{"id":23430,"date":"2025-03-07T00:58:14","date_gmt":"2025-03-07T01:58:14","guid":{"rendered":"https:\/\/medexperts.pro\/?p=23430"},"modified":"2025-03-07T02:23:10","modified_gmt":"2025-03-07T02:23:10","slug":"trump-signs-order-to-create-a-crypto-reserve-adviser-says","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=23430","title":{"rendered":"Trump Signs Order to Create a \u2018Crypto Reserve,\u2019 Adviser Says"},"content":{"rendered":"
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President Trump signed an executive order on Thursday to create a national stockpile of Bitcoin and other digital currencies, an adviser said, an audacious idea that has been widely criticized as a scheme to enrich crypto investors.<\/p>\n

The basis of the stockpile will be a stash of Bitcoin, estimated to be worth as much as $17 billion, that the United States has seized in legal cases over the years, according to a summary of the order<\/a> posted on social media by David Sacks, the White House\u2019s crypto and A.I. policy czar.<\/p>\n

The order also calls for federal agencies to develop \u201cbudget-neutral strategies\u201d to buy more Bitcoin, the most popular digital currency, as long as those purchases do not generate extra costs for taxpayers.<\/p>\n

\u201cThis Executive Order underscores President Trump\u2019s commitment to making the U.S. the \u2018crypto capital of the world,\u2019\u201d Mr. Sacks wrote in his post. He said the United States would not sell any Bitcoin in the reserve, which he likened to \u201ca digital Fort Knox.\u201d<\/p>\n<\/div>\n<\/div>\n

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Since Mr. Trump took office in January, his administration has moved rapidly to elevate the crypto industry, a volatile sector that had battled with federal regulators for years. The Securities and Exchange Commission has dropped<\/a> lawsuits against two of the biggest U.S. crypto companies and halted investigations into several others. And on Friday, Mr. Trump is scheduled to host crypto executives at the White House for a first-of-its-kind \u201ccrypto summit.\u201d<\/p>\n

Mr. Trump has a personal stake in the success of the crypto industry, creating conflicts of interests that have raised alarms with government ethics experts. Last year, he started a business, World Liberty Financial, that offers a cryptocurrency called WLFI. Just days before his inauguration, he also began selling a so-called memecoin \u2014 a type of cryptocurrency tied to an online joke or a celebrity figure.<\/p>\n

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President Trump signed an executive order on Thursday to create a national stockpile of Bitcoin and other digital currencies, an adviser said, an audacious idea that has been widely criticized as a scheme to enrich crypto investors.The basis of the stockpile will be a stash of Bitcoin, estimated to be worth as much as $17 billion, that the United States has seized in legal cases over the years, according to a summary of the order posted on social media by David Sacks, the White House\u2019s crypto and A.I. policy czar.The order also calls for federal agencies to develop \u201cbudget-neutral strategies\u201d to buy more Bitcoin, the most popular digital currency, as long as those purchases do not generate extra costs for taxpayers.\u201cThis Executive Order underscores President Trump\u2019s commitment to making the U.S. the \u2018crypto capital of the world,\u2019\u201d Mr. Sacks wrote in his post. He said the United States would not sell any Bitcoin in the reserve, which he likened to \u201ca digital Fort Knox.\u201dSince Mr. Trump took office in January, his administration has moved rapidly to elevate the crypto industry, a volatile sector that had battled with federal regulators for years. The Securities and Exchange Commission has dropped lawsuits against two of the biggest U.S. crypto companies and halted investigations into several others. And on Friday, Mr. Trump is scheduled to host crypto executives at the White House for a first-of-its-kind \u201ccrypto summit.\u201dMr. Trump has a personal stake in the success of the crypto industry, creating conflicts of interests that have raised alarms with government ethics experts. Last year, he started a business, World Liberty Financial, that offers a cryptocurrency called WLFI. Just days before his inauguration, he also began selling a so-called memecoin \u2014 a type of cryptocurrency tied to an online joke or a celebrity figure.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":23432,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-23430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/23430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23430"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/23430\/revisions"}],"predecessor-version":[{"id":23433,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/23430\/revisions\/23433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/23432"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}