The new US President, Donald Trump, has signed an executive order to form a cryptocurrency task force that will create a "digital asset stock" using confiscated crypto assets. The use of the word "stock" instead of "reserve" has raised questions among the crypto community. The executive order does not mention Bitcoin specifically, but it is expected that a variety of crypto assets worth over $1 million, including Bitcoin, Ethereum, Tether, and Binance Coin, will be included in the stock. It is unclear if the stock will consist of all cryptocurrencies held by the government or only US altcoins.
CryptoQuant Analyst, Coinbase CEO Advocate for Countries to Prioritize Bitcoin Over Gold: Here’s Why