The new crypto-friendly US President Donald TRUMP took an expected step today and signed an important executive order regarding cryptocurrencies. According to the decisions included in the executive order in question, a cryptocurrency task force will be formed that will work to create a “digital asset stock” from crypto assets confiscated by the US government.
The use of the word “stock” instead of “reserve” in the details of the decisions announced by the White House has caught the attention of the crypto community. Since the asset must be continually acquired to create a reserve, if it is in the reserve, no action may be required other than holding onto the existing assets. However, it is also worth noting that the word “Bitcoin” was not mentioned in the details of the decision. It appears that a digital asset stock will be created with assets held by the US.
Among the crypto assets worth over $1 million that were previously seized by the US and are still in their wallets: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Wrapped Bitcoin (WBTC), Binance Coin (BNB), AUSDC, USDC, Wrapped Ethereum (WETH), DAI, Uniswap (UNI), Tron (TRX), Chainlink (LINK), Render (RNDR), The Sandbox (SAND), Band Protocol (BAND), Aave (AAVE), FTT. There is also a possibility that only US altcoins will be supported. The details disclosed by the White House do not state that the stock in question will consist of all cryptocurrencies held by the government.
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