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Digital Fort Knox: Trump signs executive order for US strategic bitcoin reserve

  • President Donald Trump has signed an executive order to create a Strategic Bitcoin Reserve and other digital currencies.
  • The reserve will be capitalized with bitcoin forfeited by the government and will have a value similar to that of Fort Knox.
  • The order also asks for a US Digital Asset Stockpile, which will be managed by the Treasury Department.
  • Critics argue that the order is an audacious scheme to enrich crypto investors and that relying on such a volatile asset is risky.

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