Trump wants the US to become a Bitcoin whale, but Congress controls the wallet
President Donald Trump said on Aug. 20 that the US is considering accumulating sizable amounts of Bitcoin and other cryptocurrencies. Current law gives his administration several ways to increase federal crypto holdings, though no public authority gives Treasury a funded program for multibillion-dollar open-market purchases. For Bitcoin, Trump's 2025 executive order already directs Treasury and […] The post Trump wants the US to become a Bitcoin whale, but Congress controls the wallet appeared first on CryptoSlate.
Key Takeaways
- President Donald Trump said on Aug.
- 20 that the US is considering accumulating sizable amounts of Bitcoin and other cryptocurrencies.
- Current law gives his administration several ways to increase federal crypto holdings, though no public authority gives Treasury a funded program for multibillion-dollar open-market purchases.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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