President Donald Trump has signed an executive order to establish a strategic reserve for Bitcoin, making the US one of the few countries in the world to create a national stockpile of blockchain assets. The reserve will hold cryptocurrency forfeited to the federal government as part of criminal or civil proceedings. The US will not sell any Bitcoin deposited in the reserve, and instead keep it as an asset. Trump plans to make the US “the Crypto Capital of the World”. Further details are expected when the president is due to host the first crypto summit at the White House on Friday. It is unclear whether the planned reserve could face legal hurdles, or if it might require an act of Congress.
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