3 Important Things to Know About the U.S. Digital Asset Stockpile
On March 6, the White House announced the creation of the U.S. Digital Asset Stockpile. The move was highly anticipated by the crypto industry, which initially viewed it as a major step by the Trump administration toward making America the "crypto capital of the world" -- a commonly cited campaign promise in the 2024 elections.So let's take a closer look at how the creation of the U.S. Digital Asset Stockpile might affect your crypto portfolio.As outlined in the March 6 executive order signed by President Trump, the U.S. Digital Asset Stockpile will essentially become a central repository for all cryptocurrencies held by the U.S. government, with the exception of Bitcoin. A separate Strategic Bitcoin Reserve will hold the estimated 200,000 Bitcoins belonging to the U.S. government.Continue reading
On March 6, the White House announced the creation of the U.S. Digital Asset Stockpile. The move was highly anticipated by the crypto industry, which initially viewed it as a major step by the Trump administration toward making America the "crypto capital of the world" -- a commonly cited campaign promise in the 2024 elections.
So let's take a closer look at how the creation of the U.S. Digital Asset Stockpile might affect your crypto portfolio.
As outlined in the March 6 executive order signed by President Trump, the U.S. Digital Asset Stockpile will essentially become a central repository for all cryptocurrencies held by the U.S. government, with the exception of Bitcoin. A separate Strategic Bitcoin Reserve will hold the estimated 200,000 Bitcoins belonging to the U.S. government.
