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EXPLAINER-How would a US bitcoin strategic reserve work?

President Donald Trump ordered the creation of a digital asset working group on Thursday which, among other things, would be tasked with exploring a U.S. cryptocurrency stockpile. He has directed the group, by July, to turn in a report addressing criteria for such a stockpile, potentially derived from cryptocurrencies seized by the federal government. Some market participants were disappointed Trump did not immediately begin accumulating a bitcoin strategic reserve.