https://sputnikglobe.com/20240730/crypto-capital-of-the-planet-delving-into-the-us-stash-of-digital-coins-1119567339.html
Crypto Capital of the Planet? Delving Into the US Stash of Digital Coins
Crypto Capital of the Planet? Delving Into the US Stash of Digital Coins
Sputnik International
Ex-presdient and nowadays GOP hopeful Dobald Trump promised to embrace cryptocurrency if he wins the 2024 election, in an address at a bitcoin conference in Nashville, Tennessee.
2024-07-30T14:26+0000
2024-07-30T14:26+0000
2024-07-30T14:26+0000
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Former US President and current Republican presidential nominee Trump has pledged to make America the "crypto capital of the planet" and create a bitcoin (BTC) "strategic reserve" using the currency that the government currently holds.The current US authorities also holds other cryptocurrencies such as 50,000 Ether (ETH) worth $166.7 million as well as major stablecoins like 121 million USDC worth $121.7 million, and 40,000 BNB valued at $23.2 million.Additionally, the government is in possession of 750,000 WBTC worth $50.3 million, 19 million AUSDC worth $18.8 million and 13 million BUSD valued at $13.6 million, Arkham data showed.For comparison, the value of the government’s BTC holdings stood at about $5 billion last year, the Wall Street Journal earlier reported, adding that a significant part of this digital currency came from confiscations related to darkweb markets like Silk Road.According to Trump, "They took it away from you. So, as I take steps to transform that vast wealth into a permanent national asset to benefit all Americans, today I repeat my promise to commute the sentence of Ross Ulbricht," the founder of the Silk Road website. The man was sentenced to life in prison after a judge held him responsible for six overdose deaths linked to his website.
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a bitcoin conference in nashville, tennessee, former us president and current republican presidential nominee donald trump, us government's bitcoin holdings, the biden’s administration
a bitcoin conference in nashville, tennessee, former us president and current republican presidential nominee donald trump, us government's bitcoin holdings, the biden’s administration
Crypto Capital of the Planet? Delving Into the US Stash of Digital Coins
Donald Trump focused on his plans to embrace cryptocurrency if he wins the 2024 election, adding that he wants the US to be a “bitcoin superpower” under his leadership, in the address at a bitcoin conference in Nashville, Tennessee.
Former US President and current Republican presidential nominee
Trump has pledged to make America
the "crypto capital of the planet" and create a bitcoin (BTC) "strategic reserve" using the currency that the government currently holds.
The current US authorities also holds other cryptocurrencies such as 50,000 Ether (ETH) worth $166.7 million as well as major stablecoins like 121 million USDC worth $121.7 million, and 40,000 BNB valued at $23.2 million.
Right now, the White House has more than 183,000 (BTC) worth approximately $12.3 billion, something that makes the US government the world’s largest owner of the digital coins, according to latest data from Arkham, a crypto intelligence platform.
Additionally, the government is in possession of 750,000 WBTC worth $50.3 million, 19 million AUSDC worth $18.8 million and 13 million BUSD valued at $13.6 million, Arkham data showed.
For comparison, the value of the government’s
BTC holdings stood at
about $5 billion last year, the Wall Street Journal earlier reported, adding that a significant part of this digital currency came from confiscations related to darkweb markets like Silk Road.
Trump has meanwhile made it clear during a recent speech at a bitcoin conference in Nashville, Tennessee that he wanted cryptocurrency “mined, minted and made” in the US. He also sought to contrast his support of cryptocurrency to the Biden’s administration efforts to regulate the industry, telling the crowd that the federal government was “blocking your way.”
According to Trump, "They took it away from you. So, as I take steps to transform that vast wealth into a permanent national asset to benefit all Americans, today I repeat my promise to commute the sentence of Ross Ulbricht," the founder of the Silk Road website. The man was sentenced to life in prison after a judge held him responsible for six overdose deaths linked to his website.
