US President Trump has issued an executive order to form a strategic bitcoin reserve and a crypto stockpile, according to investment bank KBW. The move is seen as a "pivotal moment" for the industry, with the world's largest superpower embracing blockchain protocols. The government is estimated to hold around 198,000 bitcoin, with plans to accumulate more, potentially by selling some of its gold reserves or issuing US Treasury Bitbonds. The government could also partner with miners to receive bitcoin royalties in exchange for tax breaks.



Other News from Today