US Senator: "America is becoming the global center for Bitcoin and digital assets"
Suehyeon Lee
Summary
- Senator Lummis positively evaluated the executive order on strategic Bitcoin reserves.
- Trump's executive order was set to stockpile existing confiscated assets as Bitcoin, according to the report.
- Bitcoin price fell by more than 4% after the executive order announcement but has now slightly rebounded, according to the report.
Senator Cynthia Lummis has responded positively to President Donald Trump's executive order on strategic Bitcoin (BTC) reserves.
On the 7th (local time), Senator Lummis said through her X account, "Another promise made, another promise kept. We are becoming the global center for Bitcoin and digital assets. America is back."
Earlier, President Donald Trump signed an executive order this morning to stockpile Bitcoin as a strategic asset using existing confiscated assets.
However, as the policy direction did not lead to additional asset purchases contrary to expectations, Bitcoin at one point traded at around $85,000, down more than 4%. It has now rebounded slightly and is trading at $87,602.76 according to CoinMarketCap.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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