President Donald Trump excited On Thursday, he signed an executive order containing several measures regarding digital assets and appealed to the crypto community.
“The digital asset industry plays a critical role in American innovation and economic development, as well as in our nation's international leadership,” the order reads.
“The war against virtual currencies is over.”
The order asks the task force to consider developing a national digital asset stockpile that “may be derived from virtual currency lawfully seized by the federal government through the efforts of law enforcement.”
The government has seized more than $20 billion in digital assets, including Bitcoin. Mr. Trump had previously promised to order the government to hold onto digital assets rather than auctioning them off as usual.
“If I am elected, it will be the policy of my administration, the United States of America, to retain 100% of all Bitcoin currently held or acquired by the U.S. government,” he said at a Bitcoin conference in July. It will be,” he said.
Some crypto enthusiasts expressed disappointment that President Trump did not announce any purchases of cryptocurrencies to add to the stockpile.
The order establishes support for cryptocurrency development by allowing people to maintain private cryptocurrency wallets rather than using services like Coinbase, which can be more easily monitored by the Internal Revenue Service. did.
The order also banned government-run digital currencies.
“An outstanding EO by President Trump that prohibits the creation of government-run digital currencies and protects the privacy and economic freedom of Americans. This is exactly what my Central Bank-Free Digital Currency Act was created to accomplish. It is.” answered Republican Sen. Mike Lee of Utah.
“The war over cryptocurrencies is over. This is just the beginning of America reclaiming its position as the world's innovation leader,” Sachs said on Cryptoball on Friday.
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