Brian Armstrong, CEO of Coinbase, announced that President Trump wants the United States to establish the first Bitcoin strategic reserve, surpassing Russia and China. Armstrong stated at the World Economic Forum that Trump's interest in Bitcoin demonstrates his desire to make America the "crypto capital of the planet." Trump recently launched his meme coin, Official Trump (TRUMP), with a market cap that briefly surpassed Dogecoin, while First Lady Melania Trump launched her own meme coin, Melania Meme (MELANIA). Government ethics watchdogs voiced concerns over potential profiting, but industry analysts see this as a significant shift in how governments view cryptocurrencies. Republican Senator Cynthia Lummis, known for supporting Bitcoin, is working on establishing a reserve holding 200,000 Bitcoins. Eric Trump expressed belief in the potential of cryptocurrency under his father's leadership.
Content Editor ( cryptopolitan.com )
- 2025-01-22
Brian Armstrong says president Trump is “excited” about the Bitcoin strategic reserve
