#BTC Trump signs executive order to establish a strategic BTC reserve


Golden Finance reported that David Sacks, the White House AI and cryptocurrency chief, posted on social media, "Just a few minutes ago, President Trump signed an executive order establishing a strategic BTC reserve. The reserve will be capitalized by the BTC owned by the federal government, which is part of criminal or civil asset forfeiture proceedings. This means it won't cost taxpayers a penny. It is estimated that the U.S. government owns about 200,000 BTC; however, a full audit has never been conducted. The executive order requires a comprehensive account of the federal government's digital asset holdings. The U.S. will not sell any BTC deposited into the reserve. It will be retained as a store of value. In addition, the executive order also establishes the U.S. Digital Asset Reserve, which includes digital assets seized in criminal or civil litigation other than BTC. Except for assets obtained through forfeiture proceedings, the government will not acquire other assets for the reserve assets. The purpose of the reserve is to manage government digital assets under the leadership of the Department of the Treasury."
BTC3.38%
TRUMP5.85%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)