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El Salvador's legislature voted 55-2 to end mandatory bitcoin acceptance under a $1.4B IMF deal that also capped public-sector bitcoin buying at zero — a line the government kept testing anyway.
On March 6, 2025, Executive Order 14233 converted a decade of forfeited Bitcoin from the Silk Road, Bitfinex, and Prince Group cases into a permanent U.S. Strategic Bitcoin Reserve.
Governments that banned Bitcoin hardest ended up holding the most of it. A survey of policy reversals across thirty jurisdictions, and the two governments that never reversed at all.