Congressman On Digital Assets Subcommittee Buys Bitcoin ETF Before Trump’s Strategic Reserve Announcement
The cryptocurrency world is buzzing this week with news of a Strategic Bitcoin (CRYPTO: BTC) Reserve from President Donald Trump, which comes months after his presidential election victory sent crypto to new all-time highs.
While investors may have loaded up on Bitcoin and related investments ahead of the official Executive Order, one member of Congress also bought ahead of the announcement.
What Happened: Trump’s Executive Order to establish a Strategic Bitcoin Reserve will see the initial funding from Bitcoin owned by the federal government that won’t be sold.
“I made the promise, right,” Trump said in a video signing the Executive Order Thursday.
The news follows a social media post from Trump on March 2 that said a reserve could include cryptocurrencies like Bitcoin, Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), Cardano (CRYPTO: ADA) and XRP Token (CRYPTO: XRP).
Days before Trump’s post and the Executive Order, Senator David McCormick (R-Pa.) bought up $65,000 to $150,000 …
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