Trump may sign Bitcoin reserve executive order at crypto summit: Report

US President Donald Trump could reportedly motion an enforcement bid to make a Bitcoin reserve during the White House Crypto Summit connected March 7.

Such a reserve would beryllium expected to bargain much Bitcoin (BTC), successful examination to the US hanging connected to the BTC it already owns done transgression seizures, Bloomberg reported connected March 6, citing radical acquainted with the matter.

However, a scope of options for what could beryllium respective crypto-related enforcement actions are inactive being considered. Trump could besides denote that the US volition halt selling crypto it has seized and usage it to effect a nationalist crypto stockpile.

One imaginable connection could besides impact the taxation attraction of crypto, which whitethorn request reappraisal and support from Congress.

However, Trump’s imaginable actions are inactive nether treatment and mightiness not hap oregon change, Bloomberg reported.

Related: Trump’s World Liberty bought $20M worthy of crypto up of March 7 summit

Trump signed an enforcement order successful January creating a moving radical nether White House AI and crypto czar David Sacks to measure “the instauration of a strategical nationalist integer assets stockpile.”

On March 2, Trump posted to his societal media level Truth Social that the crypto reserve would see XRP (XRP), Solana (SOL) and Cardano (ADA). He aboriginal added Ether (ETH) and Bitcoin (BTC) would beryllium “the heart” of the reserve.

Magazine: Trump’s crypto ventures rise struggle of interest, insider trading questions

This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.