Washington, D.C. — Blockchain Innovation Project Co-Chairs Former Reps. David McIntosh and Tim Ryan issued the following statement in response to President Donald Trump’s Executive Order creating a Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile:
“When it comes to creating digital asset reserves, the Executive Order Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile correctly limits them to assets held by the Department of Treasury through seizures from criminal and civil forfeiture proceedings. Any legislation authorizing a digital asset reserve should embrace the principle in this Executive Order that additional purchases to reserves should be limited to decentralized coins that have a fixed supply, such as Bitcoin.” — Blockchain Innovation Project Co-Chairs David McIntosh and Tim Ryan.
Read the related policy brief from Blockchain Innovation Project.