CoinDesk Podcast Network COINDESK DAILY: Trump Orders 'Fort Knox' Bitcoin Reserve
Mar 7, 2025
President Trump has ordered a strategic Bitcoin reserve for U.S. holdings, tapping into nearly 200,000 seized Bitcoins. This bold move is stirring mixed reactions and ramping up legislative interest in Bitcoin across various states. Plus, the latest in decentralized finance showcases Uniswap Labs’ new app for seamless swapping and bridging across multiple chains. With low costs and lightning-fast transactions, DeFi is proving to be on the rise.
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Bitcoin Reserve Impact
- President Trump ordered a Bitcoin reserve, removing $17 billion of selling pressure.
- Opinions are mixed, some see it as symbolic, others as positive.
States Investing in Bitcoin
- Texas and New Hampshire are advancing bills to invest public funds in Bitcoin.
- This follows Trump's push for a U.S. crypto reserve, but some argue Bitcoin is the only asset comparable to gold.
Learn More
- Check out Christine Lee's interviews for more information on the White House Crypto Summit.
- Find the interviews on X or the CoinDesk YouTube page.