Recently, President Trump signed an Executive Order (EO) entitled “Strengthening American Leadership In Digital Financial Technology.”
This file defines how the U.S. federal government prepares to engage with “digital assets,” highlighting the significance of supporting people and services in their interactions with “cryptocurrencies” and “blockchain technology.” Notably, Bitcoin is not referenced at any point within the text.
Of specific issue is its lack in areas talking about the capacity for the President’s Working Group on Digital Asset Markets—also developed by this EO—to produce a nationwide “stockpile” of digital properties.
The EO states:
“The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.”
It is very important to keep in mind that Bitcoin is amongst the 17 digital properties the Federal Government presently holds.
"stockpile" is lingo that suggests holding what they have, however not always purchasing anything
according to @arkham, here’s all the coins that the USG holds over $1m pic.twitter.com/CtLEuP5utA
— Alex Thorn (@intangiblecoins) January 23, 2025
The concept that the federal government would keep the other 16 crypto properties in its ownership raises concerns about its functionality. Many of these properties were not created to function as shops of worth, and a number are simply digital representations of the depreciating U.S. dollar.
Consequently, from a tactical point of view, there seems little validation for the U.S. to stock digital properties that regularly diminish when compared to Bitcoin. Even ignoring the identifying functions that set Bitcoin apart—such as its intrinsic deficiency and the decentralized nature of its network—one should acknowledge that no digital possession has actually effectively exceeded its previous highs versus Bitcoin throughout successive booming market. This observation highlights the reasoning for focusing exclusively on Bitcoin.
Additionally, market specialists share this view:
I didn’t contribute $12 million to Kamala or cost the GOP 3 extra Senate seats like Ripple did.
But I’m still gonna attempt to assist @realDonaldTrump and group comprehend why XRP is the poster kid for why we shouldn’t have a nationwide crypto reserve.
Bitcoin Reserve or absolutely nothing.
— Ryan Selkis (d/acc) 🇺🇸 (@twobitidiot) January 24, 2025
In summary, it would be sensible for President Trump to think about combining the federal government’s digital possession holdings by exchanging the 16 lower properties for Bitcoin. This method lines up with the effective Bitcoin-centric technique embraced by leaders such as President Bukele. There is a growing agreement that acknowledging Bitcoin as an exceptional cost savings innovation is necessary, identifying it from all other digital properties.
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