Trump Orders Creation of Strategic Bitcoin Reserve

President Trump’s executive order to establish a Strategic Bitcoin Reserve and a US Digital Asset Stockpile has sparked controversy, with significant opposition from Democratic Representative Gerald Connolly, who argues it poses a conflict of interest benefiting Trump's business interests. Meanwhile, Florida governor candidate Byron Donalds supports the initiative, proposing legislation to protect the reserve from future policy reversals. The U.S. Treasury Department is actively engaging with crypto custody firms like Anchorage Digital to discuss best practices for managing the reserve, highlighting the importance of secure and strategic custody of digital assets. These discussions are part of broader efforts to ensure that the U.S. remains a leader in digital financial technology, despite differing political viewpoints on the reserve's impact.