President Trump's plan to create a strategic reserve of digital coins has run into a significant roadblock – and it's called the US Congress, On The Money has learned.

The prospect of a federal strategic reserve is a major step in President Trump's vision to establish the U.S. as the crypto capital of the world and could be a game changer for the industry.

Some crypto executives have floated the idea of creating a specific tax to fund a reserve, such as taxing transactions involving the $27.6 trillion stablecoin market.

Similar to the Strategic Petroleum Reserve, which protects the U.S. economy from disruptions in oil supplies, a national crypto reserve would help diversify government holdings and hedge against ...

The announcement comes months after reports of a federal strategic Bitcoin reserve, as some members of government advocated for Trump's administration to create a crypto reserve held by the U.S ...

MicroStrategy surged 15% as Bitcoin rallied past $95,000 following President Donald Trump’s announcement of a U.S. Crypto Reserve. MicroStrategy (MSTR) stock surged 10% on March 3, fueled by ...

The reserve would be funded through state-budget allocations and donations from private citizens and corporations. The House passed the measure on a vote 101 to 42.

Crypto markets were mostly back in the red on Monday, with XRP, SOL, and ADA each suffering intraday declines of more than 10 percent after soaring the day before.

The Trump White House recently announced a project that the crypto industry loves, skeptics hate, and that most people, reasonably, don’t really care about: a “bitcoin strategic reserve.” ...

A Texas House Committee has passed a Republican-backed bill to create a Bitcoin reserve, which now only needs a successful full floor vote before heading to the governor’s desk. The Texas House ...