President-elect Donald Trump has expressed interest in building up a stockpile of bitcoin. What would that mean for taxpayers?

Republican senator Cynthia Lummis has introduced a bill to congress, entitled the Boosting Innovation, Technology and Competitiveness Through Optimized Investment Nationwide (BITCOIN) Act, which proposes the U.S. buy 1 million bitcoins over five years to reduce the spiraling $35 trillion U.S. national debt.

President-elect Donald Trump has been promoting the idea of creating a ‘Strategic National Bitcoin Stockpile,’ but the purpose of such an institution remains unclear.

President-elect Donald Trump on Monday met Crypto.com CEO Kris Marszalek to discuss topics related to the digital asset industry, including reportedly a strategic Bitcoin (CRYPTO: BTC) reserve. What Happened: The meeting focused on crafting a clear regulatory framework for digital assets and bolstering the U.

With pro-crypto Paul Atkins leading the agency after Gensler's upcoming exit, the crypto exchange has dropped its high-profile litigation against the regulator.

Eric Trump predicts Bitcoin will reach $1 million, revolutionizing the global economy and outpacing traditional banking systems.

Bitcoin prices have more than doubled this year, fueled by the launch of the first U.S. cryptocurrency exchange-traded funds, plus Donald Trump's election. Asset managers hope to seize on the momentum by putting smaller and riskier tokens into ETFs—but some investors are skeptical.

From his initial campaign and victory back in 2016, to running for president again after losing the 2020 election, Trump has been a relevant figure in politics for nearly a decade. This is roughly the same time during which Bitcoin emerged as a popular mainstream item, introducing cryptocurrencies in the financial world.

While markets eagerly await Trump's potential move on a national bitcoin reserve, several states are already making moves to start holding the crypto.

Trump has vowed to levy up to 100% tariffs on all goods from China, a move that could make Bitcoin mining hardware more costly for US firms.

Trump meets Crypto.com CEO Kris Marszalek at Mar-a-Lago to discuss crypto appointments and Bitcoin reserves influencing US policies.