Trump may sign Bitcoin reserve executive order at crypto summit: Report
US President Donald Trump could issue an executive order as soon as March 7 to create a reserve for the country to buy Bitcoin, Bloomberg reports.
US President Donald Trump could reportedly sign an executive order to create a Bitcoin reserve during the White House Crypto Summit on March 7.
Such a reserve would be expected to buy more Bitcoin (BTC), in comparison to the US hanging on to the BTC it already owns through criminal seizures, Bloomberg reported on March 6, citing people familiar with the matter.
However, a range of options for what could be several crypto-related executive actions are still being considered. Trump could also announce that the US will stop selling crypto it has seized and use it to seed a national crypto stockpile.
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Author: Jesse Coghlan
