Trump's 'Strategic Bitcoin Reserve' creates a white house crypto summit

The actor of the SEC department discusses the suspension in Mark Uyeda, crypto firms, regulation, China's US markets and technology for the independence.

President Trump, Thursday, signed a decree to create a strategic Bitcoin Reserve. Crypto Czar David Sachs, Xed to his action through an article in the X.

“The federal government will be capitalized by the federal government detained by the federal government within the confiscation of a crime or civil asset. This will not be a penny to taxpayers,” he said. “The US government is estimated to have about 200,000 BITCOIN; EO will never sell any time of the Federal government. The reserve will not be kept as a warehouse.

Sachs, a Pro-Crypto Veteran, which will form future policies around a Silicon Valley and digital assets, repeated the criticism of administrations before he discards the ball Bitcoin, the biggest cryptocurrency by market value.

“Bitcoin's premature sales of sales have expected us more than $ 17 billion. Now the federal government will have a strategy to maximize the value of the owners,” he said.

Sachs was also noted that other digital currencies can be used.

“In addition, the U.S. digital asset is the US digital asset from Bitcoin, in addition to the executive order, criminal or civilian.”

The action comes on the eve of a Friday round table with members of the Presidential Working Group on digital assets in cases as a “digital asset summit”.

Participants can be added to the following crypto leaders in the Thursday session:

Tyler and Cameron Winkillevoss, Twins Founders
Vlad Tenev, RobinHood CEO
Arjun Sethi, Kraken CEO
Michael Seylor, Founder and Strategy Director (Previously MicroStraty)
Brian Armstrong, Coinbase CEO
Sergey Nazarov, co-founder of ChainLink
Kyle Samani, to manage a joint in Multicoin capital
Zach Witkoff, Ministry of Finance of Freedom Freedom Supporting Trump
JP Richardson, CEO of the speech
Matt Huang, a founder of paradigma
David Bailey, CEO of Bitcoin magazine

Last Sunday, before the meeting Trump has developed a strategic backup plans For cryptocurns, the truth is sent social:

“A US CRYPTO Reserve This critical industry has been a strategic advancement in the strategic reserve, which has been a cryptist, which is the executive order in digital assets since the corrupt attacks of the Biden administration. I'm sure the United States is crypto of the world. We're doing great again America! “

Here is a real-time valuable image of popular cryptos.

Trump's Crypto Czar reduces the government's Bitcoin 'long-term strategy