3 ms·
Could they take any currently seized bitcoins and just shuffle that sideways into a reserve? It'd break the main point of this though which imo is to boost the
by rtkwe 2y ago
Could they take any currently seized bitcoins and just shuffle that sideways into a reserve?
It'd break the main point of this though which imo is to boost the price of various crypto assets they're probably flush in since the Trump family personally just did two back to back memecoin rug pulls.
- nickthegreek 2y agoI believe that would be considered a stockpile. A reserve would mean new purchases. https://www.npr.org/2025/03/04/g-s1-51748/trump-crypto-reserve-bitcoin-stockpile-ether https://www.npr.org/2025/03/04/g-s1-51748/trump-crypto-reser...
- rtkwe 2y agoIn that vein the actual order never uses the phrase 'reserve' only stockpile. I'm not sure it would rule it out though you could start it with the existing assets and then actively manage it like a reserve. https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/ https://www.whitehouse.gov/presidential-actions/2025/01/stre...
- nickthegreek 2y agoI think one requires congressional approval (reserve), the other does not (stockpile).
- rtkwe 2y agoI mean they're not exactly following the separation of powers right now...
- rtkwe 2y agoAnother possible goal is to try to hamper any regulatory or legislative threats to crypto since it would affect a 'strategic resource'.