Crypto Fans Underwhelmed by “Symbolic” Trump Order Creating US Bitcoin Reserve
The executive order establishing a strategic bitcoin reserve is largely symbolic, providing no timeline for the acquisition of additional bitcoins by the US government. Despite President Trump's promise to make America the "crypto capital of the world," the lack of an active buying plan has disappointed many cryptocurrency enthusiasts. The reserve, which currently holds seized bitcoins already in the Treasury Department's store, does not address the fundamental issue of a steady supply of digital assets.
- This symbolic move risks perpetuating a perception that government involvement in the crypto market is more about show than substance, potentially undermining trust among investors and users.
- Will the US government attempt to rectify its underwhelming approach to cryptocurrency regulation with more concrete actions in the future?