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'A pig in lipstick': Trump's strategic Bitcoin reserve criticised
The reserve will hold cryptocurrency forfeited to the government in criminal or civil proceedings, said the White House.
President Donald Trump has signed an executive order to establish a strategic reserve for Bitcoin, making the US one of the few countries in the world to create a national stockpile of blockchain assets. The reserve will hold cryptocurrency forfeited to the federal government as part of criminal or civil proceedings, White House AI and crypto tsar David Sacks said in a post on X. Sacks said the stockpile would serve as "a digital Fort Knox for the cryptocurrency", drawing comparison to a Kentucky military base that stores a significant portion of US gold assets.
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