On the surface, the newly announced Strategic Bitcoin Reserve sounds like the perfect catalyst for sending Bitcoin (CRYPTO: BTC) higher for years to come. Now that it has the support of the U.S. government,

Rep. Gerald E. Connolly urged Treasury Secretary Scott Bessent to stop efforts to establish a cryptocurrency reserve.

Bitcoin (CRYPTO: BTC) is going to be held in a United States Strategic Bitcoin Reserve, according to comments by President Donald Trump and an executive order issued on March 6. This is a watershed moment for the coin,

The establishment of a Strategic Bitcoin Reserve (SBR) in the U.S. is a "monumental endorsement" of the world's largest cryptocurrency, broker H.C. Wainwright said in a research report Monday. The move mints bitcoin's "legitimacy in the mold of humanity's most historically prized asset: gold," analysts Kevin Dede and Michael Donovan wrote.

The U.S. government currently holds 198,109 BTC worth over $16 billion. A comprehensive audit of the government's federal crypto holdings is expected by April 3,

A top Democrat urged the US Treasury Department to block the setting up of a Strategic Bitcoin Reserve by President Donald Trump.

President Trump issued an executive order entitled “Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile.” It is the latest effort in the President’s sweeping reforms concerning the digital asset industry.