The recent statement by former President Donald Trump regarding the US government's plan to create a strategic stockpile of cryptocurrency has caused a temporary decline in the market. Bitcoin, along with other major altcoins, experienced a dip in price, but gradually recovered leading up to the White House Crypto Summit. The details of how the reserve will be funded are still unclear, with no specifics on funding mentioned in the statement. The plan has sparked conversations and debates among analysts and critics, with some suggesting that the government should limit the assets included in the stockpile, such as "seized assets". However, there are also supporters of the plan, including the CEO of Metaplanet, who believes that Trump's executive order is significant and provides a strategic plan for acquiring more crypto without burdening American taxpayers. The US government can potentially acquire cryptocurrency through the Exchange Stabilization Fund or by relying on Congressional approval, as proposed in the Bitcoin Bill by Senator Lummis. The bill authorizes the US Treasury to buy a significant amount of Bitcoins over a five-year period.



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