Trump administration reaffirms its investment in Bitcoin by announcing a $23 billion reserve and introduces SEC reforms for improved cryptocurrency regulation.
Support for Bitcoin Reserve
The Trump administration confirmed its strategic emphasis on Bitcoin by backing a $23 billion reserve plan. Bo Hines, head of digital assets at the White House, confirmed the program is active, stating, "We have it, it’s been established." Current estimates suggest the US government holds approximately 198,000 BTC, worth over $23 billion, primarily obtained through law enforcement seizures. Hines emphasized Bitcoin's role as a sovereign asset, describing it as "a class of its own." He also hinted at forthcoming infrastructure to manage these digital reserves.
SEC Reform in Cryptocurrency
At the America First Policy Institute, SEC Chairman Paul Atkins introduced sweeping crypto reforms aimed at redefining token classification and enhancing regulatory transparency. Calling it a "once in a generation" opportunity, Atkins stated these reforms would accelerate institutional crypto adoption by reducing regulatory ambiguity. The SEC reforms align with the broader Trump administration policy shift toward embracing digital assets, including a proposal for a federal trading framework seeking regulatory unity between the SEC and CFTC.
Bitcoin Market Dynamics
On-chain data reveals a struggle between bullish whale accumulation and bearish liquidation events. Analytics platform Santiment reports that whales acquired nearly 1% of the total BTC supply in just four months, with 30,000 BTC purchased over the past 48 hours alone. Meanwhile, a Satoshi-era whale sold off 80,000 BTC (worth $9 billion) through Galaxy Digital, adding volatility to the market. Despite this, Glassnode reports that 97% of Bitcoin holders are still in profit, reinforcing long-term bullish sentiment.
The Trump administration's decisions to support Bitcoin and the SEC reforms indicate a commitment to simplifying the regulation of the cryptocurrency space and strengthening the US position in digital asset markets.
