Crypto News

Bitcoin fell 5.7% to just under $85,000 as investors reacted to Trump’s executive order establishing a Strategic Bitcoin Reserve.Source link

President Donald Trump enacted an executive directive on Thursday, instructing federal agencies to launch a U.S. strategic bitcoin repository and a complementary repository for other digital currencies, solely funded by assets seized in civil or criminal cases. Trump’s ‘Digital Fort Knox’ Unveiled The order mandates the creation of a Bitcoin Strategic Reserve to store cryptocurrencySource link

President Donald Trump has directed his administration to establish a Bitcoin Strategic Reserve to hold the assets that have been seized by the government, and he's additionally called for a crypto stockpile of other types of assets.At this point, all of the assets contemplated by the order would be those seized in civil or criminal forfeitures. The bitcoin will be stored for long-term value in what was termed a "digital Fort Knox.""The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings," said David Sacks, Trump's crypto czar, in a statement posted on social media site X.In a video showing the president signing the order, Trump says...

The former FTX boss was sentenced to 25 years in the slammer for his role in the spectacular collapse of one of crypto’s largest exchanges. Tucker Carlson Sits Down with Sam Bankman-Fried for Candid Prison Interview Donning a brown jacket, a gray t-shirt, and sipping on a beverage from a white flask, Sam Bankman-Fried orSource link

The order also seeks to provide a "full audit" of the U.S. Goverment's digital asset holdings which is estimated to possess 200,000 bitcoin.Source link