Trump Signs Executive Order to Establish Bitcoin Strategic Reserve and Digital Asset Stockpile
After deep expectations, President Donald Trump finally signed an executive order to build a strategic reserve of Bitcoin. Under the plan, the U.S. government will create a “digital Knox” to store other cryptocurrencies occupied in civil or criminal cases.
The purpose of the reserve is to preserve the long-term value of these digital assets, marking a significant shift in the way the government handles occupying cryptocurrencies. Trump’s Crypto Tsar David Sacks shares latest developments in the latest x postal.
“The reserve will be capitalized in federally owned Bitcoin, which is confiscated as part of a criminal or civil asset forfeiture process. That means that it won’t make taxpayers a dime,” Sachs said.
We keep “digital gold”
He also noted that despite the U.S. government owning about 200,000 bitcoins, a comprehensive audit of these assets has never been conducted. The new executive order requires a comprehensive accounting of federal government digital asset holdings.
The United States will not sell any bitcoin stored in the reserves; instead, it will be saved as a long-term store of value. The reserve is essentially a digital version of Fort Knox, designed to protect cryptocurrencies known as “digital gold.”
The U.S. government has lost over $17 billion in value too early for selling Bitcoin, but now the federal government has developed a new plan to maximize the value of its Bitcoin holdings. The finance and business secretary will develop strategies to get more bitcoin without causing taxpayers to pay more extra money.
The executive order also creates a U.S. digital asset inventory that will store digital assets other than Bitcoin that are seized in criminal or civil cases. The government will only increase assets from confiscation cases, rather than through purchasing assets. Sax stressed that the goal of inventory is to manage the government’s digital assets responsibly under the supervision of the Ministry of Finance.
Commitment, guarantee!
President Trump has previously promised to build strategic Bitcoin reserves and digital asset inventory, and now, these promises are being fulfilled.
Sacks stressed that the executive order highlighted his ongoing commitment to positioning the United States as the “crypto-capital of the world” and took significant steps to incorporate digital assets into the country’s financial future.
Sacks expresses gratitude and admiration for the president’s leadership and vision to support this cutting-edge technology and to quickly execute support for the digital asset industry. He pointed out that the Trump administration is really acting at a “technical speed”.
He also mentioned the President’s working group in the digital asset market – in particular Treasury Secretary Scott Best and Commerce Secretary Howard Lutnick, to achieve this goal. Finally, he shared that Bo Hines also played a key role in achieving this goal as executive directors of the working group.
