US President Donald Trump has signed an executive order to establish a Bitcoin Strategic Reserve. This initiative seeks to capitalize the reserve with approximately 200,000 bitcoins that the federal government has seized in criminal or civil proceedings, ensuring that there are no additional costs to taxpayers.
The order also establishes a full audit of the government's digital asset holdings. It also authorizes Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to develop budget-neutral strategies to acquire additional bitcoins. It also creates the US Digital Asset Reserve, managed by the Treasury Department, to manage other confiscated cryptocurrencies.
This move coincides with a cryptocurrency summit at the White House and reflects the Trump administration's commitment to positioning the United States as a world leader in the cryptocurrency space.
The creation of the strategic reserve has generated diverse reactions in the market and among experts, who analyze its possible economic and geopolitical implications.
https://apnews.com/article/bitcoin-reserve-trump-crypto-sacks-5c91a1ab3dab9a8c86d4bc42b8db3f8f
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