Trump Makes Bold Pledge to Maintain U.S. Bitcoin Holdings, Stops Short of Promise of Strategic Reserve
Former President Donald Trump pledged to maintain the current U.S. bitcoin holdings seized from financial criminals, during his keynote speech at the Bitcoin Conference in Nashville. The U.S. Marshals Service frequently auctions off seized cryptocurrencies, which can lead to price drops, as seen recently when Germany liquidated a large bitcoin stash. Establishing a U.S. Bitcoin reserve would require new legislation and congressional approval, and some lawmakers have initiated this process. The U.S. government's existing bitcoin stockpile, acquired from financial criminals, could be the foundation for a bitcoin strategic reserve.
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00:00It's Benzinga, and here's what's on the block.
00:03Former President Donald Trump pledged to maintain the current U.S. Bitcoin holding seized from
00:07financial criminals during his keynote speech at the Bitcoin Conference in Nashville.
00:11The U.S. Marshals Service frequently auctions off seized cryptocurrencies, which can lead
00:15to price drops, as seen recently when Germany liquidated a large Bitcoin stash.
00:20Establishing a U.S. Bitcoin reserve would require new legislation and congressional
00:25approval, and some lawmakers have initiated this process.
00:28The U.S. government's existing Bitcoin stockpile acquired from financial criminals could serve
00:33as the foundation for a Bitcoin strategic reserve.
00:35For all things money, visit Benzinga.com.