US Should Act On Bitcoin, Not Just Praise It, Ex-Advisor To Trump Says

Former Trump crypto advisor David Bailey criticizes the lack of action on Bitcoin's Strategic Reserve despite the US holding $24 billion worth of seized Bitcoin. While Trump signed an executive order establishing the reserve, no new Bitcoin purchases have been made due to political and budgetary constraints requiring a 'budget-neutral' approach.

• →The US government holds approximately 378,372 Bitcoin worth over $24 billion from criminal seizures but hasn't purchased any new Bitcoin for the Strategic Reserve.
• →David Bailey argues that political support for Bitcoin is meaningless without willingness to spend political capital to implement actual policy changes.
• →The White House's crypto coordinator acknowledged that expanding Bitcoin holdings requires a budget-neutral approach with no new taxes or debt.
• →Bailey believes Bitcoin adoption will eventually force government cooperation regardless of current political inaction.
• →The gap between Trump's executive order and actual implementation highlights the difficulty of translating crypto policy promises into action.