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$USDC USD Coin (USDC) is a stablecoin, a cryptocurrency backed by U.S. dollars or dollar-denominated assets like U.S. Treasury securities. USDC's cash assets are held in segregated accounts with regulated U.S. financial institutions and its reserve portfolio is held at the Bank of New York Mellon.

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#WhiteHouseCryptoSummit The White House hosted its first-ever “crypto summit” Friday, convening top executives from various digital asset firms to discuss the Trump administration’s commitment to rolling back the aggressive regulatory posture the Biden administration took toward the industry. However, some in the crypto world were left disappointed that the Trump administration did not signal more active support for the industry, leading the prices of the very assets the summit was supposed to acclaim to sag Friday. The price of bitcoin was down about 3% in late-afternoon trading and was set to finish the week down approximately 7%, to $87,000. The groundwork for the lackluster reaction was laid late Thursday, when Trump’s “crypto czar,” venture capitalist David Sacks, announced that the president had signed an order to create a “strategic bitcoin reserve.”

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#USCryptoReserve US President Donald Trump has announced plans for a "Crypto Strategic Reserve," which would set up the United States to buy and sell cryptocurrency & could be a game changer for the crypto industry.

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President Donald Trump’s executive order to establish a Strategic Bitcoin Reserve marks a pivotal moment in the U.S. government’s approach to digital assets, and possibly even in monetary history. By directing the retention of approximately 200,000 bitcoins seized through criminal and civil proceedings, the administration aims to create a "digital Fort Knox" for bitcoin, positioning it as a long-term store of value akin to gold. A strategic shift in federal bitcoin policy is thus accompanied by an all-important distinction between bitcoin and other digital assets. $BTC

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#BitcoinPolicyShift President Donald Trump’s executive order to establish a Strategic Bitcoin Reserve marks a pivotal moment in the U.S. government’s approach to digital assets, and possibly even in monetary history. By directing the retention of approximately 200,000 bitcoins seized through criminal and civil proceedings, the administration aims to create a "digital Fort Knox" for bitcoin, positioning it as a long-term store of value akin to gold. A strategic shift in federal bitcoin policy is thus accompanied by an all-important distinction between bitcoin and other digital assets.

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