During the 2024 Bitcoin Conference in Nashville, Donald Trump, then-Republican presidential candidate, electrified the crypto crowd with a bold vision:

“If crypto is going to define the future, I want it to be mined, minted, and made in the USA. If Bitcoin is going to the moon, I want America to be the nation that leads the way. It will be the policy of my administration to keep 100% of all the Bitcoin the U.S. government currently holds or acquires.”

Fast forward a few months—Trump defeats Kamala Harris and steps into the White House. The Bitcoin community awaits what was touted as a game-changing policy: the launch of a U.S. Strategic Bitcoin Reserve.

But has that promise vanished into thin air