Coinbase CEO Brian Armstrong Lauds Donald Trump For ‘Incredible Execution’ In Establishing Strategic Bitcoin Reserve
Industry experts have lauded President Donald Trump‘s executive order establishing a Strategic Bitcoin Reserve, viewing it as a transformative step that could spur global adoption and legitimize Bitcoin (CRYPTO: BTC) as a financial asset.
The order utilizes 200,000 Bitcoin already held by the federal government from criminal and civil forfeiture proceedings, aiming to position the U.S. as a dominant player in cryptocurrency without taxpayer costs.
What Happened: White House artificial intelligence and crypto czar David Sacks, a key figure in Trump’s administration, detailed the executive order’s provisions, noting that the reserve will be capitalized with seized Bitcoin, ensuring no additional burden on taxpayers.
“The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value,” Sacks …
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