Trump Signs Executive Order for US Bitcoin Reserve
The post Trump Signs Executive Order for US Bitcoin Reserve appeared on BitcoinEthereumNews.com.
Donald Trump has followed through on his promises and signed an executive order to establish a Strategic Bitcoin Reserve and a separate US Digital Asset Stockpile. While some industry figures have lauded the order, others remain skeptical. They argue that the initiative is little more than a rebranding of existing government holdings with no substantive new strategy. Donald Trump Signs Order for Strategic Bitcoin Reserve The order directs the US Department of Treasury to initially fund the Strategic Bitcoin Reserve with BTC seized through criminal and civil asset forfeiture. The administration has vowed not to sell these assets. “Bitcoin, the original cryptocurrency, is referred to as “digital gold” because of its scarcity and security, having never been hacked. With a fixed supply of 21 million coins, there is a strategic advantage to being among the first nations to create a Strategic Bitcoin Reserve,” the order read. Arkham Intelligence data shows that the US government holds 198,109 BTC in its public wallets, valued at $17.5 billion at current market prices. US Government Crypto Holdings. Source: Arkham Despite this substantial holding, David Sacks, the White House’s AI and Crypto Czar, noted that a comprehensive audit of the government’s digital assets has never been conducted. The new executive order mandates this accounting. “Premature sales of Bitcoin have already cost US taxpayers over $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings,” he wrote. It also authorizes budget-neutral strategies for potentially acquiring more Bitcoin. Yet, critics argue that the reserve lacks substantive impact. Industry Experts Divided on Strategic Bitcoin Reserve Jacob King, founder of WhaleWire, dismissed the recent attention around the reserve. “In reality, this has existed for over a decade—they’re just slapping a fancy title on it to appease Bitcoiners,” he remarked. …
Filed under: News - @ March 7, 2025 6:24 am