As Crypto Summit Nears, White House Maintains Special Status for Bitcoin
President Donald Trump’s order to establish a bitcoin (BTC) reserve is meant to set up the original cryptocurrency as a U.S. reserve asset that deserves special treatment apart from other crypto assets, according to a senior White House official.
The order’s additional crypto stockpile of other assets will only gather those obtained by the U.S. government in seizures, the official said on Friday, hours before an afternoon crypto summit at the White House. The bitcoin reserve, which the official said will start with an estimated 200,000 bitcoin currently in government hands, could get active investment in the future, if senior administration officials can find ways to put new money in without leaning on taxpayer funds.
Meanwhile, the…
