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    Home»Bitcoin»Crypto wants coverage change greater than Bitcoin reserve — Execs
    Crypto wants coverage change greater than Bitcoin reserve — Execs
    Bitcoin

    Crypto wants coverage change greater than Bitcoin reserve — Execs

    By Crypto EditorMarch 10, 2025No Comments2 Mins Read
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    The cryptocurrency {industry} will profit extra from US regulatory readability than from President Donald Trump’s plan to create a nationwide Bitcoin (BTC) reserve, a number of cryptocurrency executives advised Cointelegraph. 

    Trump’s March 6 govt order making a US strategic Bitcoin reserve and a separate digital asset stockpile for altcoins left crypto {industry} executives underwhelmed. 

    In the meantime, they’re nonetheless ready for the White Home to offer detailed steering on points like securities regulation and taxation, the executives stated. 

    “Markets anticipate a roadmap for innovation and clear pointers on stablecoins, institutional adoption and taxation,” Max Giammario, CEO of Web3 synthetic intelligence startup Kindred, advised Cointelegraph.

    “As an alternative, the imprecise rhetoric and lack of fast motion solely deepened uncertainty.”

    Crypto wants coverage change greater than Bitcoin reserve — Execs

    Trump signed a crypto govt order on March 6. Supply: Margo Martin

    Marketing campaign guarantees

    In July, Trump promised to show America into the “world’s crypto capital” and create a US Bitcoin reserve akin to the nation’s gold stockpile. 

    Trump’s March 6 govt order delivered on his marketing campaign promise however left merchants disillusioned. 

    As an alternative of instructing the US authorities to purchase crypto, the reserve and the stockpile will initially solely comprise digital property seized by legislation enforcement. 

    Bitcoin is down roughly 13% from March 6 as merchants react to the information amid a backdrop of macroeconomic uncertainty. 

    Altcoins have clocked related losses, with the whole crypto market capitalization shedding greater than $400 million.