Currencies38131
Market Cap$ 2.28T+0.56%
24h Spot Volume$ 24.47B-24.9%
DominanceBTC56.44%+0.27%ETH9.63%+1.35%
ETH Gas0.10 Gwei
Cryptorank
/

US Bitcoin Reserve implementation is moving faster than expected, with timelines now in days and weeks


US Bitcoin Reserve implementation is moving faster than expected, with timelines now in days and weeks

Share:

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner
  • Bitcoin Magazine CEO David Bailey says the Bitcoin Strategic Reserve Act is progressing faster than expected
  • He measured the implementation timeline in weeks rather than months or years
  • President Donald Trump signed the executive order establishing a Bitcoin-only reserve last week

The pace of implementing the U.S. Bitcoin Strategic Reserve Act is quicker than market expectations, according to Bitcoin Magazine CEO David Bailey.

Bailey posted on X that the timeline is days and weeks, not months or years. This shows that government officials are acting swiftly to establish a Bitcoin reserve. “The administration is ‘moving at the speed of tech’ and ‘acting with urgency,” Bailey wrote.

This development follows President Donald Trump’s signing of an executive order for crypto last week. This signing officially establishes the U.S. Crypto Reserve, comprising a Bitcoin-only reserve and a national stockpile for altcoins.

Related: Donald Trump Makes It Official: Strategic Bitcoin Reserve, Altcoin Stockpile Is Law

Trump’s Executive Order: Bitcoin Strategy

President Trump’s executive order introduces a long-term strategy for integrating Bitcoin an…

The post US Bitcoin Reserve implementation is moving faster than expected, with timelines now in days and weeks appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 64.35K

+0.82%

$ 0.00735

+1.16%

$ 0.000161


Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

In This News

Coins

$ 64.35K

+0.82%

$ 0.00735

+1.16%

$ 0.000161


Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

Read More

Bitcoin treasury company Empery Digital sold about half of BTC stack

Bitcoin treasury company Empery Digital sold about half of BTC stack

It's a sign of the times as the troubled company swaps its bitcoin treasury ambitions...
Bitcoin’s $64K rebound has three days before its next big challenge threatens to derail momentum

Bitcoin’s $64K rebound has three days before its next big challenge threatens to derail momentum

July 14 will show whether one day of ETF inflows can outlast firm yields and restrain...