President Trump signs Bitcoin strategic reserve order.
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Introduction
President Trump has signed the Bitcoin Strategic Reserve Order, thus making Bitcoin an official reserve in the United States.
Bitcoin Rising
The cryptocurrency world continues to evolve every day. US President Trump has signed an executive order creating the Bitcoin Reserve. From now on, Bitcoin will be kept as the official US reserve currency. It was also announced that the Digital Asset Stock, ETH, XRP, SOL and ADA altcoins will be kept as separate reserves. It is thought that more altcoins will be added to this list over time.
President Trump signed an executive order creating the Strategic Bitcoin Reserve at the White House Crypto Summit. In addition, the US Office of the Comptroller of the Currency (OCC) opened the door for US banks to store cryptocurrencies and operate stablecoins. The OCC decided that US banks can store cryptocurrencies and manage stablecoins; this decision constitutes an important step for the adoption of cryptocurrencies.
Conclusion
It is thought that the US Strategic Bitcoin Reserve can be financed by selling existing gold reserves. It is a matter of curiosity how Gold, Bitcoin and other cryptocurrencies will be affected by this situation.
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