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A Closer Look At America's New Cryptocurrency Reserve
Published 1 year ago
Description
Since taking office, Donald Trump has made transforming federal policy on cryptocurrency a priority for his administration.
The Securities and Exchange Commission dropped lawsuits against two of the biggest crypto companies in the U.S. and dismissed investigations into others.
Last week, Trump announced the creation of a reserve of Bitcoin and other digital currencies — an estimated $17 million stockpile made up of Bitcoin that the U.S. has seized in legal cases over the years.
It's a far cry from his previous statements about crypto. In 2021, Trump called crypto a scam and "potentially a disaster waiting to happen."
We discuss what's changed and the President's personal investments in the crypto industry.
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The Securities and Exchange Commission dropped lawsuits against two of the biggest crypto companies in the U.S. and dismissed investigations into others.
Last week, Trump announced the creation of a reserve of Bitcoin and other digital currencies — an estimated $17 million stockpile made up of Bitcoin that the U.S. has seized in legal cases over the years.
It's a far cry from his previous statements about crypto. In 2021, Trump called crypto a scam and "potentially a disaster waiting to happen."
We discuss what's changed and the President's personal investments in the crypto industry.
Want to support 1A? Give to your local public radio station and subscribe to this podcast. Have questions? Connect with us. Listen to 1A sponsor-free by signing up for 1A+ at plus.npr.org/the1a.
To manage podcast ad preferences, review the links below:
See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy