The reservation will mainly have previously seized cryptography, but finally a calculated BTC purchase strategy is possible.
The president of the United States, Donald Trump, signed an executive order in March 6 Establish a strategic reserve and reserve of cryptocurrencies.
The First Order creates a strategic reserve composed of Bitcoin (BTC) previously seized by the United States government and currently in the hands of the Treasury. The government has promised not to sell bitcoin stored in the reserve.
Second, it creates a reserve of digital assets of the United States composed of assets other than BTC seized by the Government and in the hands of the Treasury. Unlike the main strategic reserve, the Treasury Secretary may allow assets in secondary reserve to be sold.
According to a real social position by Trump, the strategy could involve sustaining Ethereum (ETH), XRP, Solana (Sol) and Cardano (ADA), although these cryptocurrencies are not mentioned in the Government’s fact sheet.
Trump’s order does not describe immediate plans to buy new cryptocurrencies, disappointing critics who anticipated new government investments.
Andrew O’Neill de S&P Global Ratings described the order “mainly symbolic”, since it mainly recognizes Bitcoin as a legitimate reserve asset of the United States government.
Meanwhile, the founder of Capriole Investments, Charles Edwards, described the order as “disappointing and disappointing” due to the absence of an active purchase policy.
The strategy does not completely rule out the new cryptographic investments. In particular, it allows Treasury and Commerce secretaries to develop neutral Bitcoin acquisition strategies in the budget provided they do not impose incremental costs to taxpayers.
However, the executive order completely rules out government purchases of cryptographic assets for secondary reserve.
The reserve strategy aims to maximize the value of the government’s cryptographic holdings. The White House called the past management of federal criptography agencies seized “disarticulated”, which describes premature sales to low and active active values ​​between the agencies.
He said that the new long -term tenure strategy will promote “national prosperity instead of leaving [the assets] languish in limbo. “
David Sacks, the cryptographic tsar of the Trump administration, He said that The early sale of the Bitcoin government has cost taxpayers around $ 17 billion in value. On the contrary, the new strategy, which preserves existing holdings, “will not cost taxpayers a penny.”
Sacks said that the United States government has 200,000 BTC, but that the amount is not audited. The order will imply counting all holdings.
Together with the announcement, the White House organized a summit With cryptographic leaders. Attendees discussed how the broader cryptographic policies of Trump can open the cryptographic sector in contrast to the most restrictive policies under the Biden administration.
Discharge of responsibility: The information contained in this document is provided without considering its personal circumstances, therefore, it should not be interpreted as financial advice, investment recommendation or an offer or application for any transaction in cryptocurrencies.
