BLACKROCK, THE FDIC & TRUMP: BITCOIN’S BIGGEST POWER MOVES

BlackRock is deep in the game with $52.8B in Bitcoin, holding more BTC than most countries. 

But regulators aren’t impressed. The FDIC rejected their plea for more time to address banking concerns, and subpoenas could be next.

Then there’s Trump, planning to shake things up with a US Strategic Bitcoin Reserve - 1M BTC over five years, starting with seized coins. 

The aim? Strengthen the dollar and reduce reliance on traditional financial systems, especially as China and Russia pivot toward their own crypto strategies.

This is a clash between institutional dominance, regulatory scrutiny, and a political push to weaponize Bitcoin.

Source: CNBC