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Donald Trump, the President of the United States, has officially initiated a Strategic Bitcoin Reserve, which is likely to be established using BTC seized by law enforcement agencies in criminal and civil cases.
A presidential executive order has launched the Strategic Bitcoin Reserve in the U.S., composed of assets already owned by the federal government. This announcement was made by David Sacks, the White House AI and Crypto Czar.
A significant aspect of this initiative is that the establishment of the Bitcoin reserve will not necessitate additional budget allocations. David Sacks indicated that the U.S. government currently possesses approximately 200,000 BTC, although exact numbers remain unclear due to the absence of an official audit. The executive order also requires a comprehensive accounting of all digital assets under federal government control.
David Sacks further disclosed that over the last decade, the U.S. government has sold around 195,000 BTC, generating $366 million in revenue. He expressed regret regarding these sales, as their current market value would be about $17 billion.
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The White House fact sheet clarifies that BTC from the strategic reserve will not be sold but rather utilized as a long-term store of value, akin to the nation’s gold reserves. The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional BTC, ensuring no extra costs for American taxpayers.
The same executive order also establishes the U.S. Digital Asset Stockpile, which consists of non-BTC digital assets owned by the Treasury Department. This fund will also be formed solely from assets seized in criminal or civil cases. The Treasury Secretary is permitted to determine responsible asset management strategies, including potential sales.
Experts have previously shared varying opinions on the feasibility of creating a Strategic Bitcoin Reserve in the U.S. Max Krupyshev, CEO of CoinsPaid, informed CP Media that such a federal-level initiative would eventually be realized but not in 2025, as he believed that regulatory clarity on crypto-assets was a more immediate concern.
The White House press release underscores that Donald Trump is fulfilling his campaign promises, including the establishment of a Strategic Bitcoin Reserve and transforming the U.S. into the “crypto capital of the planet.”
Сообщение Trump Signed Government Order Establishing Strategic Bitcoin Reserve in U.S. появились сначала на CoinsPaid Media.
