Trump signs order to establish strategic reserve of cryptocurrencies
The US will create a stockpile of bitcoin and other digital currencies in what's being called a "game changer" for the industry. This, as US President Donald Trump is set to host a crypto summit at the White House later today. The stockpile will be made up of a stash of bitcoin — estimated to be worth as much as US$17 billion — that the US has seized in legal cases over the years. However, critics said the move by the Trump administration is a scheme to enrich cryptocurrency investors. Nick Harper reports from Washington DC.
The US will create a stockpile of bitcoin and other digital currencies in what's being called a "game changer" for the industry. This, as US President Donald Trump is set to host a crypto summit at the White House later today. The stockpile will be made up of a stash of bitcoin — estimated to be worth as much as US$17 billion — that the US has seized in legal cases over the years. However, critics said the move by the Trump administration is a scheme to enrich cryptocurrency investors. Nick Harper reports from Washington DC.
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