Bitcoin Reserve: XRP Lawyer Speaks Out

Executive Order on U.S. Strategic Bitcoin Reserve Sparks Debate

• The executive order confirms the U.S. Strategic Bitcoin Reserve will only include Bitcoin obtained through legal forfeitures.
• Pro-XRP lawyer John E. Deaton highlighted that direct government purchases of Bitcoin could face legal challenges.
• The U.S. holds approximately 200,000 Bitcoins, valued at around $17.8 billion.
• A separate national digital assets stockpile for non-Bitcoin tokens was introduced, without specifying which cryptocurrencies are included.
• Industry experts believe the reserve reduces the likelihood of a U.S. government crackdown on Bitcoin.

The executive order clarifies that the U.S. will not purchase additional Bitcoin beyond those seized by law enforcement, with current holdings estimated at about $17.8 billion in value.