James Paul 
Donald Trump signed this Thursday, March 6, a decree aimed at creating a national Bitcoin stock and other digital currencies. Here is everything you need to know about this initiative, the hopes it arouses in some, but also the supported criticisms of its opponents.
A Crypto national reserve
As he had promised during his campaign, the American president will therefore constitute a stock of cryptocurrencies which is not intended to be sold. For the time being, it will be made up of Bitcoin up to $ 17 billion, the amounts seized in legal cases in recent years. Ultimately, the idea is to complete the reserve with other known assets, and in particular Solana, Caradno, Ether, and XRP.
The decree signed by the Republican also asks federal agencies to develop “Neutral budgetary strategies” In order to buy cryptos, provided that these purchases do not cause additional cost for taxpayers.
David Sacks, the crypto advisor of the billionaire, commented: “This decree underlines President Trump’s commitment to the United States the” World Capital of Cryptocurrency “.
Why is this project criticized?
This idea is supported by many supporters of cryptos who believe that it could help the government reduce its national debt and that it would guarantee American domination in a hypothetical world where the global economy would work with this type of digital currencies.
Other observers believe that it is a premeditated plan of Donald Trump aimed at enriching the managers of the cryptocurrency sector who already have these assets in large quantities by raising the price of tokens. They also judge that it is dangerous to link the country’s economic future to cryptos whose values are very volatile.
Finally, some members of the industry are also not tender towards the plan of the American president. They criticize him in particular for including too many active ingredients, rather than focusing on Bitcoin, which is the only crypto fairly precious to their eyes to take place.
As a reminder, Donald Trump also launched his own cryptocurrency shortly before his mandate. An initiative that has greatly reacted and aroused fairly virulent criticisms, including members of this industry. To find out more, do not hesitate to reread our previous article here.
