The fool’s gold of a crypto reserve
2 weeks, 1 day ago

The fool’s gold of a crypto reserve

Live Mint  

President Trump held a summit on Friday with crypto-currency enthusiasts where he touted his plan to establish national stockpiles for bitcoin and other crypto tokens. Mr. Trump’s new executive order issued Thursday directs the Treasury Department to take custody and preserve government holdings of bitcoin and other crypto-currencies that agencies seize as part of investigations into wrongdoing. While Mr. Trump describes bitcoin as “digital gold," many countries don’t recognize or accept it as legal tender. The prices of bitcoin and other tokens on Thursday fell after Mr. Trump issued his executive order, apparently because crypto investors were hoping he’d do more to bolster their speculative crypto bets. This ostensibly means Treasury won’t issue debt to buy bitcoin, but the order still invites government mischief.

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History of this topic

What stirred America’s gold conspiracy rumours amid dollar anxiety?
1 day, 12 hours ago

What stirred America’s gold conspiracy rumours amid dollar anxiety?

Hindustan Times  

Fort Knox, home to much of the nation’s gold reserves, doesn’t get many visitors. The last time this happened — a full-throated cry to audit the nation’s gold reserves — came at another critical moment in American monetary history, when anxiety about the future reached crisis levels. The Rockefellers, he alleged, had “divorced the dollar from its gold backing and …

Decoding Trump’s Strategic Bitcoin Reserve: How Will It Work?
1 week ago

Decoding Trump’s Strategic Bitcoin Reserve: How Will It Work?

ABP News  

In a move reminiscent of Roosevelt’s strategic gold reserves during the Great Depression, US President Donald Trump’s Strategic Bitcoin Reserve plan has set the crypto space abuzz. Technical Insights: Structuring The Reserve A strategic Bitcoin reserve would require meticulous technical management like multi-signature wallets, cold storage solutions, and advanced blockchain analytics to ensure security and transparency. Geopolitical Chessboard: Implications For …

Trump's bitcoin reserve a 'digital Fort Knox'
1 week, 2 days ago

Trump's bitcoin reserve a 'digital Fort Knox'

Raw Story  

The creation of a "Strategic Bitcoin Reserve" in the United States is further proof of President Donald Trump's support for the cryptocurrency sector. Trump earlier this month signed an executive order establishing the reserve, which White House crypto chief David Sacks has likened to "a digital Fort Knox", comparing it to the stockpiling of gold bars at the US military …

Top Trump official’s crypto ties raise red flags as the administration peddles digital assets
1 week, 6 days ago

Top Trump official’s crypto ties raise red flags as the administration peddles digital assets

CNN  

New York CNN — At a White House summit last week, Commerce Secretary Howard Lutnick spoke passionately about the Trump administration’s plans to embrace cryptocurrencies, a largely unregulated industry that has historically operated on the fringes of finance. “And they have been, for the most part, unclear on exactly what they’ll be doing in terms of divestment and recusal.” Promoting …

Opinion: Trump's Strategic Bitcoin Reserve Is Just Another Scam
2 weeks, 2 days ago

Opinion: Trump's Strategic Bitcoin Reserve Is Just Another Scam

Huff Post  

WASHINGTON – Imagine if President Bill Clinton created a Strategic Beanie Baby Reserve, hoping the ugly dolls could someday pay down the national debt. “They’re just used to gamble.” Even Avik Roy ― once a top policy adviser to Republican presidential nominee Mitt Romney who believes that stockpiling specifically Bitcoin, because of its finite supply and wide acceptance, might be …

Trump’s ‘Strategic Bitcoin Reserve’ Plan Comes With a Twist
55 years, 2 months ago

Trump’s ‘Strategic Bitcoin Reserve’ Plan Comes With a Twist

Wired  

US president Donald Trump has ordered his government to establish two national cryptocurrency reserves set to be worth many billions of dollars. In an executive order signed Thursday, Trump formalized the creation of a “strategic bitcoin reserve,” composed entirely of bitcoin, and a separate “national digital asset stockpile” featuring various other crypto coins. Though it leaves the door open for …

Bitcoin prices fall 5% after Donald Trump orders US strategic reserve
2 weeks, 5 days ago

Bitcoin prices fall 5% after Donald Trump orders US strategic reserve

India Today  

Bitcoin prices fell over 5% after US President Donald Trump signed an executive order to establish a strategic bitcoin reserve. The White House crypto czar, billionaire David Sacks, said on social media platform X that the reserve would be built using bitcoin owned by the US government. The White House crypto summit on Friday is expected to be a platform …

Trump pledges support for crypto sector at White House summit
2 weeks, 5 days ago

Trump pledges support for crypto sector at White House summit

NPR  

Trump pledges support for crypto sector at White House summit toggle caption Jim Watson/AFP President Trump invited cryptocurrency advocates to the White House Friday for a summit on digital assets, a first-of-its-kind event aimed at highlighting the significant shift in posture that the Trump administration is taking on crypto compared with its predecessors. The event came hours after Trump signed …

What to know about Trump’s plans for a ‘Strategic Bitcoin Reserve’
2 weeks, 5 days ago

What to know about Trump’s plans for a ‘Strategic Bitcoin Reserve’

LA Times  

President Trump speaks at a bitcoin conference in Nashville during his 2024 campaign. President Trump on Thursday signed an executive order to establish a “Strategic Bitcoin Reserve” and a stockpile of U.S. digital assets. The Trump administration then said Thursday that the president is establishing a strategic bitcoin reserve and a stockpile of U.S. digital assets. Trump said in his …

Trump creates a Strategic Bitcoin Reserve one day ahead of White House crypto summit
Top News
2 weeks, 6 days ago

Trump creates a Strategic Bitcoin Reserve one day ahead of White House crypto summit

CNN  

New York CNN — President Donald Trump established a Strategic Bitcoin Reserve and a stockpile of other digital assets through an executive order on Thursday, shortly before hosting a crypto summit at the White House. “Because there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic bitcoin reserve.” …

Trump’s crypto advisers weigh paths to a national stockpile
Top News
2 weeks, 6 days ago

Trump’s crypto advisers weigh paths to a national stockpile

Live Mint  

President Trump wants to build a federal cryptocurrency reserve. The president said Sunday he wanted bitcoin, ether and three smaller tokens in a stockpile similar to the country’s gold reserve. Trump didn’t say whether the reserve would make new crypto purchases or reassign existing holdings seized from criminals. An interagency working group Trump created by executive order is a month …

Donald Trump’s Not-So-Strategic Crypto Reserve
Trending News
55 years, 2 months ago

Donald Trump’s Not-So-Strategic Crypto Reserve

Wired  

Donald Trump provoked a riot of cryptocurrency trading and accusations of favoritism on Sunday after identifying several coins that may feature in a future US strategic crypto reserve. “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group …

4 things to know about Trump's plan for a 'crypto strategic reserve'
3 weeks, 1 day ago

4 things to know about Trump's plan for a 'crypto strategic reserve'

NPR  

4 things to know about Trump's plan for a 'crypto strategic reserve' toggle caption Jonathan Raa/NurPhoto via Getty Images President Trump has announced plans for a "Crypto Strategic Reserve," which would set up the United States to buy and sell cryptocurrency and could be a game changer for the industry. A senator's bill outlined how a federal strategic reserve could …

"The issue that derails his second term": Trump's crypto reserve gets pushback
3 weeks, 1 day ago

"The issue that derails his second term": Trump's crypto reserve gets pushback

Salon  

It's been an up-and-down year for cryptocurrency since President Trump took office, pledging to make the U.S. the "crypto capital of the planet." So when he made his latest pro-crypto announcement, posting on Sunday that the U.S. government would purchase and hold digital tokens in a "Crypto Strategic Reserve," prices briefly surged. “It’s a pure transfer of wealth to certain …

Crypto's Next Bubble Will Be Politically Motivated
3 weeks, 1 day ago

Crypto's Next Bubble Will Be Politically Motivated

Bloomberg  

Donald Trump is known for loving 19th-century President William McKinley, whom he credits for improving the US “through tariffs and through talent.” Now there’s another connection. Trump’s proposed national reserve of cryptocurrencies, including Bitcoin and memecoin-focused Solana, is reminiscent of the fight for a monetary system backed by both silver and gold in McKinley’s day. Still, his language goes beyond …

'Issue that derails his second term': Trump move met with allegation of 'naked corruption'
3 weeks, 2 days ago

'Issue that derails his second term': Trump move met with allegation of 'naked corruption'

Raw Story  

Donald Trump over the weekend made a major announcement about cryptocurrency, leading onlookers to accuse the President of "naked corruption." "A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve …

Bitcoin, Ethereum prices spike after Trump names cryptocurrencies in strategic reserve
3 weeks, 3 days ago

Bitcoin, Ethereum prices spike after Trump names cryptocurrencies in strategic reserve

CNN  

CNN — U.S. President Donald Trump announced the names of five digital assets he expects to include in a new U.S. crypto strategic reserve on Sunday, spiking the market value of each. I will make sure the U.S. is the Crypto Capital of the World.” More than an hour later, Trump added another post: “And, obviously, BTC and ETH, as …

The mysterious vaults of U.S. Fort Knox
3 weeks, 5 days ago

The mysterious vaults of U.S. Fort Knox

The Hindu  

The story so far: For over a week now, the catchphrase ‘Fort Knox’ has been stealing the spotlight online, to be more specific, in the U.S. Several conspiracy theories started floating around it and even U.S. President Donald Trump and Tesla CEO Elon Musk, who is also the head of the U.S. Department of Government Efficiency, spoke about it in …

What's inside Fort Knox? A look at US gold depository's secrets
1 month ago

What's inside Fort Knox? A look at US gold depository's secrets

India Today  

President Donald Trump has announced plans for an inspection of Fort Knox, the iconic US gold depository in Kentucky. Treasury secretary Scott Bessent says there is an audit every year and that “all the gold is present and accounted for.” Here's all you want to know about Fort Knox. The United States Bullion Depository at Fort Knox has stored precious …

Trump gives call for inspecting America's 400 tonnes of gold reserves held at Fort Knox
1 month ago

Trump gives call for inspecting America's 400 tonnes of gold reserves held at Fort Knox

Op India  

US President Donald Trump said on Friday that he is going to inspect Fort Knox to make sure that the 400 tonnes of gold is there. As per the NY Post, citing US officials, it noted that the famed Fort Knox Bullion Depository’s vaults in north-central Kentucky is a home to 147.3 million ounces of gold — more than half …

Where does US store its maximum gold reserves? Trump's interest in unlocking its doors explained
1 month ago

Where does US store its maximum gold reserves? Trump's interest in unlocking its doors explained

India TV News  

Where does US store its maximum gold reserves? Trump's interest in unlocking its doors explained Fort Knox is a famous location where the US keeps its maximum gold reserves. Trump to inspect Fort Knox: US President Donald Trump on Friday said that he will inspect the country's top gold reserve facility, Fort Knox, to make sure that it has 400 …

Trump and Musk want to check if there is still gold in Fort Knox
1 month ago

Trump and Musk want to check if there is still gold in Fort Knox

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President Donald Trump and Elon Musk are eager to audit …

What to know about Fort Knox’s gold depository
1 month ago

What to know about Fort Knox’s gold depository

Associated Press  

LOUISVILLE, Ky. — President Donald Trump says Elon Musk will be looking at Fort Knox, the legendary depository in Kentucky for American gold reserves, to make sure the gold is still there. Treasury Secretary Scott Bessent says there is an audit every year and that “all the gold is present and accounted for.” The United States Bullion Depository at Fort …

Elon Musk targets Fort Knox where the US stores its gold reserves: What is it?
1 month ago

Elon Musk targets Fort Knox where the US stores its gold reserves: What is it?

Firstpost  

The US Bullion Depository at Fort Knox houses 147.3 million troy ounces of gold, representing 59 per cent of the US Treasury’s reserves. File Image/Reuters Elon Musk wants to know more about the US gold reserves stored at Fort Knox, questioning whether the gold is still intact. Musk’s scepticism echoes past concerns about the security and transparency surrounding Fort Knox, …

Trump wants to know if there’s gold in Fort Knox. (There is)
1 month ago

Trump wants to know if there’s gold in Fort Knox. (There is)

LA Times  

President Trump is shown exiting Air Force One with billionaire advisor Elon Musk, who has spent days posting about gold in Fort Knox. While flying back to Washington aboard Air Force One on Wednesday night, a reporter asked President Trump whether Elon Musk would pursue budget cuts at the Pentagon. His response might be confusing to anyone who hasn’t spent …

Trump's crypto company launches strategic 'token reserve'
1 month, 1 week ago

Trump's crypto company launches strategic 'token reserve'

The Hindu  

World Liberty Financial, the new crypto platform in which President Donald Trump holds a financial stake, announced that it was unveiling a strategic token reserve designed to bolster Bitcoin, Ethereum and other cryptocurrencies "that are at the forefront of reshaping global finance." In addition to WLF, the Trump family's holdings include a majority stake in Trump Media & Technology Group, …

'We Either Fix This Or Go De Facto Bankrupt': Elon Musk On Federal Reserve Nightmare Coming True
2 months, 3 weeks ago

'We Either Fix This Or Go De Facto Bankrupt': Elon Musk On Federal Reserve Nightmare Coming True

ABP News  

X owner Elon Musk has been voicing concerns against the spiralling US debt and has warned everyone of the looming bankruptcy which will be like a federal reserve 'nightmare' coming true. Musk on X wrote, "We either fix this or go de facto bankrupt." We either fix this or go de facto bankrupt https://t.co/hmjpx6uBfd — Elon Musk December 26, 2024 …

Mint Quick Edit | Trump’s idea of a Bitcoin reserve is richly ironic
3 months, 1 week ago

Mint Quick Edit | Trump’s idea of a Bitcoin reserve is richly ironic

Live Mint  

Ever since Donald Trump won the US presidential election, Bitcoin has been soaring, thanks to the president-elect’s positive views on crypto. On Monday, it got another boost after Trump affirmed he would set up a Bitcoin reserve a la the US oil stash. A rich government like America’s buying Bitcoin this reserve status would imply a burst of demand for …

Bitcoin surges past $107,000 on hopes for US strategic reserve
3 months, 1 week ago

Bitcoin surges past $107,000 on hopes for US strategic reserve

Al Jazeera  

Bitcoin and crypto are catapulted into the spotlight as investors wager that Trump will usher in friendlier US rules for crypto. Bitcoin’s record rally topped $107,000 after United States President-elect Donald Trump reiterated that he plans to create a US Bitcoin strategic reserve similar to the country’s strategic oil reserve, stoking the enthusiasm of crypto bulls. When asked if he …

Donald Trump announces he will embrace cryptocurrency as part of plan to become bitcoin president
7 months, 3 weeks ago

Donald Trump announces he will embrace cryptocurrency as part of plan to become bitcoin president

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The former president appeared at a bitcoin conference over the weekend in which he said he would …

Donald Trump Backs ‘Strategic Bitcoin Stockpile’ in Speech to Crypto Faithful
55 years, 2 months ago

Donald Trump Backs ‘Strategic Bitcoin Stockpile’ in Speech to Crypto Faithful

Wired  

Former president Donald Trump outlined a plan to turbocharge crypto growth and make the US a crypto mining powerhouse in his keynote address to the 2024 Nashville Bitcoin Conference on Saturday. Trump also announced plans to appoint a bitcoin and crypto advisory council, whose task would be to “design transparent regulatory guidance to the benefit of your industry” in the …

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