David Bailey, General Director of Bitcoin Magazine, said the US government is introducing the Bitcoin reserve proposed by Bitcoin faster than expected.
The executive order of President Donald Trump, signed on March 6, accommodates the National Reserve of Crypto -Activity for Bitcoins. Meanwhile, industry experts believe that the administration describes its approach in detail within a few days or weeks, and not gradually deployment.
The US government is introducing bitcoin reserve for several weeks
In tweet, Bailey suggested that officials follow Trump’s instructions “at the speed of technology”. Priority of immediate actions.
“The introduction of the executive order Bitcoin Bitcoin for several days and weeks, and not months or years”, Bailey wrote.
A quick approach raised questions about whether the legislation of the congress is required to acquire bitcoins. When he was asked about X, whether Bitcoin will buy Bitcoin before official legislation to influence his chances of approval, Bailey answered What it will help.
Wider advantages in the USA BTC Reserve
Meanwhile, discussions appeared relative to the broader consequences of the executive order. Matt Khugan, investment director in Bitwise, emphasized that this step significantly reduces the likelihood of a future ban on the bitcoins in the United States.
In addition, this increases the likelihood that other countries will establish similar reserves. The order also forces foreign governments to act quickly, since there is currently a short -term window so that the peoples accumulate bitcoins before further acquisitions in the United States.
It is noteworthy that the executive order eliminates the long -standing normative uncertainty related to cryptocurrencies. According to For the founder of Solana Anatoly Yakovenko, this order does not serve as a salvation, but instead provides more clear recommendations for digital assets.
He emphasized the need for stake and banking access to the deposits of cryptocurrency. He also called for the structured rules for the release of tokens and Defi in accordance with the SEC and CFTC supervision.
Moreover, it will be increasingly difficult for institutions that Bitcoin is an inappropriate asset. Khugan pointed out that national advisory platforms and global organizations, such as the International Monetary Fund (IMF), can revise their position on Bitcoin viability.
In fact, the official recognition of bitcoins by the US government adds weight to its legality in the financial and institutional sectors.
American bitcoins and unresolved issues
In another place, the head of the study by Galaxy Digital, Alex Thorn, outstanding Between the Bitcoin possessions of the US government and intended for strategic reserves. Currently, the government has about 200,000 bitcoins, but only 88,000 is allocated to the reserve.
A separate 112,000 bitcoin, withdrawn from illegal actions, will be returned to Bitfinex. Nevertheless, it remains unclear whether these funds will ultimately be issued in accordance with the planning.
We believe that the current Bitcoins balance in the United States, available for re -purpose in the reserve, is a maximum of 88 thousand BTC, only 43% of the current state shares. This is BC ~ 198K BTC, now owned by USG, 112K BTC will be returned to Bitfinex
The market recognizes the difference between “captured” and “lost”
– Alex Thorn (@intangibleCoins) March 7, 2025
