A first-day Trump order: A Federal stockpile of Bitcoin?
Trump and his advisers. And talks with Cabinet nominees about how to pay for it.
On the eve of Trump's inauguration, the cryptocurrency industry is pushing his incoming administration to execute an audacious plan that would have seemed unimaginable just a year ago: a government program to buy and hold billions of dollars in bitcoin.
As he campaigned last summer, Trump vowed to create a federal «bitcoin stockpile» that would serve as a «permanent national asset to benefit all Americans.» Bitcoin enthusiasts hailed the idea as potentially transformative, claiming that it would help reduce the national debt. Trump could still abandon the plan, and its details are under debate. But industry executives have spent weeks lobbying to shape the proposal, raising hopes that Trump might act soon after taking office.
In recent days, crypto executives have offered input to David Sacks, a venture capitalist whom Trump appointed to oversee crypto and artificial intelligence, on a possible executive order that covers several areas of crypto policy, three people with knowledge of the matter said. The bitcoin stockpile is part of those discussions, two of them said.
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