Those who cheered U.S. Bitcoin reserve have spent year watching Trump’s order languish
The executive order to build President Donald Trump’s Strategic Bitcoin Reserve has awaited congressional action, and sources say there’s one idea left for 2026.
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Bitcoin Strategic Reserve
The executive order to build President Donald Trump’s Strategic Bitcoin Reserve has awaited congressional action, and sources say there’s one idea left for 2026.
Traders are disappointed the crypto reserve plans won’t add any buying pressure to the market, at least in the near term, with few catalysts to buoy the market.
White House crypto and AI czar David Sacks said on X that the stockpile will also include other coins forfeited in criminal or civil proceedings
The U.S. president directed his administration to establish a bitcoin reserve to hold seized assets, and it’s setting up a separate crypto stockpile.
Texas’ bitcoin strategic reserve bill clears its senate, while New Hampshire marks a committee win and Utah teeters on a deadline this week.
Five states’ crypto efforts faltered as Texas advances and Utah nears a final vote, leaving the state-level push for digital asset reserves with mixed results.
The Federal Reserve could issue debt or sell some of its gold reserves to fund purchases of BTC, the report said.
Utah cleared its digital assets bill through the state house, and Kentucky and Maryland introduced their own efforts, making it 18 states working on such bills.
Senator Cynthia Lummis, set to lead the Senate Banking Committee’s digital assets panel, went after the sale of U.S. bitcoin holdings and FDIC debanking.
The difference in outlook between traders and high net-worth individuals has never been greater, according to David Siemer, CEO of Wave Digital Assets.