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'Bitcoin reserve'

Trump signs executive order to form a strategic Bitcoin reserve

SUMMARY

President Trump signed an executive order to establish a Strategic Bitcoin Reserve. This initiative, announced by White House crypto czar David Sacks, aims to stockpile Bitcoin, Ethereum, and other tokens using assets forfeited through legal proceedings.

White House crypto czar David Sacks said: "The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings."

The reserve is designed to avoid taxpayer costs, likened to "a digital Fort Knox." It includes approximately 200,000 bitcoins and mandates a full accounting of the government's digital assets. Additionally, a US Digital Asset Stockpile is created for responsible management under the Treasury Department. This story is still developing.


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