Fed Chair Jerome Powell Says, ‘We’re Not Allowed to Own Bitcoin’ as Trump Pushes for a U.S. Bitcoin Reserve
President-elect Donald Trump has once again emphasized his plan to establish a strategic Bitcoin reserve, an idea he initially introduced during his campaign.
Speaking on Dec. 12, Trump stated: “We’re going to do something great with crypto. We don’t want China or anyone else leading... Others are embracing it, and we want to stay ahead.”
Currently, the U.S. government holds 212,847 BTC, worth approximately $22.3 billion, acquired through law enforcement seizures. However, it remains uncertain whether Trump's envisioned reserve would include these holdings or if the government would make additional Bitcoin purchases from the open market.
Trump has repeatedly promoted Bitcoin as a strategic asset, vowing to position the U.S. ahead of global competitors like China in the digital currency space. Speculation is now building that an executive order could soon classify Bitcoin as an official reserve asset under his leadership.
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