President Donald Trump recently issued an executive order to set up a strategic crypto reserve using digital assets already in the government’s possession. The strategic reserve will consist of Bitcoin (BTC) previously confiscated by the government through criminal and civil asset seizures, according to White House cryptocurrency advisor David Sacks.

Entities in the crypto industry, such as Canaan Inc. (NASDAQ: CAN), await the details of this proposed national crypto reserve and how it will impact the market in the medium to…

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