In light of the US government’s hesitation towards purchasing more Bitcoin, MicroStrategy, led by Michael Saylor, continues its aggressive accumulation of the digital currency under its 21/21 plan.
However, the rapidly approaching two-year legislative window under the incoming Trump administration has put pressure on pro-crypto policies to be implemented quickly.
Despite this urgency, a controversial new IRS rule that classifies DeFi front-ends as brokerages has sparked widespread criticism, legal challenges, and concerns over innovation and decentralization in the industry.
A projection by Galaxy Digital’s research division suggests that the US government will not acquire more Bitcoin in 2025, but rather focus on protecting its current holdings.
According to Alex Thorn, head of research at Galaxy, the government may adopt a Bitcoin reserve policy using its existing 183,850 BTC, valued at approximately $17.24 billion.
