President Donald Trump has signed an Executive Order to establish a Strategic Bitcoin Reserve, which will be capitalized with Bitcoin obtained through federal criminal and civil asset forfeiture proceedings. The reserve will hold approximately 200,000 Bitcoin, and a full accounting of the government's digital asset holdings will be conducted. The U.S. government has stated that it will not sell any Bitcoin deposited into the reserve, as premature sales have resulted in significant losses for taxpayers. The Treasury and Commerce Secretaries are authorized to develop strategies for acquiring additional Bitcoin but must ensure no additional costs to taxpayers. The Digital Asset Stockpile, overseen by the Treasury Department, will manage other forfeited digital assets, with no plans for further acquisitions beyond forfeitures. This Executive Order emphasizes President Trump's commitment to making the U.S. the "crypto capital of the world."
Content Editor ( cryptobriefing.com + 5 more )
- 2025-03-07
Trump signs executive order to create a strategic Bitcoin reserve
