Quotes
We’re only allowed to buy more if it doesn’t add to the deficit or the debt, or cost taxpayers,
crypto czar David Sacks said ahead of the White House’s crypto summit on Friday The median view is that bitcoin is toxic, bad, and for criminals. It's an extraordinary step to go from that to the greatest country on earth saying it's a strategic reserve asset worth owning,
This was just one of many promises, including removing Gary Gensler as SEC Chairman and positioning the U.S. as the 'crypto capital of the world,
By declining to spend taxpayer funds on bitcoin at this time, the President avoids potential criticism or opposition from citizens or opponents who may try to paint this move as a 'gamble' with taxpayers' money,
The crypto markets are highly manipulated by whales and market makers for their own purposes, and often act counter-intuitively to news — even if the news is highly positive or negative in the long term,
The establishment of both the bitcoin strategic reserve and the digital asset stockpile have laid the foundation for increased governmental acceptance and adoption of cryptocurrency as a core asset class moving forward,
Seized crypto assets would go into the reserve first, then we'll see the way forward for more acquisitions,
I think that the Bitcoin Reserve — before you can accumulate it — you have to stop selling it,
The principle there is responsible stewardship, and so the secretary of the Treasury has the discretion to make adjustments to that portfolio or adjust that portfolio, as long as it is budget neutral,
an administration official said Bitcoin is special in our view,
said one of the senior administration officials There are programs in the Department of Education which provide substantial amounts of help to low income and working class communities, communities where it is hard, where the tax base is very, very low,
the independent Vermont senator said There are synergies that occur having them all in one department. There may be a case for spinning off some programs, there may be a case for downsizing the department, but those are decisions that the new secretary should make,
Bitcoin is the original cryptocurrency,
These additional restrictions will help reduce risk and better protect the sensitive information entrusted to us in our many systems,
the agency wrote in the memo Keep all the people you want, everybody that you need,
Trump told his Cabinet, as he recounted to reporters later in the Oval Office The significance of this executive order is mainly symbolic, as it marks the first time Bitcoin is formally recognized as a reserve asset of the United States government,
said Andrew O'Neill, digital assets managing director at S&P Global Ratings The reserve will only include Bitcoin already owned by the US government,
I have nothing against XRP, SOL, or ADA but I do not think they are suitable for a Strategic Reserve. Only one digital asset in the world right now meets the bar and that digital asset is bitcoin."
American investor and bitcoin billionaire Tyler Winklevoss posted to X This initiative highlights a long-term commitment to digital assets, potentially boosting institutional adoption without the government needing to purchase additional holdings for this stockpile. As markets react to this announcement, it could lead to increased volatility in the short term."
Mena Theodorou, cofounder of the crypto-exchange platform Coinstash, told CoinDesk While a 'strategic crypto reserve' sounds a lot like the Strategic Petroleum Reserve—a national stockpile of oil to be drawn down in the event of an energy crisis—it would consist of nothing but a hackable string of ones and zeros on servers."
Ahead of the executive order, Economist Paul Krugman referred to the strategic reserve as a potential "rug pull" or "pump-and-dump," writing
