny, “he reported David Sacks, Cryptocurrency specialist and artificial intelligence of the White House.
In addition, the official said that no bitcoin deposited in the reserve will be sold. “It will be kept as a value reserve. The reserve is like a strong digital KNOX for cryptocurrency often called” digital gold “,” he said. And he assured that the executive order “underlines President Trump’s commitment to make the United States the “World Capital of cryptocurrencies” “.
In that sense, he said that “Bitcoins premature sales” have cost US taxpayers “More than US $17,000 million in lost value. “With that new Bitcoin reserve, the federal government” will have a strategy to maximize the value of its holdings. “
The order authorizes the Secretaries of Treasury and Commerce “to develop budgetary strategies to acquire additional bitcoins, provided that these strategies do not have incremental costs for US taxpayers,” Sacks continued.
In parallel, the measure also establishes a reserve of US digital assets. It will consist of digital assets “different from Bitcoin confiscated in criminal or civil procedures.” The government promised not to acquire additional assets “beyond those obtained through confiscation procedures.” The objective of the reserves “is the responsible administration of the digital assets of the government under the department of the Treasury.”
The White House official highlighted the new measure as a campaign promise “fulfilled” by President Trump, who had committed to his voters to create a strategic Bitcoins reserve and a deposit of digital assets. “Those promises have been fulfilled,” Sacks said.
The Crypto and Artificial Intelligence official thanked the president “for his leadership and vision by supporting this avant -garde technology and for his rapid execution in support of the digital asset industry.” As he said, the current administration “advances to” technological speed. “
“Bitcoin is the instrument with more credibility and neutrality in the world. Has a thermodynamic energy barrier that makes impossible that anyone can modify their game rulesits 21 million units, its issuance rhythm, “Siri added.
On the other hand, Raimondi Adelató that, in addition to its impact at the financial level, the creation of a Bitcoin National Strategic Reserve could mark a “Turning point” in the institutional adoption of Crypt. “It would accelerate the transition to a more decentralized, digital and resistant global economy,” he said.
Donald Trump headed a crypto summit in the White House
The republican magnate and president was the Host of the “Crypto Summit”after having been hostile for a long time to cryptocurrencies, changing posture during the last presidential campaign.
He even associated with a new exchange platform, World Liberty Financial, and then launched its own electronic currencyTrump, in mid -January, which generated accusations of conflict of interest.
These criticisms had already been formulated after the cryptocurrency industry contributed more than 100 million dollars to the Republican campaign.
Before the event, Trump had cleared the cryptocurrency horizon by designating Paul Atkins, a supporter of these new types of financial assets, as director of the Bag and Securities Commission (SEC).
Under its leadership, the SEC withdrew demands against great actors from the sector, such as the Coinbase and Kraken platforms, launched under the mandate of President Joe Biden, a strong critic of digital currencies.
Source: Ambito
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