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Bitcoin Sinks After Trump’s Executive Order Disappoints Market - BLOOMBERG

MARCH 07, 2025

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  • Crypto czar Sacks announces cryptocurrency plans on X
  • No plan to spend taxpayer money on crypto, Sacks says


US President Donald Trump has signed an executive order to set up a strategic Bitcoin reserve and a stockpile of other digital assets, according to a post on X by White House crypto czar David Sacks.

Bitcoin and other tokens fell as Sacks said that taxpayer money would not be spent to acquire cryptocurrencies for either.

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