#BitcoinStrategicReserve

Yonhap Infomax Newsinfomaxkorea
2025-03-07

President Trump signs executive order for strategic Bitcoin reserve, to be funded by federally-owned Bitcoin from asset forfeitures, with U.S. government estimated to hold 200,000 Bitcoins

en.infomaxai.com/news/articleV

Idris Busarirescueranjazz
2025-03-07
⚯ Michel de Cryptadamus ⚯cryptadamist@universeodon.com
2024-12-10

The always excellent #WallStreetOnParade weighs in on the insanity of the #BitcoinStrategicReserve being flogged by Senator Cynthia Lummis and her army of crypto bros. I was not personally aware of the Exchange Stabilization Fund that they cite as a possible mechanism for Trump to enrich the bros with taxpayer money.

wallstreetonparade.com/2024/12

#crypto #bitcoin #CynthiaLummis #SenatorLummis #cryptocurrency #BTC #Trump #DonaldTrump #uspol #uspolitics

Trump Has a Slush Fund to Prop Up the Dollar - Will He Use It to Prop Up Bitcoin Instead?

By Pam Martens and Russ Martens: December 10, 2024 

The dark veil behind which the U.S. political system has operated since the U.S. Supreme Court's Citizens United decision and its progeny turned presidential elections into a subtle form of payoffs and kickbacks has been lifted.
Donald Trump is handing out cabinet posts and ambassadorships to his largest donors in the most scandalous manner in U.S. presidential history.
Now Trump's crypto megadonors are demanding their own
form of a kickback - a Bitcoin Strategic Reserve, where the U.S. government would, effectively, prop up the price of Bitcoin by buying up large amounts each year and holding it as a Strategic Reserve. (Skeptics might be forgiven for seeing that as a means for Bitcoin billionaires to sell their Bitcoin without driving down the price too much because there is a perpetual buyer on the other side of their trade.)

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