President Donald Trump has signed an executive order to create a bitcoin strategic reserve. The initiative will unify Bitcoin obtained by the federal government through procedures for confiscating criminal and civil origins. This reserve aims to serve as a valuable store, as the government chose to keep digital assets.
Donald Trump signs orders to create the American Bitcoin Strategy Reserve
In the lengthy After xCrypto Czar David Sacks revealed that President Donald Trump has officially signed an executive order to create a strategic Bitcoin reserve. This initiative is designed to protect Bitcoin confiscated through legal confiscation procedures and store it as a national origin.
The federal government currently has an estimated 200,000 bitcoin, although there is no comprehensive scrutiny. The executive matter provides for a complete accountability for all federal digital assets to provide transparency in relation to the government’s encrypted currency assets.
A recent report stated that the government cannot use taxpayer funds for the strategic encryption reserve without the approval of Congress. To overcome this, officials study alternatives such as re -recognition Bitcoin seized Or create a sovereign wealth fund.
The US government will retain Bitcoin
The strategic Bitcoin reserve will consist exclusively from the acquired Bitcoin through the procedures for confiscating criminal or civil origins. The government will not sell any bitcoin stored in the encryption reserve. This decision aims to maintain bitcoin as a long -term store for value.
David Sachs added,
“The United States will not sell any bitcoin deposited in the reserve. It will be kept as a value store. Reserve is like a digital fortress for the cryptocurrency called” digital gold “.
Meanwhile, critic Peter Chef quickly indicated that the encryption stocks only consist of seized digital assets and did not include government purchases. He emphasized that no ETH, XRP, Ada or Sol will be bought, which enhances that the stock is completely limited to the confiscated symbols.
Although it is about discussion whether the government can buy more bitcoin for the strategic reserve, the only thing that the executive explains is that the encryption stored will only consist of seized symbols, so no ETH, XRP, Ada or Sol will not be purchased. So at least there!
– Peter Chef (@PETERSCHEFF) March 7, 2025
Auditing to determine federal digital assets
To ensure accuracy in tracking encryption assets in the federal government, the request is reviewed by all digital holdings. This process will provide a clearer picture about the total bitcoin and other digital assets in government possession.
In addition to Bitcoin, the executive matter also creates a stock of American digital assets. Consequently, the government will hold digital assets other than bitcoin it obtained through confiscation procedures.
However, the stock will not receive new acquisitions that exceed the lost assets.
The executive order of the Treasury and Trade Secretariat authorizes the development of neutral budget strategies to gain additional bitcoin. These strategies should not impose any additional financial burden on American taxpayers.
In a previous version, David Sachs blamed The Biden Administration, and revealed that the United States lost more than $ 17 billion by selling bitcoin confiscated instead of keeping it. He said that the lack of a long -term strategy for seized assets led to great losses to American taxpayers.
Ronnie Mogndi
Ronny Mugendi is a four -year experienced encryption journalist, as he contributed greatly to the various media in cryptocurrencies and technologies. With more than 4000 articles published through various media, it aims to inform and teach more people to the Blockchain world and Defi. Outside his career in the press, Rooney has a bicycle riding and exploring new paths and landscapes.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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