The US establishes a Strategic Bitcoin Reserve and Digital Asset Stockpile for financial integration

From Cointelegraph
March 7, 2025 4:19 AM:

President Donald Trump has signed an executive order creating a Strategic Bitcoin Reserve and Digital Asset Stockpile, integrating Bitcoin into the US financial system. The move marks a significant step toward global financial system integration. Despite this, Bitcoin plunged over 6% after the announcement, disappointing investors anticipating a government Bitcoin purchase.

Trump’s Bitcoin reserve may lead to new financial products like Bitcoin-backed lending and cross-border settlement solutions. Developers are already working on Bitcoin-based DeFi applications, with BTCFi experiencing a breakout year in 2024. The total value locked in the Bitcoin network saw a 2,000% increase in 2024, mainly due to developments around the Babylon staking platform.

The establishment of a Bitcoin reserve is a significant pivot, confirming Bitcoin’s place among global financial assets. The upcoming White House Crypto Summit on March 7 is expected to provide more details on the Bitcoin reserve and digital asset stockpile plans. Burnett predicts the industry will see new financial products designed around Bitcoin, signaling the beginning of the Bitcoin integration era.

Read more at Cointelegraph: US Bitcoin reserve marks ‘real step’ toward global financial integration