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Trump signed an executive order on cryptocurrency reserves, and the market is in an uproar: is this being stingy?
On Thursday, President Trump of the USA signed an executive order to establish a Bitcoin strategic reserve, but the Bitcoin in the reserve will be completely seized by the USA government from criminal and civil cases, and no additional Bitcoin will be purchased; this order triggered a significant drop in Bitcoin prices, and the wording indicating the government will not purchase new Bitcoin, combined with the lack of clarity on reserve plans for the Other four Cryptos, raised concerns in the Industry.