The crypto community is optimistic about possible pro-crypto orders from Donald Trump, including the creation of a strategic Bitcoin reserve.
Trump's Potential Pro-Crypto Executive Orders
Reports suggest that Trump's administration might establish a crypto council to advance the sector's policy and interests. The odds for a strategic Bitcoin reserve increased to 44% following reports of a national Bitcoin stockpile.
Market Response to Potential Reserve
According to Bloomberg, the crypto council proposal led to positive market reactions, with Polymarket odds peaking at 44%. On another prediction site, Kalshi, the odds of reserve creation increased to 64%. Crypto investor Fred Krueger is also confident about the potential reserve.
U.S. Senator's Remarks
U.S. Senator Cynthia Lummis expressed concerns about the government's plan to sell 70,000 BTC from the Silk Road case. She indicated that the sale would mean a loss of over $18.5 billion in unrealized value for taxpayers. The remainder 69,000 BTC could be used for a reserve by the new administration.
Trump's plans for a crypto reserve spark discussion in the crypto community and may impact U.S. policy significantly.
