US president Donald Trump may be reported to sign an executive command to create a Bitcoin reserve during the White House Crypto Summit on March 7.
Such reserve is expected to buy more bitcoin (Btc), Compared to the US hanging on BTC has this -owned by criminals seizures, Bloomberg reported On March 6, the people are familiar with the matter.
However, a set of options for what may be many crypto-related actions are still considered. Trump can also announce that the US will stop selling the crypto sale it has got and use it to seed a national crypto stockpile.
One possible proposal may also affect crypto tax treatment, which may be required to review and approve from Congress.
However, Trump’s possible actions are still under the discussion and may not happen or change, Bloomberg reports.
Related: Trump’s World Liberty bought a $ 20m amount of crypto before the March 7 Summit
Trump Signed an Executive Order In January created a working group under the White House AI and Crypto Czar David Sacks to review “creating a strategic national digital assets stockpile.”
On March 2, Trump posted on his social media platform as the fact that the Crypto reserve will include XRP (XRP), Solana (Sol) and cardano (Ada). Later he added Ether (Eth) and bitcoin (Btc) will be the “heart” of the reserve.
Magazine: Crypto adventures of Trump’s crypto raises conflict of interest, insider trading questions
This is a story development, and further information will be added as it is available.
