Yesterday, President Trump signed an executive order (EO) entitled “<a target="_blank" href="https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/”>Strengthening of American leadership in Digital Financial technology.
The document describes the ways in which the US government will adopt the “digital assets” and support the rights of citizens and companies to interact with “cryptocurrencies” and “blockchain technology“.
bitcoin is not mentioned once in the document.
The most worrying thing is that it is not mentioned in the part of the document that addresses the possibility that the president's working group on digital asset markets (also established through the EO) creates a “reservation” of digital assets.
This is exactly how it reads:
“The working group will evaluate the possible creation and maintenance of a National Reserve of Digital Assets and will propose criteria to establish said reserve, potentially derived from cryptocurrencies legally seized by the federal government through its efforts to apply the law.”
bitcoin is one of the 17 digital assets that the federal government has seized.
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"reservations" It is a jargon that means keeping what they have, but not necessarily buying anything
according <a target="_blank" href="https://twitter.com/arkham?ref_src=twsrc%5Etfw”>@arkhamHere are all the coins that the US government has for more than 1 million dollars pic.twitter.com/ctleup5uta
– Alex Thorn (@intangiblecoins) <a target="_blank" href="https://twitter.com/intangiblecoins/status/1882530060923756785?ref_src=twsrc%5Etfw”>January 23, 2025
The idea that the government clings to the other 16 cryptographic assets it has is silly and useless, since none of those other assets was designed to be a value reserve, and a part of them are only digital versions of always. -Devaluation of the US dollar.
In other words, there is no reason for the United States to store digital assets that are losing perpetual value in front of bitcoin. Without even entering the characteristics that differentiate bitcoin from the other assets from the previous list, such as their perfect coded shortage or the level of decentralization of your network, you just have to take note of the fact that no digital asset has reached subsequent maximums. versus bitcoin in consecutive bullish markets to understand why it makes sense to make only bitcoin.
I mean, even someone whose company makes a living evaluating shit agrees:
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I did not donate 12 million dollars to Kamala or cost the Republican party three additional seats in the Senate as Ripple did.
But I'm still going to help <a target="_blank" href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw”>@realdonaldtrump And the team understands why XRP is the example of why we should not have a national cryptographic reserve.
bitcoin reserve or nothing.
– Ryan Selkis (F/Acc) (@twobitidioT) <a target="_blank" href="https://twitter.com/twobitidiot/status/1882623720449315076?ref_src=twsrc%5Etfw”>January 24, 2025
Then, please, President Trump, increases the Bitcoins reserves by exchanging the other 16 digital assets that Bitcoins has, and we finish the day. You have seen how <a target="_blank" href="https://apnews.com/article/bitcoin-elsalvador-bukele-musk-trump-5be81d375da5bbce883008b0799c0c1a”>Well, bitcoin's approach has worked for President Bukele.
It is time to show the world that we understand that bitcoin is savings technology and that everything else is, well, something else.
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