Trump open to expanding US Bitcoin reserve

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Trump open to expanding US Bitcoin reserve
Crypto

newKerala.com

President Donald Trump said his administration is considering adding substantial Bitcoin and other digital assets to US holdings and would rely on recommendations from financial regulators including SEC chair Paul Atkins and CFTC chair Michael Selig. Trump said he had established a United States Strategic Bitcoin Reserve and a United States Digital Asset Stockpile, and he pushed Congress to pass the CLARITY Act to set a regulatory structure. Coinbase co‑founder Brian Armstrong said the law would make policy durable beyond the presidency, while regulators argued clearer rules would attract investment, and a vote is expected on September 15.

The administration established a US strategic Bitcoin reserve.

Context

A White House meeting brought regulators and crypto industry leaders together. The president announced executive steps and asked for regulator advice. Congress may vote on the CLARITY Act next, which could change rules.

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