Last night, President Trump signed “digital assets” Executive order (EO), and let’s only say bitcoiners feel … sour. Initially, rumors spread that this might be legislation for the strategic reserve of the expected bitcoin. But no – not even near. Bitcoin Reserve did not get one male.
Instead, Eo said:
“The working group evaluates potential creativity, maintains the stock of national digital assets, and proposes standards for the establishment of such stock, which is likely to be derived from the encrypted currencies that the federal government has confiscated through law enforcement efforts.”
Translation: This EO looks like a mysterious road map “Let’s Stuchcoins” instead of a bold step towards the Bitcoin Strategic Reserve. If you contemplate the moment of orange birth control pills in the state of the nation, this is not.
But before you get angry, take a deep breath. There is a silver lining. EO is a cbecs function-a big victory over freedom funds and a more allied future than Bitcoin.
As we mentioned the Senator Cinema Lomes yesterday, the Bitcoin Strategic Bill is “” “Lift::
Why this good news? Let’s divide it:
- Fragile Executive Orders: EOS is fast in implementation, but can be easily reversed by the following administration. They are political notes after that, not permanent reforms.
- Follow -up legislation: It is difficult to cancel the laws that have been approved through the congressional councils. Lummis’s long -term strategy aims to enhance Bitcoin’s role in the American economy for generations, not only the upcoming electoral cycle. It takes the way to prefer low time, and salute it.
Senator Lomes said herself at X DM she allowed me to participate:
“Even if EO is the Bitcoin Strategic Strategy Reserve, the following management (after Trump) can decline (what is done administratively in general). Therefore, in order to obtain a minimum for 20 years from Hodl, who calls for its bill and address The debt of America is useful, we must pass the legislative process (the passage of both the House of Representatives and the Senate) to reach it to the President’s Office.
It is really important to have momentum of marathon, not an enemy race. I don’t want people to feel frustrated. The path is on the moon, but we have to stick to it and do the process. Many to do it but EO was a great jumping point to get us there. “
So yes, EO seems to look like a rapid victory for Crypto Execs eager to pump their bags. But the real battle for the future of Bitcoin has just started.
SBR approved from Congress is better than SBR via executive order. Full stop!
Bitcoin has always flourished in adversity. Whether it is prohibitions, restrictions, or now the nonsense of “national digital assets”, the flexibility of Bitcoin is unparalleled. Since Senator Lomes is working to pushing the bitcoin strategic budget bill through Congress, individual countries are already leading this charge. Countries offer bachelor’s reserve legislation, not mysterious “digital assets” plans.
At the same time, the global momentum is constructive. “Putin did not say,” No one can control digital assets, “he said,” No one can control Bitcoin “. National countries are not about to reach $ Trump or Fartcoin. They watch, learn and approach Bitcoin.
Bitcoin wins because it is superior money. Each part of the news, even relapses, is eventually a climb in Bitcoin because it reveals the weaknesses in Fiat and strengthens the bitcoin narration. So stay patient. Slow burning will be worth it.
We see you in Vegas – and remember: the best money he wins.
This article is a Take. The opinions expressed are fully author and do not necessarily reflect the views of BTC Inc or Magazine Bitcoin.