温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/vi/46709.html
点击访问原文链接

Trump signed an executive order on the strategic reserve of Bitcoin. Why did the market plummet? | Bee Network

进入原网站 导航首页
Trump signed an executive order on the strategic reserve of Bitcoin. Why did the market plummet? | Bee Network Login Tin tức thịnh hành Nền tảng khởi chạy meme Các tác nhân trí tuệ nhân tạo (AI) DeSci TopChainExplorer Dành cho Newbee Tiền xu 100 lần Trò chơi Ong Trang web cần thiết ỨNG DỤNG Phải Có Người nổi tiếng về tiền điện tử DePIN Tân binh cần thiết Máy dò bẫy Công cụ cơ bản Trang web nâng cao Trao đổi Công cụ NFT CHÀO, Đăng xuất Vũ trụ Web3 Trò chơi Ứng dụng phi tập trung (DApp) Tổ ong Nền tảng phát triển QUẢNG CÁO Tìm kiếm Tiếng Anh Nạp xu Đăng nhập Tải xuống Đại học Web3 Trò chơi Ứng dụng phi tập trung (DApp) Tổ ong QUẢNG CÁO trang chủ•Phân tích•Trump signed an executive order on the strategic reserve of Bitcoin. Why did the market plummet? Trump signed an executive order on the strategic reserve of Bitcoin. Why did the market plummet?Phân tích12 tháng trước更新Wyatt 34.3452 35 This morning, the long-awaited executive order on the strategic reserve of Bitcoin finally came. At around 8 a.m. on March 7, David Sacks, director of AI and mật mãcurrency at the White House, posted on social media that President Trump had signed an executive order to establish a strategic reserve of Bitcoin a few minutes ago. However, after this great good news came out, the price of Bitcoin suddenly plunged, falling from around $90,000 to below $85,000 within an hour. As of writing, the price of Bitcoin has rebounded to around $88,000.

It is worth noting that the strategic reserve will be capitalized with bitcoin owned by the federal government, that is, bitcoin confiscated by the U.S. government in criminal or civil asset forfeiture proceedings. The U.S. government will not sell any bitcoin deposited in the reserve, but it is also unlikely to purchase more bitcoin. This means it wont cost taxpayers a penny, David Sacks wrote in a tweet.

Hoarding without buying triggers Sell The News In January, Trump signed an executive order directing his administration to assess the possibility of establishing and maintaining a national digital asset reserve and set up a working group to study the feasibility, chaired by David Sacks. In his report on strategic reserves, 10x Research analyst Marcus pointed out that there is a key difference between reserve and creating and maintaining a national digital asset reserve.

The word reserve indicates an active strategy of acquiring more assets, while build and maintain implies a more passive approach, a strategy of hoarding but not buying. Marcus mentioned in the report that although the executive order targets a wider range of digital assets rather than Bitcoin, it also means that the US government prefers to continue holding existing cryptocurrencies rather than buying more crypto assets.

On the other hand, Trump’s executive order on the strategic reserve of Bitcoin is still far from being approved by Congress, and it will take several months before it is officially passed and takes effect, which further stimulates traders’ Sell The News sentiment and motivation.

The U.S. governments handling of currency, reserves, and financial assets is governed by laws and institutions such as the Treasury Department and the Federal Reserve. Unlike gold or oil, Bitcoin is not a physical asset that the government can store in the traditional sense. It is a decentralized digital currency, so reserves mean that the government needs to store Bitcoin through a series of safe and reliable formal processes, which will further raise questions about funds, security, and other aspects.

However, many practitioners who have close ties to the current pro-crypto government also expressed positive views on the executive order.

David Sacks, the White House AI and cryptocurrency director, posted on social media that the U.S. governments premature sale of Bitcoin has cost U.S. taxpayers more than $17 billion. Now, the federal government will develop a strategy to maximize the value of its Bitcoin holdings. Coinbase director Conor Grogan posted on social media that according to my estimate, the U.S. government holds 198,109 Bitcoins. This executive order will reduce selling pressure by about $18 billion.

It is also worth noting that in addition to the federal governments efforts in Bitcoin strategic reserves, many US states have also responded positively in this regard. So far, 18 US states have considered or proposed legislation to establish state-level strategic Bitcoin reserves. On February 27, the Texas Commerce and Business Committee took the lead in reviewing and passing the Bitcoin Reserve Act and submitted it to the Senate for review.

The bill aims to establish a state-controlled Bitcoin reserve to enhance financial security and promote digital asset innovation. Its main contents include: authorizing the Texas government to hold Bitcoin as a financial asset, the Texas Comptrollers Office is responsible for management, implementing cold storage solutions and conducting regular audits, prohibiting the acquisition of Bitcoin from foreign entities or individuals involved in illegal activities, etc. If passed by a two-thirds majority of the Senate, the bill will take effect immediately, otherwise it will officially take effect on September 1, 2025.

On March 7, the Texas Senate passed the Strategic Bitcoin Reserve Act SB-21 with 25 votes in favor and 5 votes against. After that, SB-21 needs to be submitted to the Texas House of Representatives, where the bill will be assigned to relevant committees for review, revision, and hearings.

If the House makes changes to SB 21, the Senate must agree to those changes, or the two sides will need to work out a final version through a conference committee. The final version that both sides agree on will then need to be voted on separately. After passing the House and Senate, the bill will be sent to the Governor of Texas for his signature. The Governor can choose to sign the bill, making it law.

Soul-searching question: Should the Bitcoin confiscated in the Bitfinex case be returned? Currently, the U.S. government holds about 200,000 bitcoins, worth about $18 billion at current prices. These bitcoins were seized through various law enforcement actions, with the two main sources being the bitcoins confiscated in the Silk Road case and the bitcoins seized in the 2016 Bitfinex hack.

Bài đọc liên quan: What are the US government Bitcoin addresses ?

In February 2022, the U.S. Department of Justice (DOJ) seized more than 90,000 bitcoins from the Bitfinex hack. The hackers involved, Ilya Lichtenstein and Heather Morgan, were arrested and convicted of money laundering hacking, and Lichtenstein admitted to planning the hacking attack. Since then, the U.S. government has held the seized bitcoins as confiscated assets.

After the signing of the executive order on the strategic reserve of Bitcoin, Should Bitfinexs Bitcoin be returned? became the most concerned issue for many industry participants, because this part of Bitcoin accounts for nearly 50% of the US governments Bitcoin holdings.

The key reason lies in Bitfinex’s post-hacking compensation plan: after the 2016 hack, Bitfinex reduced all customer balances by 36% and issued BFX (LEO) tokens, which were all redeemed within eight months, effectively making customers “whole” in the eyes of the government. Therefore, Bitfinex, the entity that bore the losses, is considered the primary claimant.

In October 2024, the U.S. Attorney’s Office for the District of Columbia filed a motion suggesting that Bitfinex may be the “only victim” eligible for compensation under the Crime Victims Rights Act (CVRA) and the Mandatory Victims Compensation Act (MVRA). This position was reinforced in a January 2025 filing, where the government proposed returning Bitcoin to Bitfinex “in kind” (BTC, not cash).

Bài đọc liên quan: US government says funds from 2016 hack should be returned to Bitfinex

Previously, Bitfinex promised to buy back LEO once it got back the hacked Bitcoin. Many former Bitfinex customers believe that they are entitled to the recovered Bitcoin given the sharp appreciation of Bitcoin since 2016, and claim that the LEO token compensation on the Bitfinex platform does not reflect the future value of BTC.

So after the news broke in October 2024 that the US government applied for an alternative notification procedure to inform potential victims of the 2016 Bitfinex hack, the Bitfinex platform token LEO quickly rose by nearly 40%, indicating the markets high expectations for the US government to return the stolen bitcoins and Bitfinexs travel repurchase plan.

Of course, with the signing of the strategic reserve executive order, the US governments position may change at any time.

What else to expect from the White House Crypto Summit? In addition, David Sacks mentioned in a tweet this morning that the executive order also established the U.S. Digital Asset Reserve, which is intended to manage government digital assets under the leadership of the Treasury Department.

For David Sacks, the White House Crypto Summit, which he is about to host, is the top priority at the moment. This summit is the first time that the White House has held such an event, and the specifications are very high. According to multiple media reports, the most eye-catching thing about this summit may be the National Crypto Strategic Reserve plan. The plan intends to include mainstream cryptocurrencies such as Bitcoin, Ethereum, Solana, Cardano and Ripple (XRP) into the national reserve system, and its scale and functional positioning are similar to traditional oil reserves. According to Forbes, the selection of reserve assets takes into account the characteristics of each currency: Bitcoins anti-inflation properties as digital gold, Ethereums smart contract ecosystem, Solanas high-performance application platform, Cardanos scientific research-driven security architecture, and Ripples cross-border payment efficiency advantages.

In terms of regulatory system construction, the summit will focus on the top-level design of stablecoins and the overall regulatory framework. Cointelegraph revealed that Trump adviser David Sachs advocated strengthening the dollar hegemony through stablecoins, a view that may affect federal regulatory plans. The draft bill currently being promoted by the House Financial Services Committee shows that stablecoin institutions with an issuance volume of more than 10 billion US dollars may be included in the Federal Reserves regulatory system, forming a two-tier regulatory structure of federal and state governments. At the same time, the 21st Century Financial Innovation and Technology Act proposed in 2023 may usher in substantial progress. Its core lies in coordinating the regulatory powers and responsibilities of the SEC and the CFTC and building a digital asset regulatory paradigm that takes into account both innovation and security.

In order to achieve the strategic goal of becoming the Crypto Capital, the summit may launch a series of innovation incentives and tax-related policies. CryptoBriefing analysis pointed out that the government may relax regulatory restrictions during the Biden era. An unexpected detail is that the summit may also discuss crypto-related tax reforms. According to BeInCrypto, tax reforms may be part of the agenda and may affect investors tax burdens, involving simplifying tax reporting for crypto transactions or providing tax incentives to promote industry growth.

This article is sourced from the internet: Trump signed an executive order on the strategic reserve of Bitcoin. Why did the market plummet?

Related: $92,000, is this Bitcoin’s short-term “iron bottom”? Original author: BitpushNews Mary Liu Cryptocurrency markets fell slightly on Tuesday after U.S. President Donald Trump announced a 25% tariff on imported steel and aluminum. According to Bitpush data, Bitcoin fell 1.63% in the past 24 hours and is currently trading below $96,000, while Ethereum fell 2.12% to around $2,600. XRP and Solana (SOL) did not fluctuate much. In the past 24 hours, the total market value of cryptocurrencies fell by 0.98% to $3.15 trillion. CoinGlass data shows that during the same period, the total amount of liquidation in the entire crypto network reached $233 million, mainly long orders, equivalent to about $149 million. Trump tariffs and macroeconomic uncertainty Tracy Jin, vice president of cryptocurrency exchange MEXC, attributed the markets movement primarily to the Federal Reserves recent decision to keep…

Phân tích ## bitcoinTiền mã hóa ## ethereumThị trường #Mã thông báo #© 版权声明Mảng 上一 hình ảnh Stablecoin market changes: USDC market share doubles, newcomer USDe emerges 下一 hình ảnh Ethereum Pectra Upgrade Guide: From Account Abstraction to Staking Changes, Key Points You Need to Know 相关文章 Weekly Editor’s Picks (08:30-09:05) 6086cf14eb90bc67ca4fc62b 22.104 1 Toàn văn bài phát biểu của Arthur Hayes Token2049: Thị trường có thể sụp đổ sau khi cắt giảm lãi suất, nhưng Ethereum có thể hoạt động tốt 6086cf14eb90bc67ca4fc62b 39.686 3 NóngThis article teaches you how to use Pendle’s new killer weapon BorosRecommended Articles 6086cf14eb90bc67ca4fc62b 26.665 2 XION ra mắt câu hỏi về token airdrop, liệu có lỗ hay có lãi? 6086cf14eb90bc67ca4fc62b 41.745 1 Aqua Scam Warning: “Rug Pull” Is Getting More Advanced 6086cf14eb90bc67ca4fc62b 22.527 2 Will Virtuals Protocol become the first launch king of Base ecosystem AI assets? 6086cf14eb90bc67ca4fc62b 30.888 4 2 bình luận Bạn phải đăng nhập để co thể để lại một lơi nhận xét! Đăng nhập ngay lập tức muran Khách mời hhb

1 tháng trước #BeelieverTYRDVMI Khách mời I was scammed on Coinyee in a Bitcoin investment totaling over $500k. However, I was able to recover my funds with the help of  www.BsbForensic.com They are one of the rare and trustworthy services out there.

11 tháng trước Bài viết mới nhất UniSat Releases Phase Updates and Upgrades, Continuously Building the Bitcoin Ecosystem cách đây 2 năm 2.162 Jack Dorsey’s Company: 4,000 White-Collar Workers Are Being Replaced by AI cách đây 2 năm 1.860 Latest Stablecoin Report: Real Distribution and Flow Are Far More Important Than Supply cách đây 2 năm 1.793 Sui DeFi’s “Three-Engine” Revolution: How New Capabilities, New Assets, and New Programs Are Building the Future of On-Chain Finance? cách đây 2 năm 1.830 On-chain Investigator ZachXBT Confirms: Axiom Employees Exploited Internal Privileges for Insider Trading cách đây 2 năm 1.595 Trang web phổ biếnTempoLighterGAIBMáy bay lượnPlanckRaylsBCPokerVooi Bee.com Cổng thông tin Web3 lớn nhất thế giới Đối tác đồng xuCá chép Binance CoinMarketCap CoinGecko Coinlive Giáp Tải xuống Bee Network APP và bắt đầu hành trình web3 Giấy trắng Vai trò Câu hỏi thường gặp © 2021–2026. Tất cả quyền được bảo lưu. Chính sách bảo mật | Điều khoản dịch vụ Tải xuống ứng dụng Bee Network và bắt đầu hành trình web3 Cổng thông tin Web3 lớn nhất thế giới Đối tác CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors Giấy trắng Vai trò Câu hỏi thường gặp © 2021–2026. Tất cả quyền được bảo lưu. Chính sách bảo mật | Điều khoản dịch vụ Tìm kiếm Tìm kiếmTrong trang webOnChainXã hộiTin tức 热门推荐: Thợ săn airdrop Phân tích dữ liệu Người nổi tiếng về tiền điện tử Máy dò bẫy Tiếng Việt English 繁體中文 简体中文 日本語 العربية 한국어 Bahasa Indonesia हिन्दी اردو Русский Tiếng Việt

智能索引记录