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Bitcoiners Don't Understand the Importance of Digital Assets in Trump's Executive Order

Bitcoiners Don't Understand the Importance of Digital Assets in Trump's Executive Order

HappyCoinNewsHappyCoinNews2025/01/24 18:33
By:HappyCoinNews

Bitcoiners are confused about what the term “digital asset reserve” means in Donald Trump’s executive order signed by the US President on January 23.

On Thursday, Trump ordered form a working group whose activities will be aimed at strengthening the US position in the crypto industry. In particular, members of this department will have to develop a set of rules for regulating the circulation of cryptocurrencies and a plan for creating a “digital asset reserve.”

According to Travis Kling, director of investment company Ikigai Asset Management, Bitcoin - maximalists are at a loss regarding what is meant by the vague term “digital asset stock.” Will it include only Bitcoin or a few other altcoins, such as, эфириум и Solana (SUN).

Head of the popularizing Bitcoin - Satoshi Action Fund's Dennis Porter believes that Trump was wise to use the phrase "digital assets" instead of specific cryptocurrencies. In his opinion, the term "digital assets" is neutral and reduces the political resistance to Donald's initiative.

During the election campaign, Trump promised to create a strategic national reserve of bitcoins based on BTC confiscated from criminals. So it is safe to assume that there will be a place for bitcoins in the digital asset fund.

According to the Arkham company, it is now on the US government's books. are stored 198,109 BTC worth $20,6 billion at the current rate, as well as ethereum, stablecoins Tether (USDT) and other coins that are likely to become part of the US government's digital asset reserve.

Bitcoiners Don't Understand the Importance of Digital Assets in Trump's Executive Order image 0

Cryptocurrencies stored in US government wallets

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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