It’s not just retail that is piling into the Bitcoin price as we’re now seeing governments begin to circle the wagons like a Clint Eastwood movie.
My personal favorite is The Good, The Bad, and The Ugly, and all other answers are wrong! Moreover, now both the U.S. and Ukraine are exploring national Bitcoin reserves, signaling a shift in how governments view digital assets.
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Bitcoin Price: U.S. Makes Progress on Bitcoin-Backed Plans
Under President Donald Trump’s leadership, the U.S. government is advancing its legislative efforts to solidify its leadership in the crypto space.
Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, expressed optimism at Consensus 2025, noting that stablecoin and market structure legislation are expected to pass by August.
“Negotiations are ongoing,” Hines shared, but he remains confident about securing bipartisan support.
Do President Trump’s crypto ties raise any concern for conflicts of interest?@bohines doesn’t think so.
“The President of the United States can’t be bought.” pic.twitter.com/3TTpHygZn7
— CoinDesk (@CoinDesk) May 14, 2025
Hines emphasized President Trump’s goal to position the U.S. as a global leader in digital asset technologies, adding, “We want to establish ourselves as a leader in digital asset financial technology more generally.”
If the U.S. moves ahead with the reserve, it would establish Bitcoin as a critical component of national reserves, comparable to gold’s status in traditional finance.
Ukraine Joins the Bitcoin Reserve Race
Ukraine isn’t far behind in its crypto ambitions…. yeah, we didn’t have that one on our 2025 bingo card.
War-torn but forward-thinking, Ukraine is preparing to launch Europe’s first Strategic Bitcoin Reserve. Ukrainian MP Yaroslav Zhelezniak, Deputy Chairman of the Committee on Finance, Tax, and Customs Policy, plans to submit a bill outlining the framework.
“We will soon submit a draft law from the industry allowing the creation of crypto reserves,” Zhelezniak stated.
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The Ukrainian proposal has attracted support from Binance, the world’s largest crypto exchange. Binance’s regional head, Kirill Khomyakov, noted, “The creation of such a reserve will require significant changes in legislation, which indicates that this process will not be quick.”
While hurdles remain, such as legislative refinement and WW3 with Russia – you know, small things like that – this is a pleasant surprise to say the least.
The Future of Bitcoin Reserves Under Trump and Zelensky
Bitcoin is moving from asset class to state asset. The U.S. is leading the charge but several players are right behind including China, the UK and now even Ukraine.
Both moves point to the same shift: Bitcoin is stepping out of the speculation bin and into the sovereign toolkit.
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Key Takeaways
- It’s not just retail that is piling into the Bitcoin price as we’re now seeing governments begin to circle the wagons like a Clint Eastwood movie.
- Ukraine isn’t far behind in its crypto ambitions…. yeah, we didn’t have that one on our 2025 bingo card.
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